Review of International Strategy
|Current Status||Next Steps|
Consultation Paper issued.
Fourth quarter of 2018 – Deliberate comments received on Consultation Paper.
In developing the 2017-2020 Strategic Plan, the Public Sector Accounting Board (PSAB) determined the time was appropriate to review its current approach towards International Public Sector Accounting Standards.
Over the 2017-2020 period, the Board intends to:
- conduct research on differences between Canadian Public Sector Accounting Standards and International Public Sector Accounting Standards;
- learn about experiences of other jurisdictions that choose to follow International Public Sector Accounting Standards;
- publish a consultation paper to get the opinion of stakeholders; and
- develop options for the Board’s International Strategy.
PROJECT NEWS & DECISION SUMMARIES
Major projects move ahead – PSAB releases documents for comment on its Conceptual Framework, Reporting Model and International Strategy proposals
May 28, 2018. PSAB released several documents for comment on topics that will impact stakeholders for decades to come. We want to hear from you! To support you in providing feedback, we are doing extensive outreach and have issued numerous plain language resources – from In Brief documents for specific stakeholder groups, podcasts, and summary comparisons. Stay tuned for more!
Consultation Paper – Reviewing PSAB’s Approach to International Public Sector Accounting Standards
May 28, 2018. This Consultation Paper introduces the criteria PSAB will use to make a decision on its future international strategy and illustrates the application of the criteria through four possible options. Stakeholders are encouraged to submit their responses by September 28, 2018.
PSAB Decision Summary – March 22-23, 2018
The Board approved the Consultation Paper, “Reviewing PASB’s Approach to International Public Sector Accounting Standards.” The Board expects to issue the Consultation Paper in the spring of 2018. This Consultation Paper’s purpose is to raise stakeholder awareness of the matters the Board considered and to solicit input concerning the criteria the Board will apply in developing its future international strategy.
PSAB Decision Summary – December 14-15, 2017
The Board reviewed a draft consultation paper outlining options for consideration and gave the staff feedback. The Board expects to approve the consultation paper at its March 2018 meeting.
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.
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.