Standards for Public Sector Entities
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.
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.
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.