Case Study
Case Study: District of of Squamish
Correcting Historical
Errors in Tangible Capital
Asset Data
Improved Asset Management
With modern Asset Management software and advisory support, the District corrected TCA data errors, enhancing practices and financial reporting accuracy.
Enhanced Financial Accuracy
The correction of historical errors in the TCA register led to a $15 million reduction in overstated values, enhancing the District's financial accuracy and stakeholder confidence.
Stronger Foundation for Growth
With a more robust and reliable Asset Management system in place, the District is better prepared to meet new standards such as PS 3280, the Asset Retirement Obligation (ARO) standard.
The District of Squamish uncovered a $15 million discrepancy in their records caused by inaccurate asset data. By adopting modern Asset Management software and partnering with external advisory services, they resolved the errors and achieved greater accuracy in their financial reports. Read the case study to discover how their proactive approach improved data integrity and ensured financial transparency.
I couldnt find a quote, maybe we won’t need this section?
