Public Sector Accounting Board
Decision Summary
December 14-15, 2015

This summary of decisions of the Public Sector Accounting Board (PSAB) has been prepared for information purposes only. Decisions reported are tentative and reflect only the current status of discussions on projects, which might change after further deliberations by PSAB. Decisions to publish exposure draft and Handbook material are final only after a formal ballot process.


PSAB Planning

PSAB approved a one-year extension to its 2013-2016 Strategic Plan.

PSAB reviewed a draft 2017-2020 strategic plan and provided feedback to staff.

PSAB approved a draft 2016-2017 work plan for presentation to AcSOC.

Standards for Public Sector Entities

Concepts Underlying Financial Performance

PSAB received a high-level summary of responses to Consultation Paper 3, “Conceptual Framework Fundamentals and the Reporting Model,” and provided feedback to the Task Force on alternatives to address a few key issues revealed in the responses.

Government Transfers

PSAB reviewed a draft feedback statement on the Post-implementation Review of Section PS 3410 and discussed next steps. The Board plans to continue the discussion on next steps and finalize the feedback statement at its March 2016 meeting.

Public Private Partnerships

PSAB approved a project proposal to develop a standard on public private partnerships.

PSAB Governance

PSAB reviewed a revised draft public interest framework that will use as a reference document.