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Public Sector Accounting Minute

Public Sector Accounting Minute

In this latest edition, we are excited to share our views on a number of projects and topics that will shape the accounting standards we follow for years to come.

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The Public Sector Accounting Minute, December 2017 Edition highlights recent developments on a few of PSAB’s most high profile projects as well as recent topics coming out of the Public Sector Accounting Discussion Group.

PSAB’s 2017-20 strategic plan focused on an objective which noted: “Credible and transparent financial reporting and the systems upon which they are based are in the public interest and are paramount to improving information for assessing those entities’ accountability for their decision-making and policy choices.” Amongst the strategies to achieve this objective is developing standards that support public interest considerations. PSAB has been extremely busy towards this end.

<p>© 2018 KPMG, a group of Bermuda limited liability companies which are member firms of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.</p> <p>KPMG International Cooperative (“KPMG International”) is a Swiss entity. &nbsp;Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.</p> <p>&nbsp;</p>

The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

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