Public Accounts committee  I'd just like to thank the Standing Committee on Public Accounts for inviting us. As I alluded to, this is an historic occasion for the Public Sector Accounting Board, our first time here. We'd certainly welcome another invitation.

Public Accounts committee  Thank you.

Public Accounts committee  Thank you. I think I counted about four questions there. Let me start with the accountability versus the accounting issue. Those are two different things. Accountability is a relationship set up by, in this case, someone providing funds and someone using funds. How that relation

Public Accounts committee  We would take the same approach as the Auditor General. If it is the government's policy to have terms and conditions or not have terms and conditions, it is not our role to act or not act on that. Our role is to account for what has transpired. So that is really outside our purv

Public Accounts committee  Thank you. I'm sorry, but I do not speak French. Therefore, all my remarks will be in English. Thank you for the invitation to appear before the Standing Committee on Public Accounts. This is a first for the Public Sector Accounting Board, so I beg the committee's indulgence.