Canadian Best Practice

Canadian Best Practice

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The GFOA Committee on Canadian Issues (CCI) conducts ongoing reviews of GFOA Best Practices to determine their applicability to Canadian governments. To date, the following Best Practices related to accounting, auditing, and financial reporting; budgeting and fiscal policy; treasury and investment management; debt management; and retirement and benefits adminsitration have been found to be relevant to Canadian governments. The date of each Best Practice title reflects the date of CCI approval.

 Canadian best practices that have been translated to French.

125 Documents

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Purchasing Card Programs

Best Practice
February 2012

The Government Finance Officers Association (GFOA) recommends that governments explore the use of purchasing cards to improve the efficiency of their purchasing procedures. A
competitive process should be used to select a purchasing card provider. Consideration should be given to vendors who can provide:

Use of Derivatives and Structured Investments by Governments for Non-Pension Fund Investment Portfolios

Advisory
February 2012

The Government Finance Officers Association (GFOA) advises government finance officers to exercise extreme caution in the use of derivatives and structured finance products. Governmental entities must learn about and understand the potential risks and rewards of derivative and structured products, before deciding if they should be used.

Incorporating Environmentally Responsible Practices in the Capital Improvement Program

Best Practice
May 2011

The Government Finance Officers Association (GFOA) recommends that finance officers evaluate both the financial and non financial impacts of a project including environmentally-responsible measures that impact the jurisdiction in the long term as well as the local, regional, and global environment, changes to resource use and efficiency, and oth


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