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.
PSAB Responses to IPSASB Exposure Draft 92 and SRS Exposure Draft 1
In support of its International Strategy, PSAB will submit response letters to the International Public Sector Accounting Standards Board (IPSASB) on the following Exposure Drafts:
PSAB reviewed, discussed, and approved its response letters, subject to some recommended updates.
The specific matters for comment related to Exposure Draft 92, “Tangible Natural Resources,” cover a variety of topics, including scope, definitions, transitional provisions, and sufficiency of non-authoritative guidance.
The specific matters for comment related to SRS Exposure Draft 1, “Climate-related Disclosures,” cover proposed requirements for public sector entities to disclose information about climate-related risks and opportunities for their own operations, climate-related public policy programs, and the outcomes.
PSAB staff presented the feedback received from outreach activities. The feedback highlighted key areas of concern, suggestions for improvement, and recommendations.
PSAB’s response letter will be shared publicly by IPSASB in accordance with its due processes, subsequent to the comment deadline of February 28, 2025.