2004 Report on the Audit of the Financial Statements of the Province

Disclaimer
The printed version of the document stands as the official record. The Office of the Auditor General assumes no responsibility for any discrepancies that may have been transmitted with the electronic version.

Note: The contents of this report must be viewed using Adobe Acrobat Reader 7.0 or higher. If you do not have this viewer, please download a free version by clicking here.

TABLE OF CONTENTS

Inside Cover

Letter of Transmittal

Foreword

 
Chapter 
 		   

Part

Page
1

 

 Reflections of the Auditor General

 

    1
2 Public Accounts    
Introduction 2.1  5
  Legislative Requirements Relating to the Financial Statements of the Province
2.2
 6
  Auditor’s Report on the Financial Statements of the Province

 
2.3
 7
3 Comments on Government’s Financial Reporting    
  Introduction 3.1  9
  Government Reporting Entity 3.2  9
  Environmental Liabilities 3.3 10
The Budget 3.4 11
Periodic Financial Statements 3.5 12
Liability Relating to Self-Insured
   Workers’ Compensation Benefits
3.6
13
Liability Relating to Retirement Benefits Other than Pensions
3.7
14
  Changes to the Reporting Format of Government’s Financial Statements

 
3.8
14
4 Key Indicators of the State of Government’s Finances    
  Introduction 4.1 17
  Key Indicators of the State of a Government’s Finances 4.2 17
  4.3 18
  4.4 21
 

 

 

 4.5 25
5 Selected Financial Information and Other Matters    
  Retirement Benefits - Pensions 5.1 29
  Retirement Benefits - Other Than Pensions 5.2 33
  Debt 5.3 37
  Accounts Receivable 5.4 45
  Loan Guarantees 5.5 50
Delays in Responses to Legal Letter Requests 5.6 52
  Errors in Public Accounts Submissions 5.7 53