Financial Statement Disclosures
By Stephanie Porter, Tim Duhamel
Financial statement disclosures provide information about a municipality’s financial operations. Learn how they are a key component of transparency in the municipal environment!
- Financial statement disclosures – what they are, why they are prepared and what level of detail should be included in your note disclosures
- Financial disclosures in depth review
- Financial disclosure requirements – disclosure checklist
- Annual vs. Interim disclosures
- Financial statement best practices – sample note disclosures provided
- Financial disclosures and the audit
- How full disclosure affects financial reporting
- No need to reinvent the wheel – sample note disclosures from other municipalities will be provided
PD Credits: 1.5
Updated: May 27, 2020
About the Author
Stephanie Porter is a Chartered Professional Accountant (CPA, CA) and
external auditor with Metrix Group LLP.
She has a passion for education and is a course developer and instructor for the University of Alberta in addition to her work at Bloom.
She is the lead Associate of curriculum development and instruction for Bloom’s reporting and audit stream.
About the Author
Tim Duhamel is the founder and President of Bloom Centre of
He is a municipal veteran whose career has spanned over 21 years.
His passion is creating educational material and conducting lectures for municipal professionals. He has lectured as far away as Kiev, Ukraine for the Federation of Canadian Municipalities.
Financial statements and note disclosures are designed to provide information to stakeholders. Learn about financial statement disclosure, what they are, why they are prepared and what level of detail should be included in your note disclosures.
Also covered: financial statement best practices, financial disclosure requirements, annual vs. interim disclosures, how full disclosure affects financial reporting, and understanding how auditors approach their work.
Learn how to leverage disclosures to streamline financial statement preparation
In depth review of all financial statement disclosures required for municipalities under Public Sector Accounting Standards and the Municipal Government Act
Supplementary checklist of disclosures required by Public Sector Accounting Standards and the Municipal Government Act
An overview of the disclosures in a condensed form of interim financial statements that are provided to Council and the public
Learn how to ensure you are providing the right information to support decision making
Learn how to utilize your financial statement disclosures to streamline the audit process
Understand the importance of robust financial statement disclosures on the reporting and accountability cycle
Disclosure example – sample note disclosures from other municipalities will be provided
Who Should Attend?
A unique professional development experience that has benefit for all municipal staff, including small, medium and large municipalities!
Elected officials, municipal executives, and financial officers should have a strong understanding of disclosures and their purpose.
BLOOM can customize courses for your needs.
Some topics include:
Questions? Get in touch…