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International Foundation of Employee Benefit Plans

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International Foundation of Employee Benefit Plans
Principal Public Sector Accounting Board

Lydia is a well-respected public sector accounting expert. Her specialty is in developing creative strategies and solutions to account for complex arrangements to serve the public interest.

She has 10 years of experience in setting accounting standards, and 12 years in preparing government financial statements and developing government accounting policies.

She currently supports the work of the Employment Benefits Task Force of the Public Sector Accounting Board in developing a new employment benefits standard. The accounting solution she helped develop in the recently issued Invitation to Comment on Non-traditional Pension Plans breaks new ground in pension accounting. The solution could result in employers reflecting the risks they assumed in pension obligations. Taxpayers would have more relevant information about governments' financial position.

She pioneered the first post-implementation review of the accounting standard Section PS 3410, Government Transfers, in the CPA Canada Public Sector Accounting Handbook.

She also developed the accounting standard Section PS 3430, Restructuring Transactions.

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