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Financial management policies cover financial management governance, planning, budgeting, monitoring and reporting, internal controls, accounting, financial systems, transfer payments, costing and user fees. Responsibility for these policies includes maintaining existing policy instruments, developing new instruments, rescinding obsolete instruments, developing guidance and communications products, and working with the Department of Justice Canada to ensure that legislation and regulations relating to financial management are interpreted consistently. These tasks are achieved through the following means.


  • Government requirements for sound and effective financial management controls are reviewed and compared to existing financial management policy instruments and legislation to determine whether the policy instruments or legislation need to be updated to better reflect the government’s needs in this area. In situations where policy instruments or legislation need to be updated or modified, a more detailed analysis is required to determine which controls and requirements need to be changed, consultations are held with departments on specific options for the new requirements, and the new requirements are explained to the President, the Treasury Board and possibly the Cabinet, which have the authority to approve policy instruments and make legislative proposals to Parliament.
  • Actual department situations are examined to interpret how the specific requirements of Treasury Board financial management policy instruments apply to these situations. This involves responding to questions from departments on applying financial management policy instruments to their specific situations.


  • Requests for interpretation and clarification from departments, and requests from program sectors within the Treasury Board of Canada Secretariat, relating to potential Treasury Board submissions.
  • The implementation of policy instruments through such means as surveys, including the Management Accountability Framework process, and departmental consultations. Includes review of the audit observations of the Auditor General of Canada, parliamentary committee reports, published financial reports, and other government information relating to financial management policy issues.
  • Developments, changing risks, and emerging technologies and trends in fields such as financial management, accounting, costing, systems, both within Canada and internationally.


  • Update and development of policy instruments, which includes consulting with departments and preparing for the approval of the policy instruments. May mean approval within the Secretariat or the Office of the Comptroller General, or approval by the President of the Treasury Board, the Treasury Board, or Parliament, depending on the nature of the legislative or policy instrument.
  • Major projects and initiatives that have implications for financial policy, such as Public Works and Government Services Canada’s Shared Travel Services.
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