Annual Improvements 2019-2020 – PSAB
Date recorded:
At its meeting on December 12-13, 2019, the PSAB approved the Exposure Draft, “2019-2020 Annual Improvements to Public Sector Accounting Standards.” The Exposure Draft reflects proposed amendments to:
- clarify transitional provisions for consequential amendments;
- update disclosure requirements in individual standards relating to contractual rights; and
- replace the term “contingency” with “contingent assets and contingent liabilities”.
The Board will issue the Exposure Draft in January 2020, with a 60-day comment period.
Review the executive summary on the PSAB's Web site.