Thank you, Mr. Chair.
Thank you, guests, for being here once again.
To follow through, as the chair mentioned, I think it's one of the more important studies we've taken on as a committee. It's been studied in the past, and it's actually encouraging to see there is finally some action being taken on some recommendations that were made in some previous studies from 10 and 20 years ago.
I have two sets of questions.
First of all, on cash versus accrual, you've given a reasonable explanation. Maybe for the benefit of other committee members and others who might be watching on television, could you explain the reason for cash when it comes to the estimates and supply process? For some people it's still jarring to think that when it comes to budgeting and reporting, it's on an accrual basis. For this other process of estimates and supply, why is it on a cash basis? What are the benefits of cash accounting?