Public Private Partnerships

Current Status Next Steps

Statement of principles being developed.

March 2017 – Statement of principles to be approved.

BACKGROUND

Identified as a priority in PSAB’s 2014 Project Priority Survey, the Board approved a project to develop authoritative guidance specific to public private partnerships.

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In recent years, governments across Canada are increasingly using various forms of public private partnership arrangements for the provision of assets and delivery of services.

This project is expected to develop in two stages. The first stage will involve contemplating specific issues, including project scope, recognition and measurement of a public private partnership and disclosure requirements. Other issues will also be considered. The second stage will involve determining how to account for public private partnerships.

The objective is to develop a public sector accounting standard specific to public private partnerships.

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PROJECT NEWS & DECISION SUMMARIES

PSAB Decision Summary – September 26-27, 2016
PSAB considered key principles related to developing a statement of principles and provided feedback to the task force. PSAB expects to review a statement of principles at its December 2016 meeting.

CPA Magazine – Standards Digest – April 2016
April 5, 2016. CPA Magazine’s Standards Digest is a monthly snapshot into some of the latest standard-setting news and issues. This month, read about the AcSB’s 2016-2021 Strategic Plan and a Q&A with PSAB’s Director about the newly formed Public Private Partnerships Task Force.

Volunteer Opportunity – PSAB Public Private Partnerships Task Force
January 6, 2016. PSAB is currently seeking members for its Public Private Partnerships Task Force. If you are interested, please submit a resumé by February 15, 2016.

PSAB Decision Summary – December 14-15, 2015
PSAB approved a project proposal to develop a standard on public private partnerships.

 

Disclaimer: This project summary has been prepared for information purposes only. Decisions reported are tentative and reflect only the current status of discussions on this project, which may change after further Board deliberations. Decisions to publish Handbook material are final only after a formal ballot process.