The Public Sector Accounting Board (PSAB) adopted an annual improvements process to make minor improvements to the CPA Canada Public Sector Accounting (PSA) Handbook or Statements of Recommended Practices (other guidance).
The annual improvements process:
- clarifies standards or other guidance; or
- corrects relatively minor unintended consequences, conflicts or oversights.
Major or narrow-scope amendments to the standards or other guidance are not included in the annual improvements process.