The Audit of B.C.’s 2022/23 Summary Financial Statements: Areas of Interest

Date: March 12, 2024

This report follows our audit of the $80 billion of financial activity reported by more than 150 government entities last fiscal year. The topics we’ve identified warrant attention because of their potential influence on the accuracy of government’s financial reporting. 

They relate to:

• government’s method for estimating personal and corporate income tax revenues;
• BC Hydro’s accounting and implications for its net earnings; and
• implementation of new accounting standards across government.