COVID-19 and Application of Public Sector Accounting Standards
Aug 28, 2020
On August 28, 2020, the Public Sector Accounting Board (PSAB) released a publication on the application of PSAS to COVID-19-related financial reporting issues.
The COVID-19 pandemic significantly affected governments, businesses, and the public globally. Government responses and the COVID-19-related financial and economic consequences will need to be considered in financial reporting of public sector organizations.
Review the non-authoritative guidance on the PSAB's website.