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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December 12-13, 2019 PSAB Meeting Agenda – December 12-13, 2019 09:00-17:00 Toronto, ON

At its upcoming meeting, the Board will discuss several topics including the International Strategy, Conceptual Framework and Reporting Model, Financial Instruments Narrow Scope Amendments, and Annual Improvements. Read the agenda for full details.

Meeting & event summaries

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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.

June 6-7, 2019 AcSOC Meeting – June 6-7, 2019

At its recent meeting in Edmonton, the Council discussed the activities of the AcSB, PSAB, and other related matters. The Council also received a presentation on cannabis accounting, and an update on the activities of its Performance Review Committee and its Nominating and Governance Committee. Read the full report for more information.

May 29, 2019 Now Available! Meeting Report from PSA DG Livestreamed Meeting — April 26, 2019

Topics discussed were Purchased intangibles, developer agreements, international strategy, contractual rights, taxes levied for specific purposes, and more. Read the report for full details.

News

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December 6, 2019 Resource
Video – All about the Public Sector Discussion Group

The PSA DG is a public forum where issues relating to public sector financial reporting are discussed. Watch this insightful video to learn what it’s all about.

November 29, 2019 Document for Comment
Exposure Draft, Narrow Scope Amendment – Purchased Intangibles

PSAB proposes to remove the prohibition against recognizing intangibles purchased in an exchange transaction in public sector financial statements. The change is proposed to respond to input from Indigenous governments and other PSAB stakeholders. Read the Exposure Draft and Basis for Conclusions for full details.

November 28, 2019 News
Update – Revisiting PSAB’s Employment Benefits Project

PSAB has decided to revisit our Employment Benefits project by reviewing the project plan and scope. Read this article to find out why, and what’s next for our stakeholders.