Government Transfers - PSAB

Date recorded:

At its meeting on June 16-17, 2016, the PSAB considered issuing an accounting guideline to clarify interpretations of Section PS 3410, Government Transfers. After considerable deliberation, PSAB concluded that Section PS 3410 is a principles-based standard. On balance, it meets the original public interest objectives. Issuing an accounting guideline would not be the right approach because it could be perceived as overriding due process. Given the other priorities of PSAB, it was decided that it would not be appropriate to initiate a new project to amend Section PS 3410. PSAB plans to communicate considerations that led to this conclusion shortly.

Review the executive summary on the PSAB's Web site.

Correction list for hyphenation

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