Western Economic Diversification Canada
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Management Response and Action Plan (February 2012)

Recommendation Action Plan Responsibility Expected Completion Date
The department should develop concise asset procedures in order to provide greater clarity and consistency to asset capitalization and amortization practices. While the department adheres to Treasury Board’s accounting standards, we will review  asset capitalization processes to ensure clarity and consistency is achieved throughout the department. Chief Financial Officer April 30, 2012
The department should develop an appropriate asset management system to manage and reconcile attractive items below the $10,000 capitalization threshold. The department will assess the feasibility of developing an asset management system to reconcile attractive items below the $10,000 threshold,subject to materiality considerations and degree of risk. Chief Financial Officer August 31, 2012