Public Sector Accounting Considerations Related to COVID-19
Published on:
Apr 24, 2020
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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.
Related Topics
- Section PS 1201 - Financial statement presentation
- Section PS 2130 - Measurement uncertainty
- Section PS 2400 - Subsequent events
- Section PS 3050 - Loans receivable
- Section PS 3070 - Investments in government business enterprises
- Section PS 3150 - Tangible capital assets
- Section PS 3250 - Retirement benefits
- Section PS 3450 - Financial instruments
