New accounting and auditing standards plain language documents available

Canada’s financial reporting and assurance standards board staff recently launched In Brief, a new plain language document to support better awareness and understanding of technical topics and activities.

Staff of the Accounting Standards Board (AcSB), Public Sector Accounting Board (PSAB) and Auditing and Assurance Standards Board (AASB) will be releasing In Brief going forward on a regular basis.

In Briefs provide plain and simple overviews that aim to better support stakeholders as they navigate the technical world of standard setting. The documents will be short, high-level summaries on a variety of topics – from documents for comment currently seeking feedback to new projects approved.

Statement of Principles: Public Private Partnerships

The first In Brief issued focuses on the PSAB’s current Statement of Principles, Public Private Partnerships.

The Statement of Principles suggests new requirements for recognizing, measuring and classifying infrastructure procured through a private public partnership arrangement. In Brief takes readers through the key principles this document for comment proposes.

You are invited to read In Brief on PSAB’s Statement of Principles: Public Private Partnerships and comment on the document by October 17, 2017.

Contact

Daniella Girgenti
Communications Manager, Financial Reporting & Assurance Standards Canada
Tel: (416) 204-3482