Financial Instruments – Narrow Scope Amendments – PSAB

Date recorded:

At its meeting on April 27, 2020, the PSAB received an overview of the accounting proposals prepared by the Canadian Council of Comptrollers and reviewed recommendations from the Board’s Financial Instruments Subcommittee. The Board agreed to pursue the development of additional narrow-scope amendments to address the following topics:

  • presentation of the fair value of derivatives; 
  • presentation of certain foreign exchange gains/losses and changes in the fair value of associated derivatives; and 
  • accounting for rate-setting transactions

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

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