Public Sector Accounting Standards

Asset Retirement Obligations

Summary

A new accounting standard that addresses the reporting of legal obligations associated with the retirement of tangible capital assets is required.

Staff Contact(s)

Joanna Chrzanowski, CPA, CA

Principal, Public Sector Accounting Board

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.