PSAB

Public Sector Accounting Board

About PSAB

The Public Sector Accounting Board (PSAB) was created to serve the public interest by establishing accounting standards for the public sector. We also provide guidance for financial and other performance information reported by the public sector.

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Upcoming meetings & events

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April 24, 2020 PSA Discussion Group Meeting – April 24, 2020 8:30 am to 3:30 pm EST Toronto, Ontario

The next PSA Discussion Group meeting is coming up! Register to hold your place as an in-person or livestream observer. Agenda coming soon.

Meeting & event summaries

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January 6, 2020 Now Available! Meeting Report from PSA DG Livestreamed Meeting — November 15, 2019

Topics discussed were government business enterprises, user fees versus taxes, climate change and sustainable finance, and PSAB’s GNFP Consultation Paper. Read the report for full details.

December 18, 2019 PSAB Decision Summary – December 12-13, 2019

At its recent meeting, the Board discussed, reviewed, and made decisions on number of topics, including the International Strategy, Conceptual Framework and Reporting Model, Financial Instruments Narrow Scope Amendments, and Annual Improvements. Read the Decision Summary for full details.

June 20-21, 2019 PSAB Decision Summary – June 20-21, 2019

At its recent meeting, the Board discussed, reviewed and made decisions on number of topics, including Conceptual Framework and Reporting Model, Public Private Partnership and 2018-2019 Annual Improvements. Read the summary for full details.

News

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January 9, 2020 Document for Comment
Exposure Draft – 2019-2020 Annual Improvements to Public Sector Accounting Standards

We need your feedback! PSAB issued its 2019-2020 Annual Improvements Exposure Draft as part of an ongoing process to enhance and improve the PSA Handbook for its stakeholders. Submit your response by March 10, 2020.

January 6, 2020 News
Academic Research – Call for papers for Special Issue of Accounting Perspectives on Blockchain and Cryptoassets

The Canadian Academic Accounting Association’s (CAAA) journal Accounting Perspectives, with Guest Editor Rebecca Villmann, FRAS Canada Director, are calling on accountants to play a role in understanding blockchain and cryptoassets, and evaluating and influencing how they will affect the accounting profession, business and accounting education. We encourage researchers and educators to submit materials on the challenges and opportunities on how to account, audit, tax and regulate these activities by April 30, 2020.

January 3, 2020 Document for Comment
Exposure Draft, Financial Instruments – Narrow Scope Amendment (Federal Government)

In this Exposure Draft, PSAB proposes a specific amendment to permit the Federal government of Canada to present its foreign currency exchange gains and losses immediately in the surplus and deficit. Read the exposure draft and basis for conclusions and respond before March 4, 2020.