News Listings

Join PSAB on August 10, 2026, for a virtual roundtable discussion on its Consultation Paper, “Founded on Trust, Ready for the Future – 2027-2032 Draft Strategic Plan.” Participate in the conversation, share your feedback, and help inform PSAB’s future strategic direction. The session will be hosted in English with French translation available. Register now to save your spot!

RASOC is pleased to announce appointments for the AASB, and PSAB. Read the appointments page for full details.

The Public Sector Accounting Discussion Group wants to hear about emerging issues or CPA Canada Public Sector Accounting (PSA) Handbook application issues encountered when applying Public Sector Accounting Standards. Submit an issue for consideration by August 7, 2026.

The Reporting and Assurance Standards Oversight Council and the standard‑setting Boards have released their 2025-2026 Annual Reports, outlining standards activity, engagement, and oversight to demonstrate transparency and accountability. Read the reports to learn more about their respective years in review.

PSAB approved three responses to International Public Sector Accounting Standards Board documents for comment including the proposed changes to International Public Sector Accounting Standard 41 for the derecognition of liabilities. PSAB approved its Exposure Draft, “2026-2027 Annual Improvements,” which details minor revisions to the financial instruments suite of standards, and its Consultation Paper, “Founded on Trust, Ready for the Future: Draft 2027-2032 Strategic Plan.” The Board also analyzed feedback and provided direction on the Intangible Assets, Cloud Computing, and Government Not-for-Profit projects.

The Group discussed the application of Section PS 1202, Financial Statement Presentation, and the International Public Sector Accounting Standards Board’s Exposure Draft 97, IPSAS Practice Statement, Making Materiality Judgements. Read the meeting report for full details. 

The Public Sector Accounting Board has issued a new standard, Section PS 3251, Employee Benefits. This standard modernizes and consolidates employee benefits guidance for public sector entities. Read the In Brief for a plain and simple overview of the standard’s purpose, scope, and key changes.

RASOC is pleased to announce the appointments and reappointments for the AASB, the AcSB, the CSSB, PSAB, and the Oversight Council. We also thank retiring members for their dedicated service. Read the appointments page for full details.

PSAB will continue to develop relevant, high-quality public sector accounting standards. This includes progress on major projects like Intangible Assets and the Government Not-for-Profit Strategy. As this work progresses, feedback from advisory groups will continue to inform our Board’s next steps. Read more about our 2026-2027 Annual Plan.

At its March 11–12, 2026, meeting, PSAB approved projects to amend Section PS 2120, Accounting Changes, and to adapt IPSAS 21 Impairment of Non-Cash Generating Assets for the Canadian public sector. The Board also concluded that a post‑implementation review of the Financial Instruments suite of standards is not required and discussed key updates across several other ongoing projects and advisory groups. Read the decision summary for full details.