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Section PS 3310 - Loan Guarantees

A loan guarantee is a promise to pay all or a part of the principal and / or interest on a debt obligation in the event of default by the borrower.

Government loan guarantees must be accounted for and reported as contingent liabilities in the government's financial statements.

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BDO can help you navigate the road ahead

Applying financial reporting standards can be quite complex. The BDO team can help you assess your situation and prepare for the opportunities and challenges involved.

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