Thank you very much, Chair.
I swore that I would never say those words “accrual accounting” again after the number of years we have been discussing this issue.
I'm certainly pleased, Mr. Ralston, to see that we have some acceptance. Whether it should be embraced completely, of course, is up in the air. I think we'll probably have a perennial tug-of-war between the OAG and the Comptroller General on this issue.
That having been stated, Mr. Ralston, perhaps you could give us some indication. Obviously there's significant cost to implement a system like this across the government. What other risks would be associated with implementing both accrual budgeting and appropriation?