The Asset Retirement Obligations Task Force supports PSAB’s project to develop a new accounting standard that addresses the reporting of legal obligations associated with the retirement of tangible capital assets.
The Concepts Underlying Financial Performance Task Force supports PSAB’s project to review the conceptual framework in Sections PS 1000, Financial Statement Concepts, and PS 1100, Financial Statement Objectives, with a focus on measuring the financial performance of public sector entities.
The Employment Benefits Advisory Group reviews and provides comment on draft documents that will be issued for public comment prior to their finalization on the subject of employment benefit standards. In addition, the Group’s advice will be sought on issues the Employment Benefits Task Force, PSAB or PSAB staff members would like to have additional input on for developing proposals and formulating positions.
The Employment Benefits Task Force supports PSAB’s project to review Section PS 3250, Retirement Benefits, and Section PS 3255, Post-employment Benefits, Compensated Absences and Termination Benefits.
The Public Private Partnerships Task Force supports PSAB’s project to develop authoritative guidance specific to public private partnerships.
The Public Sector Accounting Discussion Group assists PSAB regarding issues arising on the application of the CPA Canada Public Sector Accounting Handbook. The Group also assists with other issues of concern with respect to public sector financial reporting, including emerging issues and any issues on which PSAB seeks advice.
The Revenues Task Force supports PSAB’s project to develop revenue recognition principles that apply to revenues of governments and government organizations other than government transfers and tax revenue.