Revised Reporting Model – PSAB
Date recorded:
At its meeting on February 22, 2023, the PSAB reviewed the feedback and the Concepts Underlying Financial Performance Task Force’s recommendations related to: (i) disclosing non-compliance with financial authorities; (ii) disclosing risks and uncertainties; (iii) the illustrative financial statements; and (iv) other miscellaneous comments. The final version of Section PS 1202, Financial Statement Presentation, the accompanying Basis for Conclusions, and the related consequential amendments will be presented to the Board for review and approval at the March 2023 meeting.
Review the Executive Summary on the PSAB's Web site.