March 31, 2003 142938 Martha E. Jones Denning, CA Principal, Public Sector Accounting The Canadian Institute of Chartered Accountants 277 Wellington Street West Toronto ON M5V 3H2 E-mail: ed.psector@cica.ca Dear Ms. Jones Denning: Attached is the response from the Office of the Comptroller General on the Public Sector Accounting Board's Statement of Principles for changes to Government Transfers, Section PS 3410, of the CICA Public Sector Accounting Handbook. If you have any questions, please feel free to contact me (250 387-6692) or Barbara Reuther, Director, Financial Reporting and Advisory Services (250 387-3975). Yours truly, [Original signed by] Arn van Iersel Comptroller General Attachment pc: Barbara Reuther Ministry of Finance Office of the Mailing Address: Comptroller General PO Box 9413 STN PROV GOVT Victoria BC V8W 9V1 www.gov.bc.ca Province of British Columbia Response to Statement of Principles: Government Transfers CICA Public Sector Accounting Board GENERAL MATTERS FOR COMMENT The topic matter of this SOP is critical in nature. It is important that any guidance provide further clarity regarding the substance of the transfer and not in any way restrict the legitimate management of the bottom line by either the issuer of a transfer or the intended recipient of a transfer. It is important to approach the matter from the perspective that moves away from the traditional ...