FOR THE PROFESSION

A approach the fall budget contation meetings, I thought I'd ike the time to review the role the CA profession has played in making positive changes to our budget process and government financial reporting in the last five years.

To say government financial reporting has come a long way is an understatement. In such a relatively short period of time, British Columbia has transformed its budget process from a system shrouded in secrecy and lacking in credibility, to one that leads Canada in terms of open and transparent budgeting.

Making a difference

The modern-day budget process in BC really came out of the 1999 Budget Process Review Panel. This panel made key …