PSAB's Proposed Reporting Model

We heard you! The Public Sector Accounting Board (PSAB) received input from over 100 respondents on its 2018 proposals for a revised reporting model.

The new Exposure Draft, “Financial Statement Presentation, Proposed Section PS 1202” considers the extensive stakeholder input received and represents what PSAB intends to issue in the CPA Canada Public Sector Accounting Handbook, subject to comments received.

The proposed reporting model builds on the reporting model in Section PS 1201, Financial Statement Presentation. Subject to comments and pending PSAB approval, new Section PS 1202 would replace existing Section PS 1201.

PSAB's proposals create the need for consequential amendments to various PSA Handbook Standards. The Exposure Draft, “Consequential Amendments Arising from the Financial Statement Presentation Standard, Proposed Section PS 1202” outlines these amendments.

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