Assets, liabilities, revenues and expenditures are managed to optimize cash flows and minimize capital costs. Information and Advice . Timely and reliable advice is available to managers at all levels to support their financial management responsibilities. . Relevant and reliable financial management reports support the decision-making, accountability and control needs of departmental managers. . Timely, accurate and consistent information is available to managers for financial management. .
Financial information is an integral part of program management information systems. .
Parliamentary and central agency information requirements are consistently met. All legislation, regulations and executive orders applicable to financial management are complied with, and spending limits are observed. . Taking materiality, sensitivity and risk into account, there is an adequate system of internal control over assets, liabilities, revenues and expenditures. . The organization's program structure is supported by a complete and reliable set of accounting records which meets departmental and government-wide requirements. Managers at all levels are aware of their financial management responsibilities and have the training and resources to fulfil them. .