As somewhat of an accountant—I'm more of a finance person—I know that in accounting there is rules-based and principles-based accounting. With this type of legislation, is it better to go rules-based or principles-based?
October 19th, 2023 / 3:55 p.m.
Liberal
Francesco Sorbara Liberal Vaughan—Woodbridge, ON
As somewhat of an accountant—I'm more of a finance person—I know that in accounting there is rules-based and principles-based accounting. With this type of legislation, is it better to go rules-based or principles-based?
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