Decision Summary – June 22-23, 2017

This summary of decisions of the Public Sector Accounting Board (PSAB) has been prepared for information purposes only. Decisions reported are tentative and reflect only the current status of discussions on projects, which might change after further deliberations by PSAB. Decisions to publish exposure draft and Handbook material are final only after a formal ballot process.

Standards for Public Sector Entities

Concepts Underlying Financial Performance

The Board discussed the elements of financial statements and provided feedback to its task force.

Employment Benefits

The Board received a project update from the task force and provided input into the invitation to comment for discount rates.

The Board also provided input on options to streamline the process of this project.

Financial Instruments

The Board received an update on the stakeholder consultation regarding the implementation experiences in the not-for-profit sector with Section PS 3450, Financial Instruments, and provided feedback to staff about next steps.

Public Private Partnerships

The Board approved a Statement of Principles, “Public Private Partnerships.” The document is expected to be issued in July 2017.    

Standards for Not-for-Profit Organizations

The Board discussed a consultation project plan and provided feedback to staff.

International Strategy

The Board discussed the development of a project plan for our international strategy and provided feedback to staff.

PSAB Governance

The Board approved a revised Terms of Reference for the Public Sector Accounting Discussion Group.