PBE SFR-C (PS) Tier 4: Public Benefit Entity Simple Format Reporting – Cash (Public Sector)
Does Tier 4 apply?
You may apply this standard if the entity:
- does not have public accountability ;
- is allowed by law to use cash accounting;
- has expenses ≤$125,000; and
- elects to be in Tier 4.
The standard simplifies financial reporting for public sector public benefit entities eligible to report in accordance with this Tier 4 standard.