I will begin answering the question, and then Mr. Rochon may want to add something.
Thank you for that question, which concerns accounting standards. Nearly every country has its own public sector standards in this area.
That being said, they're not that different.
All these countries are using accrual accounting. I'll come back to one exception in a second.
The United States has its own set of rules. Canada has its own set of rules.
Some of these countries have gone to international accounting standards for the public sector, which is a relatively young set of standards. If you were to compare it to the private sector, the private sector moved to an international set of accounting standards in 2011. The public sector is behind. The international standards are not as mature as the private sector.