This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice ( for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

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:

  1. clarify transitional provisions for consequential amendments;
  2. update disclosure requirements in individual standards relating to contractual rights; and
  3. 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.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.