Core Policy & Procedures Manual: Standards Summaries

Standards are formalized operational or technical measures, requirements or practices that provide detailed information for the application of a related policy instrument (policy, directive, procedure).

Standards

Asset Retirement Obligations

Supports public sector entities on how to account for and report legal obligations relating to the retirement of tangible capital assets (Asset Management Policy, Tangible Capital Assets Procedure).

Internal Control Framework

Provides an overview of the B.C. Internal Control Framework and supplements concepts, responsibilities and policies discussed in General and Financial Management Policy.

Present Value Technique

Use and application of present value techniques in accounting for past events and transactions within the government’s reporting entity (Financial Reporting Procedure).

Procurement (government access only)

Provides direction and best practice information on the application of Procurement Policy.