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Public Sector Accounting Considerations Related to COVID-19

Published on: Apr 24, 2020

The purpose of this document is to highlight some key issues that public sector entities should consider in the preparation of their financial statements prepared in accordance with Canadian Public Sector Accounting Standards (PSAS) for years ending on or after December 31, 2019. This accounting update also emphasizes considerations to be contemplated by public sector entities with respect to its internal control environment. It does not address management or risk reporting that will also need to be considered.

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