Basis for Conclusions, Financial Instruments – Narrow Scope Amendments

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Mar 31, 2020

On March 31, 2020, the Public Sector Accounting Board (PSAB) released the Basis for Conclusion, which describes the Board’s amendments to Section PS 3450, Financial instruments.

This includes changes to the accounting treatment of bond repurchase transactions, clarification of transitional provisions, and other minor improvements.

Review the Basis for Conclusion on the PSAB's website.

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