PSAB Issues Post-implementation Review of Section PS 3430 on Restructuring Transactions
Mar 27, 2024
On March 27, 2024, the Public Sector Accounting Board issued an assessment to seek feedback to identify critical issues specific to PSAB’s Section PS 3430, Restructuring Transactions.
This feedback will help the Board to evaluate if the standard meets its objectives and assess the nature and extent of the implementation challenges.
Section PS 3430 came into effect beginning on or after April 1, 2018, and based on PSAB’s Due Process Manual, and there is a two-year period before the Board decides if a post-implementation review (PIR) is needed.
PSAB assesses the need for a PIR on a case-by-case basis to determine the appropriate number of years before beginning a review and decides at its discretion.
The deadline for the feedback is May 24, 2024.
Access the news on the PSAB’s website.