Thank you Mr. O'Brien. Mr. Chairman. A concern from last years report related to the governments information systems, ... (inaudible) ... concerned that many of systems, Members were concerned that many of our systems were out of date and did not adequately help with bureaucracy. Three Members agree that the governments information systems should allow the Members to measure results not just processes.

Mr. ... (inaudible) ... agreed that many of our systems were geared to process reporting rather than results reporting, and that the governments informatics strategy was designed in part to change that. Members also discussed a group meeting to identify government assets and liabilities prior to division. This in turn is related to a concern from last year's report on evaluation of fixed assets. Traditionally assets such as buildings and land are represented on the governments books as having a nominal value. Typically $1000, or $1.

The Auditor General recommended last year that this practice be brought up to date in accordance with recommendations made in 1986 by the public sector accounting and auditing board of the Canadian Institute of Chartered Accountants. By valuing assets at their true worth, Members agreed that the government should move quickly on this issue, and that the assistance of the office of the Auditor General be sought by identifying assets and liabilities prior to division. Mr. Chairman, I move that the standing committee recommends that the government immediately begin valuing fixed assets in accordance with the recommendations of the public sector accounting and auditing board of the Canadian Institute of Chartered Accountants, and is recommended by the Auditor General in his report for the year ended March 31, 1994.