Section PS 2130 - Measurement uncertainty
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Effective date: |
April 1, 2005. Earlier adoption is encouraged. |
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Published by the PSAB: |
February 2005 |
Overview
This Section establishes disclosure standards for measurement uncertainty arising from items recognized or disclosed in financial statements.
When a material change in an amount that is recognized or disclosed is reasonably possible in the near term, the notes to the financial statements would provide information about the nature and extent of uncertainty. The nature of measurement uncertainty that is material should be disclosed. The extent of measurement uncertainty that is material should be disclosed when it is reasonably possible that the amount could change by a material amount in the near term.
History of Section PS 2130
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Date |
Development |
Comments |
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February 2005 |
New Section |
This new Section establishes disclosure standards relating to measurement uncertainty in public sector financial statements. This Section applies for fiscal years beginning on or after April 1, 2005. Earlier adoption is encouraged. |
Note: The above summary does not include details of consequential amendments made as the result of other projects.
