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PSAB - Concepts Underlying Financial Performance - Conceptual Framework Fundamentals and the Reporting Model [Completed]

Comment period ended on August 31, 2015.

Proposed effective date:

Not yet specified

Published by PSAB :

December 2015

Last updated :

June 2017


The issue of the CP is the third phase of the PSAB project on Concepts Underlying Financial Performance.  See separate Project item

The CP proposes a new reporting model and draft principles on public sector characteristics, financial statement objectives, qualitative characteristics, elements, recognition, measurement and presentation.

Other developments

March 2015

On March 11, 2015, the PSAB’s Conceptual Framework Task Force issued a third Consultation Paper (CP), entitled Conceptual Framework Fundamentals and the Reporting Model

Correction list for hyphenation

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