PSAB

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January 20, 2020

Meeting Summary

Upcoming PSA Discussion Group Meeting – April 24, 2020

The next PSA Discussion Group meeting is coming up! Register to hold your place as an in-person or livestream observer. Agenda coming soon.

January 9, 2020

Document for Comment

Exposure Draft – 2019-2020 Annual Improvements to Public Sector Accounting Standards

We need your feedback! PSAB issued its 2019-2020 Annual Improvements Exposure Draft as part of an ongoing process to enhance and improve the PSA Handbook for its stakeholders. Submit your response by March 10, 2020.

January 6, 2020

News

Academic Research – Call for papers for Special Issue of Accounting Perspectives on Blockchain and Cryptoassets

The Canadian Academic Accounting Association’s (CAAA) journal Accounting Perspectives, with Guest Editor Rebecca Villmann, FRAS Canada Director, are calling on accountants to play a role in understanding blockchain and cryptoassets, and evaluating and influencing how they will affect the accounting profession, business and accounting education. We encourage researchers and educators to submit materials on the challenges and opportunities on how to account, audit, tax and regulate these activities by April 30, 2020.

January 6, 2020

Meeting Summary

Now Available! Meeting Report from PSA DG Livestreamed Meeting — November 15, 2019

Topics discussed were government business enterprises, user fees versus taxes, climate change and sustainable finance, and PSAB’s GNFP Consultation Paper. Read the report for full details.

January 3, 2020

Document for Comment

Exposure Draft, Financial Instruments – Narrow Scope Amendment (Federal Government)

In this Exposure Draft, PSAB proposes a specific amendment to permit the Federal government of Canada to present its foreign currency exchange gains and losses immediately in the surplus and deficit. Read the exposure draft and basis for conclusions and respond before March 4, 2020.

December 18, 2019

Meeting Summary

PSAB Decision Summary – December 12-13, 2019

At its recent meeting, the Board discussed, reviewed, and made decisions on number of topics, including the International Strategy, Conceptual Framework and Reporting Model, Financial Instruments Narrow Scope Amendments, and Annual Improvements. Read the Decision Summary for full details.

December 11, 2019

News

Academic Research – Call for papers for 2020 CAAA Annual Conference

The Canadian Academic Accounting Association’s (CAAA) 2020 conference theme is “Risky Business: Accounting in time of Uncertainty,” As research on managing, measuring and reporting risk can support Canada’s standard-setting boards’ evidence-based decision making, we encourage you to submit your papers by January 17, 2020.

December 6, 2019

Resource

Video – All about the Public Sector Discussion Group

The PSA DG is a public forum where issues relating to public sector financial reporting are discussed. Watch this insightful video to learn what it’s all about.

November 29, 2019

Document for Comment

Exposure Draft, Narrow Scope Amendment – Purchased Intangibles

PSAB proposes to remove the prohibition against recognizing intangibles purchased in an exchange transaction in public sector financial statements. The change is proposed to respond to input from Indigenous governments and other PSAB stakeholders. Read the Exposure Draft and Basis for Conclusions for full details.

November 28, 2019

News

Update – Revisiting PSAB’s Employment Benefits Project

PSAB has decided to revisit our Employment Benefits project by reviewing the project plan and scope. Read this article to find out why, and what’s next for our stakeholders.