Accounting GuidanceCopyright
Standards Database
Accounting Standards Compliance Checklists
New Accounting Standards or Amendments
Standards Interpretations
The following guidance is provided for the convenience of OAG auditors. The content that is not produced by the OAG is available in the language in which it was published, and at times is not available in both Official Languages. Auditors can consult Audit Services at any time if they wish to seek assistance about any of these subjects. Audit Services provides assistance in both Official Languages.
|
Standards |
Issue Date |
Guidance |
Relevance |
|---|---|---|---|
| Government Transfers | |||
| PS 3410 | Oct-2013 | Accounting for Government Transfers at a Glance (by recipients) | Also useful for other frameworks |
| PS 3410 | Nov-2012 | New PS 3410—Recipient Accounting for Government Transfers—Liability Indicators | Provides application guidance for determining whether a transfer meets the definition of a liability |
| Impairment of Assets | |||
| IAS 36 | Oct-2017 | Application of IAS 36 by Other Government Organizations | Provides guidance on the application of IAS 36 by OGOs |
| IAS 36 | Mar-2023 | FRS Advisor Alert – Insights into IAS 36 Impairment of Assets | Provides guidance to assist in understanding the requirements of IAS 36 |
| Pension, Post-retirement and Other Benefits | |||
|
IAS 19 |
Nov-2023 |
Actuarial Awareness—Selection of the Accounting Discount Rate (under IFRS)— Quarterly Update |
Updates the reasonable ranges for discount rates—quarterly publication (issued in March, June, and September) |
|
IAS 19 |
Feb-2023 |
Actuarial Awareness—Selection of the Accounting Discount Rate (under IFRS) |
Provides guidance on auditing the discount rate—annual publication |
| IAS 19 PS 3250 PS 3255 |
Dec-2016 | Guide—Auditing Pension Assets and Obligations in the Financial Statements of the Sponsor (under revision) | Provides guidance on auditing defined benefit pension plans and other post-employment benefit plans |
| IAS 19 | Jan-2016 | Using Various Discount Rate Approaches to Develop Defined Benefit Plan Cost (under IFRS) | Provides audit considerations for entities that change to an alternative approach to determining the discount rate |
| PS 3255 | May-2012 | Impact of Strategic Operating Reviews | Provides audit considerations applicable to workforce adjustments |
|
Revenue
|
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|
IFRS 15 |
Feb-2022 |
Provides insight on applying the new standard |
|
|
IFRS 15 |
Oct-2021 |
Test Revenue Transactions (Steps 1 to 5)—Audit Procedures User Guide |
Provide guidance in the design of appropriate, effective and efficient use of the procedures in the IFRS—Substantive Test cabinet when applying IFRS 15. |
| Other Topics | |||
|
PS 1200/1201 |
Oct-2019 |
Presentation Issues Relating to Cash and Cash Equivalents Held Within Investment Portfolios |
Highlights some important considerations in determining the appropriate presentation of assets held within investment portfolios on the statement of financial position and in the cash flow statement. |
| PS 3260 | Oct-2017 | Guidance on Auditing Liabilities for Contaminated Sites Under PSAS |
Provides supplemental guidance on auditing liabilities for contaminated sites that may also be useful for other frameworks |
| IFRS 8 | Sep-2008 | PwC: A practical guide to segment reporting | Explains the key requirements of this standard |
|
IFRS 9 |
Oct-2020 |
PwC: Frequently asked questions relating to the Phase 2 amendments |
Provide guidance on how to apply the Phase 2 amendments to various contracts and hedge accounting relationships. |
Illustrative Financial Statements
Unless otherwise indicated, the following links go to the main pages that contain the latest illustrative financial statements.