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International Public Sector Accounting Standards Activities

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May 3, 2024

International Activity

IPSASB issues Exposure Draft 89, “Amendments to Consider IFRIC Interpretations”

PSAB encourages interested and affected parties to respond to the International Public Sector Accounting Standards Board’s (IPSASB) recently released Exposure Draft 89, “Amendments to Consider IFRIC Interpretations.” Respond directly to IPSASB by June 17, 2024, to ensure Canadian-specific issues and perspectives related to the proposed amendments are considered.

April 9, 2024

International Activity

IPSASB issues Exposure Draft (ED) 88, Arrangements Conveying Rights over Assets (Amendments to IPSAS 47 and IPSAS 48)

PSAB encourages interested and affected parties to respond to the International Public Sector Accounting Standards Board’s (IPSASB) recently released Exposure Draft 88, Arrangements Conveying Rights over Assets (Amendments to IPSAS 47 and IPSAS 48). Respond directly to IPSASB by May 31, 2024, to ensure Canadian-specific issues and perspectives are considered.

February 14, 2024

International Activity, News

IPSASB issues two Exposure Drafts related to Natural Resource Project

The International Public Sector Accounting Standards Board (IPSASB) released two Exposure Drafts to address the lack of guidance on specific activities related to mineral resources: ED 86, Exploration for and Evaluation of Mineral Resources; and ED 87, Stripping costs in the Production Phase of a Surface Mine (Amendments to IPSAS 12). To ensure Canadian perspectives are considered, and future standards serve the Canadian public interest, we encourage you to respond to these Exposure Drafts if they are relevant to your entity or clients. Submit your comments directly to IPSASB by May 31, 2024.

February 6, 2023

International Activity, News

IPSASB issues Exposure Draft 84 Concessionary Leases and Right-of-Use Assets In-kind

PSAB encourages stakeholders to respond to the International Public Sector Accounting Standards Board’s (IPSASB) recently released Exposure Draft 84, Concessionary Leases and Right-of-Use Assets In-kind. Respond directly to IPSASB by May 17, 2023, to ensure Canadian-specific issues and perspectives related to concessionary leases and right-of-use assets in-kind are considered.

December 1, 2022

International Activity, News

PSAB’s Response to IPSASB’s Natural Resources Consultation Paper

PSAB has released its response to IPSASB’s Natural Resources Consultation Paper after conducting extensive outreach with Canadians. Feedback was provided to IPSASB on several areas of their Consultation Paper, including the description of human intervention, the need for increased engagement with Indigenous Peoples, and the measurement of natural resources.

November 24, 2022

International Activity

IPSASB issues Exposure Draft 83, Reporting Sustainability Program Information

PSAB encourages stakeholders to respond to the International Public Sector Accounting Standards Board’s (IPSASB) recently released Exposure Draft 83, Reporting Sustainability Program Information. Respond directly to IPSASB by January 16, 2023, to ensure Canadian-specific issues and perspectives related to public sector sustainability reporting are considered.

May 17, 2022

International Activity

IPSASB Consultation Paper – Natural Resources

PSAB encourages stakeholders to respond to the International Public Sector Accounting Standards Board’s (IPSASB) recently released Consultation Paper, Natural Resources

Respond directly to IPSASB by October 17, 2022, to ensure Canadian-specific issues and perspectives are considered related to developing guidance on the recognition, measurement, presentation, and disclosure of natural resources in the public sector. 

Stay tuned for PSAB’s roundtable discussions on this topic, which will bring Canadians together to help inform the Board’s own response to IPSASB.

May 17, 2022

International Activity

IPSASB Consultation Paper – Advancing Public Sector Sustainability Reporting

PSAB encourages stakeholders to respond to the International Public Sector Accounting Standards Board’s (IPSASB) recently released Consultation Paper, Advancing Public Sector Sustainability Reporting

Respond directly to IPSASB by September 9, 2022, to ensure Canadian-specific issues and perspectives related to public sector sustainability reporting are considered.