Back on Tuesday, it was revealed in a report that during the last fiscal year, BC’s economy recovered a lot faster than expected and resulted in a surplus of $1.3-billion.
However, according to BC’s auditor general, that surplus number is suspicious because it should be about six times bigger.
Apparently auditor general Michael Pickup’s office found that three changes from mostly accepted accounting principles were apart of the report, which included the way that BC records the amount of money they get from non-government sources as well as other governments.
The office believes that if these financial statements followed Canadian Public Sector Accounting Standards, the surplus should have around $6.4 billion more to it’s name.
This case has added to the auditor general and his office’s longstanding concerns about the way BC handles it’s accounting.
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