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Summary Comparison – PSAB’s Proposals for a Revised Reporting Model and IPSASB’s Existing Reporting Model

  • PSAS - PSAB Image

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:



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.

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.