Intangible Assets
PSAB continued its review of feedback received on the Exposure Draft, “Proposed Section PS 3155, Intangible Assets”, including recommendations from the Technical Advisory Group. The Board will continue deliberating the remaining feedback at upcoming meetings.
The draft standard incorporating all recommended amendments will be presented to PSAB for approval in 2027.
Post-implementation Review Assessment: Asset Retirement Obligations
In accordance with its due process, PSAB approved the project proposal for the Post-implementation Review Assessment for Section PS 3280, Asset Retirement Obligations.
The assessment will include outreach and information gathering with results expected to be presented to the Board in early 2027 to determine whether a formal post-implementation review of Section PS 3280 is warranted.
Cloud Computing Arrangements
PSAB received an update on the activities of the Cloud Computing Task Force and the progress made on the development of the Cloud Computing Arrangements (CCA) Guideline.
The draft CCA guideline is expected to be presented to the Board for approval at its March 2027 meeting.
Government Not-for-Profit Advisory Group
PSAB provided direction to the Government Not-for-Profit Advisory Committee on the remaining key issues and related recommendations being considered as part of the Government Not-for-Profit Contributions and Financial Statement Presentation project.
The exposure draft is expected to be approved in early 2027.
Due Process Review
PSAB received an update on the triennial review of its governing documents, including the Terms of Reference, Statement of Operating Procedures, and Due Process Manual. The review includes proposed changes to better align terminology with that used by the other Canadian standard-setting boards. Proposed revisions are expected to be presented to the Board for approval at its December 2026 meeting before being submitted to the Reporting and Assurance Standards Oversight Council Governance Committee in early 2027.
Accounting Changes, Proposed Amendments to Section PS 2120
PSAB reviewed and provided feedback on the initial drafts of the exposure draft and related basis for conclusions for Proposed Amendments to Section PS 2120, Accounting Changes.
The amendments are being undertaken to respond to feedback received from interested and affected parties through the 2022-2023 Work Plan Consultation.
PSAB expects to approve an exposure draft and basis for conclusions later in 2026.
Employee Benefits Non-Traditional Pension Plans Monitoring Project
The Board approved the Employee Benefits Non-Traditional Pension Plans Monitoring project. The project will monitor how entities participating in non-traditional pension plans are implementing Section PS 3251, Employee Benefits, and use the findings to inform any future standard-setting activities.
Indigenous Advisory Group
The Board received an update on the September 2026 meeting of the Indigenous Advisory Group. The Group discussed several ongoing projects and received updates from the Oversight Council, the Canadian Sustainability Standards Board, and the Accounting Standards Board. The Group will continue its activities in November 2026 and plans to launch a public call for new members in October 2026.