PSAB Defines a Government Organization as One That Is "Controlled

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The Answer is Control is determined by examining persuasive evidence in addition to seven other potential indicators, if required. Persuasive evidence of control may be indicated if the government has:
1. the power to appoint a majority of the members of the governing body;
2. control and access over the assets of the organization;
3. majority number of votes; or
4. single authority to dissolve the organization.
Dependency on government funding or regulatory powers by the government does not necessarily indicate control. If the control is over OGOs or other governments, then consolidation is required.
The cost basis is used for investments made in entities that are not controlled by the government but represent portfolio investments.
Where the government has control of a GBE, the investment is reported on a modified equity basis.

PSAB Defines a Government Organization as One That Is "Controlled

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PSAB Defines a Government Organization as One That Is "Controlled

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Correct Answer:VerifiedShow Answer

Correct Answer:
Verified