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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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Public Sector Accounting Discussion Group Meeting – November 25, 2026

Interested in public sector accounting issues? Join us as an observer at the upcoming Public Sector Accounting Discussion Group meeting on November 25, 2026. The meeting will be livestreamed and conducted in English with live French translation.

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Survey – PSAB Consultation Paper – Founded on Trust, Ready for the Future – 2027-2032 Draft Strategic Plan

PSAB wants to hear from you on its 2027–2032 Draft Strategic Plan. Take the survey by October 15, 2026, and help inform PSAB’s strategic direction for the next five years.

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Upcoming meetings & events

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November 25, 2026 Public Sector Accounting Discussion Group Meeting – November 25, 2026 10:30 a.m. – 4:00 p.m. ET

Interested in public sector accounting issues? Join us as an observer at the upcoming Public Sector Accounting Discussion Group meeting on November 25, 2026. The meeting will be livestreamed and conducted in English with live French translation. Register now!

Meeting & event summaries

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June 15-16, 2026 PSAB Decision Summary – June 15-16, 2026

PSAB approved three responses to International Public Sector Accounting Standards Board documents for comment including the proposed changes to International Public Sector Accounting Standard 41 for the derecognition of liabilities. PSAB approved its Exposure Draft, “2026-2027 Annual Improvements,” which details minor revisions to the financial instruments suite of standards, and its Consultation Paper, “Founded on Trust, Ready for the Future: Draft 2027-2032 Strategic Plan.” The Board also analyzed feedback and provided direction on the Intangible Assets, Cloud Computing, and Government Not-for-Profit projects.

May 28, 2026 Public Sector Accounting Discussion Group Meeting Report – May 28, 2026

The Group discussed the application of Section PS 1202, Financial Statement Presentation, and the International Public Sector Accounting Standards Board’s Exposure Draft 97, IPSAS Practice Statement, Making Materiality Judgements. Read the meeting report for full details. 

March 11-12, 2026 PSAB Decision Summary – March 11-12, 2026

At its March 11–12, 2026, meeting, PSAB approved projects to amend Section PS 2120, Accounting Changes, and to adapt IPSAS 21 Impairment of Non-Cash Generating Assets for the Canadian public sector. The Board also concluded that a post‑implementation review of the Financial Instruments suite of standards is not required and discussed key updates across several other ongoing projects and advisory groups. Read the decision summary for full details.

News

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October 20, 2026 PSAB, Volunteer Opportunity
Volunteer Opportunity – PSAB Indigenous Advisory Group

PSAB is seeking Indigenous professionals and experienced advisors to join its Indigenous Advisory Group and help shape Canadian public sector accounting standards. Apply by November 6, 2026.

October 9, 2026 News
PSAB Post-implementation Review Assessment of Section PS 3280, Asset Retirement Obligations

Have you experienced implementation issues or ongoing application challenges with Section PS 3280, Asset Retirement Obligations? If so, we want to hear from you. Share your experience and complete our survey by December 11, 2026.

July 14, 2026 News
Appointments – PSAB and the AASB

RASOC is pleased to announce appointments for the AASB, and PSAB. Read the appointments page for full details.