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.

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:

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.

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.