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PSAB is currently seeking members to appoint to the Assets Task Force. The Task Force will develop public sector accounting standards for assets, contingent assets and contractual rights, based on the current definition of assets in PS 1000, Financial Statement Concepts (and similar to the approach taken in Sections PS 3200, Liabilities, PS 3300, Contingent Liabilities, and PS 3390, Contractual Obligations). Further information on this project can be found by clicking here. PSAB is looking for experienced individuals with vision, an understanding of public sector accounting concepts and financial reporting issues, and the ability to anticipate the implications of this proposed standard. This demanding, but professionally rewarding volunteer role, involves a time commitment of approximately 100 to 150 hours over the life of the project (about two years) of preparation and meeting time. A Task Force normally meets in person in Toronto at various stages throughout the project and by conference call. It is expected that the first Task Force meeting will be held in late 2009/early 2010. PSAB intends to appoint Task Force members who bring the perspective of a preparer and an auditor of government financial statements from both the senior and local government levels; a government official with a budgeting background; an academic and other experts who have direct experience or interest in the subjects of this project. Task Force members serve as individuals, not as representative of their governments or organizations. - Task Force members will be selected based on the following criteria:
- commitment to PSAB objectives;
- technical knowledge;
- ability to consider the practical aspects of issues being considered;
- ability to build consensus and influence adoption of the standard; and
- an overall balance of different backgrounds, perspectives and geographic representation.
PSAB contributes to better decision-making and accountability by improving the quality of financial information reported by Canadian public sector organizations. PSAB serves the public interest by developing and establishing standards and other guidance governing accounting and financial reporting domestically, and by contributing to the development of internationally accepted standards. Further information about PSAB is available at www.psab-ccsp.ca. If you are interested in becoming a Task Force member for this project, know of someone who might be, or wish further information, please contact Tim Beauchamp, Director, Public Sector Accounting at tim.beauchamp@cica.ca or 416 204 3286. Interested individuals should send a two-page summary of their relevant background to tim.beauchamp@cica.ca by July 31, 2009. |