This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice (http://www2.deloitte.com/ca/en/legal/cookies.html) for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

PSAB In Brief — Statement of Principles, “A Revised Reporting Model for the Canadian Public Sector”

  • PSAS - PSAB Image

Sep 12, 2018

On September 12, 2018, the Public Sector Accounting Board (PSAB) released an overview of the key amendments to the reporting model proposed in the Statement of Principles, “A Revised Reporting Model for the Canadian Public Sector”. It also presents background information about PSAB’s Concepts Underlying Financial Performance project.

So we are making changes through the following actions:

  1. Issuing a revised conceptual framework to replace two Sections in the CPA Canada Public Sector Accounting (PSA) Handbook:
    1. PS 1000, Financial Statement Concepts
    2. PS 1100, Financial Statement Objectives
  2. Issuing a revised financial statement presentation standard that would replace Section PS 1201, Financial Statement Presentation.

Proposals for a revised conceptual framework are included in the Statement of Concepts, “A Revised Conceptual Framework for the Canadian Public Sector .”

Review the publication on the PSAB's website.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.