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PSAB Conceptual Framework Discussion
As mentioned in previous newsletters, PSAB has issued an Exposure Draft with a proposed conceptual framework along with an Exposure Draft for a new financial reporting model. MFOA has worked with our Accounting and Financial Reporting Committee to review the exposure drafts, identify areas of concern, and draft a response to PSAB on both Exposure Drafts.
MFOA would like to share our
with municipal finance staff, discussing key areas of concern, and inform municipal treasurers on how they can communicate their support for the response with PSAB.
Please see the links below for the PSAB documents:
Exposure Draft - The Conceptual Framework for Financial Reporting
Exposure Draft - Financial Statement Presentation, Proposed Section PS 1202
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