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1. 1 PSAB Accounting Standards Development and Update FMI Professional Development Week 2007
2. 2 Agenda PSAB – What it is and What it does
Purpose of Financial Reporting
Performance Reporting
Scope of Applicability (Government organizations)
Financial instruments
Government transfers
Tax revenue
TCA condition assessments
Indicators of financial condition
3. 3 Structure of Standard Setting
4. 4 Public Sector Accounting Board - What it is & What it does Serves public interest by setting standards and providing guidance for government financial and other performance reports
Volunteers – individuals chosen for their knowledge, experience and judgment
Representative of all levels of government
5. 5 Context – PSAB’s “Due Process”