Ontario government disputes auditor general's accounting methods

0
99

TORONTO - Ontario's Liberal government is in a spat with the auditor general over accounting practices that would affect the province's deficit by $1.5 billion.

Auditor general Bonnie Lysyk's office and public-sector accountants disagree about how pension numbers should appear on the books. Under her interpretation, Ontario's deficit for 2015-16 was $5 billion, but under the government's accounting the deficit would be $3.5 billion.

Read the full article...