Thanks very much.
Welcome again, Madam Fraser, and to all of your colleagues. Thank you for coming.
As most people, I'm not an expert in accounting systems; we do rely on your expertise. I appreciate the passion of Mr. Kramp in arguing for clarity around the accounting system. I guess you've been through this discussion with this committee before. But I'm new to it, so I welcome the opportunity to learn what we can today.
I was interested in Mr. Moloney's comments. I read the documents ahead of time, and the indication seemed to be that moving to this new system was desirable but we just haven't gotten there yet. It was unclear why we haven't gotten there yet.
Mr. Moloney, I sensed from you that it wasn't just that we were delayed in getting there. It sounded to me as though you had actual concerns about the system and that you were looking at the experience of other countries that had begun to embark on this but had then decided not to. So it does sound as though there is more of a debate than I had thought there would be.
Could you maybe describe what the debate has been about in other countries and why they made the decision not to go forward?