Summary Comparison – PSAB’s Proposals for a Revised Reporting Model and IPSASB’s Existing Reporting Model
Sep 19, 2018
On September 19, 2018, the Public Sector Accounting Board (PSAB) released a Summary Comparison that provides an overview of the differences between PSAB’s proposals for a revised reporting model and IPSASB’s existing reporting model.
Here's a summary of the differences:
|
Subject |
Comparison |
|
Statement of financial position |
Minor Differences Noted |
|
Statement of surplus or deficit |
Minor Differences Noted |
|
Statement of changes in net assets or net liabilities |
Similar / Consistent |
|
Statement of cash flow |
Minor Differences Noted |
|
Statement of net debt or net financial assets |
Minor Differences Noted |
|
Presentation of the approved budget |
Difference Noted |
|
Reporting non-compliance with legislative authorities |
Minor Differences Noted |
|
Reporting risks and uncertainties associated with the entity |
Similar / Consistent |
Review the Summary Comparison on the PSAB's website.