PSAB has provided two opportunities to comment and the input GFOABC members provide could inform a response. The international strategy will impact the accounting standards that apply to all local governments. The Government Not-for-Profits Concultation may be applicable to local governments that have NPO subsidiaries.
1. International Public Accounting Standards
Public Sector Accounting Board (PSAB) welcomes comments from individuals, governments and organizations on all aspects of its Consultation Paper 2, Reviewing PSAB’s Approach to International Public Sector Accounting Standards.
2. Government Not-For-Profit Consultation
PSAB also welcomes comments from GNFPOs, individuals, governments and other organizations on all aspects of its Government Not-For-Profit Consultation Paper.
DEADLINE: Comments to PSAB must be received by September 30, 2019