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 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. Information on how to register as an observer and meetings dates are provided here.
Read the report for details about the discussions at the Group’s most recent meeting, including PSAB’s conceptual framework and reporting model proposals, and PSAB’s decision model for choosing a new international strategy.
Read the report for details about the discussions at the Group’s most recent meeting, including green infrastructure and social impact bonds.
Read the report for details about the discussions at the Group’s most recent meeting.
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.
To allow for a rotation amongst its membership, the initial members will be appointed for two- and three-year terms. Appointments made in subsequent years will generally be 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.