Public Private Partnerships
|Current Status||Next Steps|
First quarter of 2019 – PSAB to release Exposure Draft.
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.
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.
PROJECT NEWS & DECISION SUMMARIES
PSAB Decision Summary – June 21-22, 2018
The Board received an update from the Task Force Chair and discussed two key issues on scope and discount rate raised from responses to the Statement of Principles. The Board provided feedback to the Task Force’s recommendations for addressing the issues. The Board expects to approve an exposure draft in December 2018.
In Brief – Statement of Principles: Public Private Partnerships
September 28, 2017. In Brief is a new resource that provides a plain and simple overview on technical topics. Read the inaugural In Brief for an overview of the key principles developed in PSAB’s recently released Statement of Principles, Public Private Partnerships.
PSAB Statement of Principles – Public Private Partnerships
July 20, 2017. PSAB has issued a Statement of Principles that proposes a new standard on public private partnerships. Stakeholders are encouraged to submit their comments, on the form provided, by October 17, 2017.
PSAB Decision Summary – June 22-23, 2017
The Board approved a Statement of Principles, “Public Private Partnerships.” The document is expected to be issued in July 2017.
PSAB Decision Summary – March 16-17, 2017
PSAB discussed a draft statement of principles and provided feedback to its task force. PSAB plans to review a revised draft for approval in June 2017.
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.