PSAB

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March 22, 2019

News

Now available! PSA Discussion Group Meeting Agenda – April 26, 2019

The agenda includes discussions on developer fees and contractual rights, cryptocurrencies, purchased intangibles, taxes levied for specific purposes, and PSAB’s 2nd consultation paper for a new international strategy. Register to attend in person or via livestream.

January 31, 2019

Document for Comment

Exposure Draft, Financial Instruments – Narrow Scope Amendments

In this exposure draft, PSAB proposes changes to the accounting treatment of a bond repurchase, simplification of how a government consolidates the accounts of organizations already reporting on a fair value, and several minor improvements and clarifications to the standard. Respond to us on our proposals by May 1, 2019

January 29, 2019

News

New! PSAB Standard-setting Due Process Manual

Our revised due process manual provides a clear explanation of our standard-setting due process activities and includes details of how you can participate in the process. We use plain language, simplified content, and visuals, to ensure the rigorous set of procedures we undertake to set standards is easy for you to understand. Visit the Due Process page to learn more.

January 21, 2019

News

Notice of Intent – Extending PSAB’s 2017-2020 Strategic Plan

PSAB will extend the end date of its current 2017-2020 Strategic Plan by oneyear to March 2021.  Extending the current strategic plan will allow input on key strategies that will inform the development of the next strategic plan. Feedback on this extension should be submitted to PSAB by March 1, 2019.

January 18, 2019

News

Submit an Issue – PSA Discussion Group LIVESTREAMED!

The next meeting of the Group will be held in Toronto and accessible via livestream on April 26, 2019. Individuals are encouraged to submit issues relating to the application of the PSA Handbook by March 1, 2019.

January 18, 2019

Document for Comment

Exposure Draft – 2018-2019 Annual Improvements to Public Sector Accounting Standards

We need your feedback! PSAB issued its first annual improvements Exposure Draft to correct errors in the wording or clarify the PSA Handbook and Statements of Recommended Practices. Submit your response by April 18, 2019.

January 16, 2019

Meeting Summary

PSA Discussion Group – Report on November 19, 2018 Livestreamed Meeting

Read the report for details about the discussions of contractual rights, accounting for Indigenous government business enterprises, green infrastructure and PSAB’s reporting model proposals.

December 14, 2018

Resource

In Brief – Asset Retirement Obligations and Liability for Contaminated Sites — determining which standard should be applied

PSAB’s new standard on Asset Retirement Obligations, Section PS 3280, was issued in August 2018. Read this plain and simple overview explaining the differences between Section PS 3280 and Section PS 3260, and when to apply each standard.

December 13, 2018

Resource

Article – Principles-based Approach to Accounting for Non-traditional Pension Plans

Many public sector pension plans involve employers sharing risks with their employees and/or other employers. Read this article to learn how potential accounting guidance reflecting the risk assumed by employers could have a significant impact on their financial positions.

December 13, 2018

Resource

Article – Principles-based Approach to Accounting for Non-traditional Pension Plans

Many public sector pension plans involve employers sharing risks with their employees and/or other employers. Read this article to learn how potential accounting guidance reflecting the risk assumed by employers could have a significant impact on their financial positions.