Public Sector Accounting Standards Board (PSASB)

The Public Sector Accounting Standards Board (PSASB) is an organization that develops and maintains accounting rules specifically for government and public sector entities. These standards ensure transparency, accountability, and consistency in how government organizations record and report their financial information. By following these guidelines, public institutions can provide clear and comparable financial reports, helping stakeholders like citizens, investors, and regulators understand how public funds are managed and spent. The PSASB's work promotes trust and integrity in public sector financial reporting.