COVID-19 and Application of Public Sector Accounting Standards (PSAS)

The Public Sector Accounting Standards Board (PSAB) has issued this publication to provide non-authoritative guidance to public sector entities in the form of a plain and simple discussion on how they can apply PSAS to financial reporting issues that arise as a result of the COVID-19 pandemic. Content includes, among others, a discussion on: going concern, government transfers, impairment, guarantees, measurement uncertainty, retirement benefits, risk disclosures, and subsequent events.

COVID-19 and Application of Public Sector Accounting Standards (PSAS)