Public Sector Accounting Board
Article – Employment Benefits Discount Rate: Anything Wrong with Expected Return on Plan Assets?
January 4, 2018. Read this article to learn about the debate on whether the expected return on plan assets, commonly used in the public sector in discounting obligations for funded benefit plans, is an appropriate discount rate for determining benefit obligation.
Article – Is There a Right Way to Measure the Time Value of Money?
December 11, 2017. The choice of discount rate could have significant effects on the benefit obligation reported. Read this article to learn about the debate on which discount rate would best reflect the time value of money in determining the benefit obligation.
PSA Discussion Group – Report on November 17, 2017 Livestreamed Meeting
December 8, 2017. Read the report for details about the discussions at the Group’s most recent meeting, including green infrastructure and social impact bonds.
In Brief – Invitation to Comment, Employment Benefits: Discount Rate Guidance in Section PS 3250
November 30, 2017. This In Brief provides a plain and simple overview of the Invitation to Comment, Employment Benefits: Discount Rate Guidance in Section PS 3250. It also presents background information about PSAB’s Employment Benefits project.
Invitation to Comment – Employment Benefits: Discount Rate Guidance in Section PS 3250
November 29, 2017. PSAB has issued an Invitation to Comment to seek stakeholder input before forming its preliminary views on the discount rate guidance provisions in the employment benefits standards. Stakeholders are encouraged to submit their responses by March 9, 2018.
PSAB Meeting Agenda – December 14-15, 2017
November 29, 2017. At its upcoming meeting, the Board will be discussing a number of topics including, Concepts Underlying Financial Performance, Financial Instruments and International Strategy.
Volunteer Opportunity – Accounting Standards Oversight Council
November 21, 2017. AcSOC is looking for new members! We need prominent members of the Canadian business and professional community to protect the public interest by overseeing the activities of the private and public sector accounting standard-setting processes.
New Project – PSAB to Review its International Strategy
November 10, 2017. As part of its 2017-2020 Strategic Plan, PSAB has approved a new project that may change the role the Board plays in setting standards in Canada.
IPSASB Exposure Draft 63 – Social Benefits
November 8, 2017. IPSASB has issued Exposure Draft 63, which defines social benefits and proposes requirements for recognition, measurement and disclosure of social benefit schemes. Canadian stakeholders are encouraged to provide their comments to IPSASB by March 31, 2018.
PSA Discussion Group Meeting Agenda – November 17, 2017 LIVESTREAMED!
October 20, 2017. The Group will discuss a number of topics, including Implications of Compliance-type Audit Reports for Public Sector GAAP, Green Infrastructure, and Social Impact Bonds. Attend in person or register to participate via livestream.
PSAB Decision Summary – September 21-22, 2017
October 6, 2017. At its recent meeting the Board discussed and made decisions on a number of topics, including Concepts Underlying Financial Performance, Employment Benefits and Financial Instruments – Subsequent Issues.
Webinar – Invitation to Comment on Employment Benefits Discount Rate Guidance
October 6, 2017. Tune in to this webinar on January 16, 2018 (English) or January 17, 2018 (French) to learn about the key features of PSAB’s Invitation to Comment, “Employment Benefits: Discount Rate Guidance in Section PS 3250.”