Description: Critics and citizens alike have long decried the lofty election promises politicians make during election campaigns. But now the Liberal government of the tiny Canadian province of New Brunswick appears to be trying to change this dynamic by proposing a law requiring political parties to cost their election platforms. Violators would be punished by being forced to suspend their campaign advertising. Of course one thing users might note is that there is no audit provision in the proposed legislation.
Date: March 29, 2017
1) What do you think of the idea of forcing politicians to cost election promises? Will it work?
2) What might be some of the techniques an accountant could use to cost election promises?
3) What are some of the issues that might emerge if the information is not audited?