GFOA of the US & Canada

Committee on Canadian Issues Best Practices and Advisories: Accounting, Auditing, and Financial Reporting

GFOA recommended practices that have been approved by the Committee on Canadian Issues as applicable to Canada.

• Application Of Full-Cost Accounting To Municipal Solid Waste Management Activities (January 2002)
• Audit Procurement (May 2003)
• Using Web Sites to Improve Access to Budget Documents and Financial Reports (June 2004)
• Including Management's Discussion and Analysis in Departmental Reports (May 2006)
• Preparing Popular Reports (May 2003, revised January 2007)
• The Need for Periodic Inventories of Tangible Capital Assets (January 2002; revised January 2007)
• Ensuring Control over Noncapitalized Items (June 2007)
• The Use of Trend Data and Comparative Data for Financial Analysis (2009)
• Governmental Accounting, Auditing, and Financial Reporting Practices (2000 and 2010)
• Technology Disaster Recovery Planning (2000 and 2010)
• Establishing Appropriate Capitalization Thresholds For Tangible Capital Assets (2002 and 2010)
• Audit Committees (2003 and 2010)
• Documentation Of Accounting Policies And Procedures (2003 and 2010)
• Establishment of an Internal Audit Function (2005 and 2010)
• Enhancing Management Involvement with Internal Control (2006 and 2010)
• Encouraging and Facilitating the Reporting of Fraud and Questionable Accounting and Auditing Practices (2010)
• Ensuring Adequate Documentation of Costs to Support Claims For Disaster Recovery Assistance (2010)
• Improving the Timeliness of Financial Reports (2010) 
• Establishing the Estimated Useful Lives of Capital Assets (2010)
• Web Site Presentation of Official Financial Documents (2010)