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The Public Sector Accounting Board (PSAB) is currently seeking members for its Asset Retirement Obligations Task Force. This Task Force will develop a public sector standard addressing accounting and financial reporting issues relating to asset retirement obligations. While the work of other standard setters will serve as a resource, the Task Force will deliberate on the appropriate reporting for public sector entities of asset retirement obligations. The Task Force will consider matters such as: - when a liability should be recorded;
- how the liability should be measured;
- how the debit should be accounted for; and
- what should be the appropriate presentation and disclosure for an asset retirement obligation.
Read the Asset Retirement Obligations project page for more information. Who We’re Looking For 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. 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: - preparers and auditors from both the senior and local government levels;
- preparers and auditors of government organizations applying public sector reporting standards; 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. Selection criteria The following criteria will be applied to select 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.
Time Commitment 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) for preparation and meeting time. Task Force members normally meet in person in Toronto and by conference call at various stages throughout the project. The initial Task Force meeting is anticipated to be scheduled in spring of 2012. How to Apply To apply to become a member of the Task Force, send a current resume to jim.keates@cica.ca by February 24, 2012. About the Public Sector Accounting Board (PSAB) PSAB was created to serve the public interest by establishing accounting standards and providing guidance for financial and other performance information reported by the public sector. Final standards are issued in the CICA Public Sector Accounting Handbook. |
