The Introduction to Public Sector Accounting Standards in the CICA PSA Handbook sets out the accounting standards applied by various types of government organizations. The sources of generally accepted accounting principles government organizations are directed to apply include: the CICA PSA Handbook and the CICA Handbook, Part I (i.e., IFRS).
Required
-Identify the various types of government organizations. For each type of government organization, identify the corresponding set of accounting standards that it can use.
-Explain why the CICA Handbook , Part II and Part III are not frameworks recommended for use by government organizations.