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PSAB - Amendments to the Introduction to the PSA Handbook [Completed]

Effective date:

Issued under date of December 2014.

Transitional provisions:

The amendments are issued under date of December 2014.

Last updated:

December 2014


The Introduction has been amended under date of December 2014 to:

  1. introduce the term public sector entity;
  2. define a government component;
  3. amend the definition of a government organization;
  4. include specific definitions of all types of government organizations and partnerships; and
  5. provide guidance as to the basis of accounting to be used by government components, organizations and partnerships, where the partnerships have two or more public sector entity partners.

Editorial changes have also been made in other standards as a consequence of the amendments to the Introduction.

Other developments

December 2014

On December 1, 2014, the PSAB issued a Basis for Conclusions document with respect to these amendments, which sets out how PSAB reached its conclusions. As well, it sets out significant matters arising from comments received in response to its ED and indicates how the Board dealt with the issues raised.

November 2014

On November 28, 2014, Filing Instruction No. 41 to the PSA Handbook was issued containing the amendments to the Introduction to the PSA Handbook approved by the PSAB at its meeting on September 15-16, 2014.

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.