In Brief and Podcast – Asset Retirement Obligations, Section PS 3280

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Oct 17, 2018

On October 17, 2018, the Public Sector Accounting Board (PSAB) published an overview and podcasts on the new standard on Asset Retirement Obligations which was issued in August 2018.

The In Brief addresses the accounting and reporting of legal obligations associated with the retirement of tangible capital assets

In the podcast, hear Kim MacPherson, Chair of PSAB’s Asset Retirement Obligations Task Force, give a plain and simple overview of this new standard via this easy-to-understand, four-minute podcast.

Section PS 3280 becomes effective on or after April 1, 2021.

Review the overview and podcast on the PSAB's website.

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