Due Process

PSAB’s due process is described in its comprehensive Due Process Procedures document.

The Public Sector Accounting Board (PSAB) follows a rigorous consultative procedure in the development and issuance of accounting standards and statements of recommended practices for the public sector. The emphasis on due process is critical in maintaining the objectivity of the standard-setting process.

Due process is primarily associated with PSAB's request for and consideration of comments on proposed standards. However, due process actually starts when a project is being considered for addition to PSAB's technical agenda.

Keeping Informed

PSAB is very aware of the need to develop and issue standards in a timely fashion, while at the same time giving the public adequate opportunity to respond. 

Documents issued for comment are posted online via the Open for Comment webpage. 

To keep up to date, subscribe to:

  • The Standard, an email alerting you to significant board and oversight council updates.

Providing Feedback

Ensure PSAB knows your position on a given issue by providing your feedback.

Comment letters can result in substantial changes to a final standard. Often, what motivates someone to write to PSAB is to express concern about a proposal. However, it is equally important for PSAB to know when you support a proposal. Comments that express either support or concern can assist PSAB in developing its final conclusions.

It is important for your response to:

  • indicate your position on the issues in question;
  • comprehensively explain the reasons for your position as the arguments supporting your position allow PSAB to understand the issues as you see them and to fully consider your point of view.

Comments can be provided on a PDF response form, which is posted with each document for comment.  This form can be filled in online and submitted via email.  Alternatively, you may send written comments by email, in Word format, to: ed.psector@cpacanada.ca.

One compelling comment can make a difference.

The substance of comments received is more important to the due process than the number of responses received.

PSAB also recognizes that respondents have different backgrounds and experience from which valuable feedback can be obtained, and that not all respondents will have comments on every issue addressed in a document.