Standards for Public Sector Entities
WHAT'S NEW
Basis for Conclusions – First-time Adoption by Government Organizations: Transitional Provisions
May 6, 2013. This document sets out how PSAB reached its conclusions. As well, it sets out significant matters arising from comments received in response to its Exposure Draft and indicates how the Board dealt with the issues raised.
IASB Exposure Draft – Regulatory Deferral Accounts
April 26, 2013. The IASB has issued an Exposure Draft of a proposed interim standard on rate-regulated activities. Canadian stakeholders are encouraged to submit their comments to the IASB by September 4, 2013.
IPSASB Exposure Draft – Presentation in General Purpose Financial Reports
April 26, 2013. IPSASB has issued a Conceptual Framework Exposure Draft that sets out the concepts applicable to the presentation of information in general purpose financial reports including general purpose financial statements. Canadian stakeholders are encouraged to provide their comments to IPSASB by August 15, 2013.
Request for Information – Rate Regulation
April 2, 2013. The IASB has issued a Request for Information to assist it in determining the scope of its comprehensive project on rate-regulated activities. Canadian stakeholders are encouraged to submit their comments to the IASB by May 30, 2013.
Invitation to Comment – Draft Strategic Plan 2013 – 2016
March 27, 2013. PSAB has issued an Invitation to Comment on its Draft Strategic Plan 2013 – 2016. Stakeholders are encouraged to submit their comments by May 17, 2013.
Submit an Issue – Public Sector Accounting Discussion Group
February 25, 2013. PSAB encourages the public to submit issues for possible consideration at the initial meeting of its Public Sector Accounting Discussion Group by May 17, 2013.
Statement of Principles – Restructurings
February 13, 2013. PSAB has issued a Statement of Principles that addresses the accounting and reporting of a wide range of restructuring activities among public sector entities. Stakeholders are encouraged to submit their comments, on the form provided, by May 17, 2013.
Exposure Draft – Amendments to the Introduction
February 6, 2013. PSAB has issued an Exposure Draft that proposes adding a definition of a government component and directing certain government partnerships to follow different accounting standards given their structure and nature of operations. Stakeholders are encouraged to submit their comments, on the form provided, by May 3, 2013.
Exposure Draft – First-time Adoption by Government Organizations: Transitional Provisions
January 18, 2013. PSAB has issued an Exposure Draft that proposes to clarify that Section PS 2125, First-time Adoption by Government Organizations, does not apply to new standards released after August 2010. Stakeholders are encouraged to submit their comments, on the form provided, by February 22, 2013.
Volunteer Opportunity – Public Sector Accounting Discussion Group
January 7, 2013. PSAB is currently seeking members for its new Public Sector Accounting Discussion Group.
Update – Rate-regulated Activities
January 3, 2013. The IASB has decided to develop an interim IFRS for use until it completes its comprehensive project.
Webcast – 2012 AcSB Update on Parts II and III of the Handbook
December 13, 2012. Listen to this webcast to learn about the changes being developed to amend Part II, including the role the Private Enterprises Advisory Committee plays. Also get an outline of the choices available to NFPOs and GNFPOs in 2012, and future amendments being developed.
