2004-2005 Departmental Financial Statements

TO: All Senior Financial Officers and Senior Full-Time Financial Officers 

Thank you for your efforts last year in preparing the 2003-2004 financial statements.  As in the previous year, there was a great improvement in timeliness, form and content.

The submission date for the 2004-05 departmental financial statements is . The statements must be the final version signed off by the Deputy Head and Senior Financial Officer.  This submission date does not apply to departmental corporations and revolving funds: these organizations must continue to respect the Receiver General cut-off dates for the Public Accounts.

As announced by the President of the Treasury Board, the government has made the commitment to have all departmental financial statements audited by .  We are currently working on the guidance and support needed to implement this objective, including a revised Treasury Board Accounting Standard - Departmental and Agency Financial Statements (TBAS 1.2.  For the 2004-2005 financial statements, departments should prepare their financial statements following the version of TBAS 1.2 used last year.

Please note that, departments subject to the reorganization should restate the 2003-2004 comparatives in the statements, where possible.  

The statements, as well as any questions, should be directed to:

Ken Wheat
Office of the Comptroller General
L'Esplanade Laurier, 8th Floor, West Tower
300 Laurier Ave. West
Ottawa, Ontario
K1A 0R5

Fax:  (613) 941-8487
Phone: (613) 957-9676

e-mail: Wheat.Kenneth@tbs-sct.gc.ca

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