The Public Sector Accounting Board (PSAB) established the Public Sector Accounting Discussion Group as a regular public forum at which issues relating to public sector financial reporting can be discussed.
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The next meeting of the Group will be held in Toronto and accessible via livestream on April 24, 2020. Individuals are encouraged to submit issues relating to the application of the PSA Handbook by March 6, 2020.
The purpose of the Group is to assist PSAB regarding issues arising on the application of the CPA Canada Public Sector Accounting (PSA) Handbook, as well as other issues of concern with respect to public sector financial reporting, including emerging issues and any issues on which PSAB seeks advice. However, the Group will not issue pronouncements, other communications, or offer interpretations of standards. The Group will also gather information in order to advise PSAB on priorities and possible agenda items for its consideration.
The Discussion Group expects to meet two times a year. The Discussion Group will consider the need for a third meeting if a high volume of submissions is received. A summary of the discussions will be published following meetings.
Members of the public are encouraged to submit issues for consideration by the Group.
The public is invited to observe the discussion of items on the agenda.
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.
Topics discussed were Purchased intangibles, developer agreements, international strategy, contractual rights, taxes levied for specific purposes, and more. Read the report for full details.
Read the report for details about the discussions of contractual rights, accounting for Indigenous government business enterprises, green infrastructure and PSAB’s reporting model proposals.
The Group consists of:
Members have an in-depth knowledge of the PSA Handbook and are aware of the challenges that application of PSA Handbook standards are creating in public sector financial reporting.
Appointments are generally for a three-year term.
In addition to members, PSAB’s Chair and the Director, Public Sector Accounting, attend the Group’s meetings. Others may be invited to participate in meetings on an ad hoc basis to contribute to discussions on particular issues. An individual who submits an issue can participate in the Group’s discussion of that issue.