« Home | Brian Pallister ... the Conservative Who Wants To ... » | For PM Stephen Harper ... 'Electability' Trumps Cr... » | And The PMO Keeps Grinding Out The Lies .. Half Tr... » | Remember not that long ago when Nigel Wright was p... » | Stephen Harper ... You are a gutless, sleazy liar.... » | Sometimes I Amaze Myself With My Prophetic Politic... » | "We are good to go from the PM" - Nigel Wright » | We DON'T Make This Stuff Up - Rob Ford fitness con... » | This Is Where Right Wing Politics Will Take The Wh... » | Canadian Tire's Money Talks ... SUN News Network's... » 

Thursday, December 05, 2013 

Saskatchewan's Auditor General BLASTS Brad Wall For Government Financial Records That Are 'Wrong"

REGINA — The provincial auditor is waving a red flag over the government’s main operating account, saying that the general revenue fund (GRF) financial statements are “full of errors” and masking a massive deficit of nearly $600 million, rather than a surplus of about $60 million as reported at the end of the 2012-13 fiscal year.
In fact, the auditor’s office has gone so far as to issue an “adverse’’ opinion of the GRF, the first time in the province’s history that the provincial auditor has refused to endorse the GRF financial statements. “Adverse audit opinions are very rare, in both the public and private sector,’’ acting provincial auditor Judy Ferguson told reporters Wednesday.
“Through our audit report on the GRF, we warned the legislators and the public that much of the information included in the GRF 2013 financial statements is wrong and that they must not use those financial statements to evaluate the performance of the government.’’
While Ferguson presented the report, former provincial auditor Bonnie Lysyk, who left Saskatchewan to become Ontario’s provincial auditor in August, signed the “adverse’’ opinion that the GRF financial statements “do not present fairly the financial position of the GRF as at March 31, 2013.”
Ferguson added that under generally accepted accounting principles (GAAP), the province would have posted a deficit of $590 million for the 2012-13 fiscal year, rather than the $58-million surplus reported in the GRF financial statements. “We’re also disappointed that the government continues to regard these inaccurate statements as one of its main financial statements.”
The Leader-Post

Well there goes the credit rating. Pretty astonishing news

Post a Comment

Follow leftdog on Twitter

About Me


  • -Carmichael-
  • Things I Read

    • -Canadian Political Viewpoints-
    • -ZAG-
    • -Next Year Country-
    • -Huffington Post: Canada-
    • -Let Freedom Rain-
    • -Informed On Information-
    • -Wellington Post-NDP-
    • -Trapped In A Whirlpool-
    • -Larry Hubich's Blog-
    • -ROGERISM-
    • -Leftdog's Daily KOS Blog Page-
    • -Dipper Chick
    • -Ideagist -
    • -Al Barger's MORETHINGS.COM-
    • -Canadian Cynic-
    • Saskatchewan Progressive Bloggers
    • My Zimbio
      Top Stories
    • Blogarama - The Blog Directory
    • Politics Blogs - Blog Top Sites
      View blog authority
    • Display Pagerank
    • Canada's NDP
Powered by Blogger
and Blogger Templates