Office of the Chief Financial Officer

Financial statements and related documents

The Office of the Chief Financial Officer of Global Affairs Canada prepares the financial statements of the Department.

The financial statements are prepared on an annual basis as of March 31st following guidelines in the Directive on Accounting Standards: GC 4500 Departmental Financial Statements. This was developed using the recommendations of the Public Sector Accounting Board (PSAB) of the Canadian Institute of Chartered Accountants (CICA).

The objectives of the general-purpose financial statements are to provide an accounting of the Department's administration of its public financial affairs and resources. It is for a variety of users both within the government and external to it and is meant to serve all of their different needs.

The primary focus of the financial statements is geared towards external readers as they do not have access to the Departments specialized financial reports.  Additional information on the Department's performance is available within our departmental results reports.

Financial statements

Previous reports

Future-oriented financial statements

Previous reports

Quarterly financial reports

The Financial Administration Act requires that departments publish a quarterly financial report in accordance with Treasury Board’s Accounting Standard 1.3 – Departmental and Agency Quarterly Financial Report, for the first three quarters of each fiscal year, starting April 1, 2011.

The Financial Administration Act was amended when Bill C-51 (the Economic Recovery Act) received Royal Assent in 2009. The Financial Administration Act requires that quarterly financial reports be published within 60 days after the end of the fiscal quarter to which the report relates.

The Government of Canada is pursuing its commitment to improve accountability and increase transparency at all levels of Government. The introduction of Quarterly financial reports complements other financial information that is currently provided by the Government, such as departmental performance reports and the Public Accounts of Canada. Quarterly financial reporting ensures that parliamentarians and Canadians are provided with enhanced information on Government spending on a timely basis.


Previous reports










Supplementary data on budget 2012 implementation

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