Publications

Our Annual Report and Financial Statements 2023/24 highlights achievements and summarizes the independent assurance and trusted information we provided to the Legislative Assembly. This is a report on our work toward the goals, objectives, and performance measures set out in our annual service plan. The annual financial statements were prepared in accordance with generally accepted accounting principles and are audited by an independent auditor who also conducts a reasonable assurance review of our annual report. Highlights this year include: completion of office renovations led by the province’s Leading Workplace Strategies program; significant work on a new compensation framework; our positive results from the BC Stats’ Workplace Engagement Survey; staff collaboration on our new three-year Equity, Diversity, and Inclusion Strategy; and  a new approach to following-up and reporting to the Legislative Assembly on past performance audit recommendations.

This report provides an update on the status of 130 audit recommendations that government organizations committed to implementing to improve their programs and services. The follow-up process covers 24 performance audits conducted between 2019 and 2022. 

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.