Thank you, Mr. Chair.
I want to thank all three of you for being here.
Mr. Ferguson, my riding borders on New Brunswick, so I follow what goes on in the New Brunswick legislature fairly closely. Currently the sales tax in New Brunswick is 2% lower than it is in Nova Scotia, so that causes people on my side of the border a great deal of difficulty.
I do have some questions about your experience. I see that you were the comptroller, also the auditor general, and later the deputy minister of finance in New Brunswick. I think that provides you a unique level of experience to bring to this committee.
My first question is on the accrual versus cash issue. I know that it's the position of the federal Auditor General to move us more towards an accrual formula. From your perspective as the Auditor General, what is the argument between cash and accrual?