The Vancouver School Board’s posting of it’s budget information and financial performance is not transparent…The Board of Trustees should provide better contextual and supporting information in their budget documents. This omission leads to misunderstanding and confusion.
The [VSB] should post all financial information together and provide adequate context and support to ensure greater transparency.
-Comptroller General Cheryl Wenezenki-Yolland – Report on the Vancouver School Board, June 2010.
“We are mindful that too much detail can obscure the informative value of the financial statements, that the cost of additional information should not be greater than the benefit received, and that to be useful, financial statements must be presented on a timely basis so that users have the benefit of reliable information that is relevant to their information needs,”
-Comptroller General Cheryl Wenezenki-Yolland, addressing the Auditor-General’s report on accounting practices used in the annual Provincial Budget, August 2010.