What we essentially have now is standardized reporting. This has made the audit function actually more standardized as well. This has created more competition among the audit houses. This is creating a good result. We expect that this will make comparisons easier. It will make reporting easier. It will make the audit function more straightforward. Presumably, the layman will be able to cotton on to what all this reporting actually means, with a little bit of study.
Evidence of meeting #43 for Indigenous and Northern Affairs in the 41st Parliament, 1st session. (The original version is on Parliament’s site, as are the minutes.) The winning word was public.
A video is available from Parliament.