Public Sector Accounting Standards (PSAS) Implementation Guide: PS 3260 Liability for Contaminated Sites

Public Sector Accounting Standards (PSAS) Implementation Guide: PS 3260 Liability for Contaminated Sites

Excerpt

On April 25, 2019, FASB issued Accounting Standards Update (ASU) No. 2019-04 Codification Improvements to Financial Instruments – Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Financial Instruments (Topic 825) to clarify certain aspects of accounting for credit losses, hedging activities, and financial instruments. The amendments in this ASU apply to all reporting entities within the scope of the affected accounting guidance. The amendments represent changes to clarify, correct errors in, or improve the Codification, making it easier to understand and apply.

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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.