MNP Comment Letter - Post-implementation Review: Section PS 3410 Government Transfers

MNP Comment Letter - Post-implementation Review: Section PS 3410 Government Transfers


Re: Public Sector Accounting Standards (“PSAS”) Post-implementation Review: Section PS 3410, Government Transfers

Thank you for the opportunity to comment on the above noted document. We have provided practitioners from our firm with the opportunity to respond to your survey. In addition, our Assurance Professional Standards Group has collected information through internal consultations and discussions with practitioners working in the public sector which we wanted to communicate to you.

Our firm serves provides services to a wide array of clients reporting under PSAS, including municipalities, First Nation’s communities, government not-for-profit organizations, and other government organizations. Our primary role is to act as auditor for these clients, which includes providing information to our clients on the standard. There is sufficient variation between our clients within each group that we felt we could not properly represent them by responding on the provided survey form for each type. Accordingly, we have provided comments to specific questions posed in the response survey below.

Public Sector Accounting Standards (“PSAS”) Post-implementation Review

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Michelle Balmer

Michelle Balmer CPA, CA

Vice President, Assurance

Michelle Balmer, CPA, CA, is a Senior Assurance Services Partner with MNP. With 14 years of experience in public practice, Michelle helps a broad range of public and privately held companies in a variety of industries. She also works on special projects, including costing studies, benchmarking and best-practice studies, operational analyses, litigation support and due diligence.

As a key member of MNP's Assurance team, Michelle has played an instrumental role in assurance policy development, implementing accounting and assurance standards firm-wide and educating assurance practitioners regarding methodologies and new pronouncements. She also provides technical advice and consultation on accounting and assurance issues, as well as on rules of professional conduct issues, to all MNP practitioners.

Michelle was certified a Chartered Accountant (CA) after obtaining a Bachelor of Commerce degree from the University of Alberta. She has been actively involved with the Institute of Chartered Accountants of Alberta, including the Chartered Accountants School of Business, in an instructional and marketing capacity. An avid volunteer, she has assisted numerous groups such as the Easter Seals of Alberta, Paralympic Sports Association and Junior Achievement of Northern Alberta.