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PSAB is currently seeking members to appoint to the Revenues Task Force. This Task Force will develop a public sector accounting standard addressing accounting and financial reporting issues facing public sector entities reporting revenues. While the work of other standard setters will serve as a resource, PSAB has determined that specific issues need to be deliberated as public sector entities: - receive certain types of revenue derived from granting a right or privilege that only a government can authorize;
- levy fines and penalties under the authority of legislation; and
- often price goods or services with the aim of promoting access rather than to maximize economic returns.
For further information, read the Revenues project web page. 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 initial task force meeting will be scheduled in January or February of 2012. PSAB is seeking task force members who bring the variety of perspectives needed to explore the broad range of issues included in the project mandate. Specifically, it is expected that the Board will appoint as task force members: preparers and an auditor of government organizations applying public sector reporting standards; a preparer and an auditor from both the senior and local government levels; an academic; a member of the fiscal planning community; and other experts who have direct experience or interest in the subject of this project. Task force members serve as individuals, not as a representative of their government or organization. The following criteria will be applied in selecting the task force members: - commitment to PSAB objectives;
- technical knowledge;
- relevant experience;
- 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.
Expressions of interest, together with a current resume, should be submitted to bob.correll@cica.ca. |
