Start date:
End date:
Location: Toronto
In March 2021, Public Sector Accounting Board (PSAB) released an executive summary of discussions and decisions with respect to the topics addressed at this meeting.
The following was discussed at the meeting:
Other Matters
Review the executive summary on the PSAB's Web site.
At its meeting on March 9, 2021, the PSAB reviewed the significant feedback received from stakeholders on the Exposure Draft, “Proposal to Modify the Canadian GAAP Hierarchy,” relating to Section PS 1150, Generally Accepted Accounting Principles. The Board deliberated and approved an amendment to the Section to address stakeholder concerns. The rationale was outlined in the Basis for Conclusions document approved at the meeting. The amendment is applicable for fiscal years beginning on or after April 1, 2021.These amendments will be reflected in the April 2021 update of the Public Sector Accounting Handbook.
At its meeting on March 9, 2021, the PSAB reviewed the significant feedback received from stakeholders on the Exposure Draft, “Proposal to Modify the Canadian GAAP Hierarchy,” relating to Section PS 1150, Generally Accepted Accounting Principles. The Board deliberated and approved an amendment to the Section to address stakeholder concerns. The rationale was outlined in the Basis for Conclusions document approved at the meeting. The amendment is applicable for fiscal years beginning on or after April 1, 2021.These amendments will be reflected in the April 2021 update of the Public Sector Accounting Handbook.
Review the executive summary on the PSAB's Web site.