What should an entity consider when identifying commitments relating to implementing agents in infrastructure construction arrangements?
- May 18, 2022
- Posted by: Julianne Vissie
- Category: Blog
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The Public Sector Accounting Forum (PSAF) considered an entity’s potential commitments from infrastructure construction arrangements where implementing agents are used.
The PSAF noted that existing arrangements should be analysed to identify the parties’ roles, responsibilities and relationships. Substance over form is considered irrespective of “labels” used in arrangements.