Public Sector Accounting Standards update for public sector entities.
Is your organization prepared for the upcoming changes to Public Sector Accounting Standards (“PSAS”)?
Are you ready to disclose related party transactions in accordance with PS2200? Do you know how PS3210 will change your organization’s definition of an asset?
PSAS changes are here and will impact all public sector entities. Ongoing PSAB projects to develop accounting standards for revenues, asset retirement obligations, and public private partnerships will significantly influence public sector reporting for many years to come.
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