Post-implementation Review: Section PS 3410, Government Transfers
This post-implementation review of Section PS 3410, Government Transfers, will help the Public Sector Accounting Board (PSAB) assess any implementation challenges encountered by stakeholders, and the nature, extent and cause of any ongoing issues.
This is the first post-implementation review undertaken by PSAB. Such reviews consider whether the standard has been implemented and achieved the intended objectives.
PSAB Matters Article – Staying the Course on Government Transfers
August 26, 2016. This article discusses our rationale to stay the course on Section PS 3410, Government Transfers.
PSAB Decision Summary – June 16-17, 2016
PSAB considered issuing an accounting guideline to clarify interpretations of Section PS 3410, Government Transfers. After considerable deliberation, PSAB concluded that Section PS 3410 is a principles-based standard. On balance, it meets the original public interest objectives. Issuing an accounting guideline would not be the right approach because it could be perceived as overriding due process. Given the other priorities of PSAB, it was decided that it would not be appropriate to initiate a new project to amend Section PS 3410. PSAB plans to communicate considerations that led to this conclusion shortly.
Feedback Statement – Post-implementation Review: Section PS 3410
April 22, 2016. This document summarizes the findings of PSAB’s Post-implementation Review.
PSAB Decision Summary – March 23-24, 2016
PSAB approved a feedback statement on the Post-implementation Review of Section PS 3410. In response to its findings, PSAB will explore whether an authoritative accounting guideline would help clarify interpretations of the standard.
PSAB Decision Summary – December 14-15, 2015
PSAB reviewed a draft feedback statement on the Post-implementation Review of Section PS 3410 and discussed next steps. The Board plans to continue the discussion on next steps and finalize the feedback statement at its March 2016 meeting.
PSAB Decision Summary – September 17-18, 2015
PSAB considered preliminary results of the post-implementation review of Section PS 3410, Government Transfers. PSAB also discussed the options of next steps and requested staff to prepare an options paper for its consideration at the December 2015 meeting.
PSAB Decision Summary – June 18-19, 2015
PSAB received a staff presentation on the common variables in government transfers and how Section PS 3410, Government Transfers, addresses them. The purpose of this education session was to prepare PSAB for its consideration of the responses to the Request for Information regarding the post-implementation review in September 2015.
PSAB considered whether Section PS 3410 should be amended to clarify the issue of appropriation authority. PSAB discussed the issue and will consider the appropriate next steps at a future meeting.
Request for Information – Post-Implementation Review: Section PS 3410, Government Transfers
November 3, 2014. PSAB has issued a Request for Information to gather information about stakeholders’ experience in the implementation and ongoing application of Section PS 3410. Stakeholders are encouraged to submit their responses, on the form provided, by May 15, 2015.
PSAB Decision Summary – September 15-16, 2014
PSAB approved a post-implementation review document to be published for public comment. The objective is to gather evidence to inform PSAB how Section 3410, Government Transfers, is being implemented. PSAB will deliberate on the findings of the review to consider the appropriate next steps.
PSAB Decision Summary – June 16-17, 2014
PSAB approved a project proposal on a post-implementation review of Section PS 3410, Government Transfers. The review is intended to help PSAB assess the nature, extent and cause of issues raised by stakeholders regarding the interpretations and applications of the standard. It will also inform PSAB of any implementation challenges and effects of the standard, as well as areas for improvement.
Disclaimer: This project summary has been prepared for information purposes only. Decisions reported are tentative and reflect only the current status of discussions on this project, which may change after further Board deliberations. Decisions to publish Handbook material are final only after a formal ballot process.