Fiscal conservatism the rise of the socialist Co-operative Commonwealth Federation (CCF) pushed the Liberal Party to create and expand the welfare state before and after World War II. Fiscal conservatism in Canada is generally referred to as Blue Toryism when it is present within the Conservative Party of Canada. In Alberta, fiscal conservatism is represented by the United Conservative Party. In Ontario, fiscal conservatism is represented by the Progressive Conservative Party of Ontario. Fiscal conservatism Fiscal conservatism (also economic conservatism or conservative economics) is a political-economic philosophy regarding fiscal policy and fiscal responsibility advocating low taxes, reduced government spending and minimal government
Financial statement in the UK, for example, auditors have unlimited liability. In the United States, especially in the post-Enron era there has been substantial concern about the accuracy of financial statements. Corporate officers—the chief executive officer (CEO) and chief financial officer (CFO)—are personally responsible for fair financial reporting that provides an accurate sense of the organization to those reading the report. Different countries have developed their own accounting principles over time, making international comparisons of companies difficult. To ensure uniformity and comparability between financial statements prepared by different companies, a set of guidelines and rules are used. Commonly referred to as Generally