Standards for Public Sector Entities
Submit an Issue – PSA Discussion Group
March 27, 2018. The next meeting of the Group will be held in Toronto and accessible via livestream on June 4, 2018. Individuals are encouraged to submit issues relating to the application of the PSA Handbook by April 20, 2018.
CPA Canada Webinar – Financial Reporting by First Nations
March 23, 2018. CPA Canada’s free webinar highlights key financial reporting issues faced by First Nations and how public sector accounting standards evolve to address their unique needs. Tune in on May 3, 2018 (English) at 12:30 p.m.
IPSASB Consultation Document – Proposed Strategy and Work Plan for 2019-2023
March 23, 2018. IPSASB issued a Consultation Document proposing a strategic objective and work plan for 2019-2023. Check out IPSASB’s proposals to strengthen public financial management globally.
Volunteer Opportunity – Public Sector Accounting Board
March 23, 2018. AcSOC is seeking new members to appoint to PSAB! We have an immediate need for candidates who work in municipal government (applications due April 30, 2018). Longer term, we are also seeking academics, auditors, financial statement preparers, not-for-profit sector professional, other levels of government, economics, and others!
PSAB Meeting Agenda – March 22-23, 2018
March 6, 2018. At its upcoming meeting, the Board will be discussing a number of topics including, Financial Instruments, Asset Retirement Obligations and International Strategy.
IPSASB Exposure Draft 64 – Leases
February 12, 2018. IPSASB issued Exposure Draft 64 proposing a single right-of-use model for lease accounting to replace the risks and rewards incidental to ownership model in IPSAS 13, Leases. Canadian stakeholders can send comments to IPSASB until June 30, 2018.
Article – Employment Benefits Discount Rate: Any Case for a Current Rate?
February 5, 2018. Read this article to learn about the debate on whether a current rate, an average rate or a projected rate would be appropriate for the discount rate used in determining benefit obligation.
We’re hiring! Seeking a new public sector accounting principal
January 31, 2018. We are looking for a highly skilled, energetic and committed team member to advise and carry out the plans of PSAB. Apply today!
NEW! Livestreaming – AcSOC March 1-2, 2018 Meeting
January 15, 2018. Now attend the upcoming AcSOC meeting in person or virtually! Observers will be able to see and hear the AcSOC meeting discussion in real-time via a livestream feed if not able to attend in person. Register as an observer now; spaces are limited!
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.