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.
Use our searchable database to find out if the Public Sector Accounting Discussion Group has discussed a topic that you need information about!
The next meeting of the Group will be held in Toronto and accessible via livestream on April 26, 2019. Individuals are encouraged to submit issues relating to the application of the PSA Handbook by March 1, 2019.
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.
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.
Read the report for details about the discussions of: PSAB’s conceptual framework and reporting model proposals, public liability claims, municipal off-site lot levies, and PSAB’s decision model for choosing a new international strategy.
Read the report for details about the discussions of: green infrastructure, restructuring transactions, the consolidation of entities using IFRS® Standards for leases, and social impact bonds.
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.