David Allen

    LIVING WATER SMART IN BRITISH COLUMBIA: “Nature and natural assets are now part of the mix for local government asset management. This represents a huge shift in thinking because we have always treated nature as an externality in our economic system,” stated David Allen, Asset Management BC (October 2022)

    “The old way of thinking comes to mind when we look at what the Public Sector Accounting Board has in mind when it talks about including natural assets in PSAB 3150.. My suggestion is practical and straightforward. Just do what the Town of Gibsons did in 2014. They included an accountant’s note in the Financial Statement that refers to natural assets. That is all you need. An auditor’s note is an appropriate form of recognition and can be accompanied by reference to a separate report specific to natural assets,” stated David Allen

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