What is a policy TBS?
The Treasury Board Policy Suite is the collection of mandatory policy instruments which contain rules for management in the federal public service. The policy instruments are approved by the Treasury Board and administered by the Treasury Board Secretariat (TBS).
What are the 4 principles of financial management for the Canadian government?
The Government of Canada defines four fundamental principles of financial management: value for money, accountability, transparency and risk management.
Who is accountable for account verification?
Treasury Board policy states that the responsibility for the system of account verification and related financial controls rests ultimately with officers who are delegated payment authority pursuant to Section 33 of the FAA .
What are the 3 principles of government contracting?
Government contracting shall be conducted in a manner that will:
- stand the test of public scrutiny in matters of prudence and probity, facilitate access, encourage competition, and reflect fairness in the spending of public funds;
- ensure the pre-eminence of operational requirements;