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Cost Management - Mr Richard Monk

The largest, and the most complex organisation in Canada is the Government of Canada, says Mr Richard Monk, Chairman, CMA (Certified Management Accountants) Canada. “It makes over $200 billion in expenditures annually, manages a workforce of some 4,50,000 people, and provides some 1,600 different programs and services across Canada and around the globe”
Such sheer size and complexity create significant challenges to comptrollership, financial management and accountability, he adds, during the course of a recent e-mail interaction with Business Line.

CMA has ‘more than 37,000 CMAs and 10,000 CMA students,’ as informs. And as the new chief of the body, when Mr Monk spoke of his priorities in the latest issue of, first came the aligning of ‘major governance initiatives,’ and second, the continuing ‘to cultivate relationships with international associations with similar values and services to those of CMA Canada.’

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Santosh Puthran
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