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April 6, 2020

News

Standard setting during the COVID-19 pandemic

Like you, we are monitoring the COVID-19 pandemic closely and evaluating daily how to respond to, and operate in, this environment. Read this statement from the Chairs of the AASB, AcSB and PSAB to learn how we are continuing our standard-setting operations during this unprecedented time.

April 6, 2020

News

Public Sector Accounting Board – Annual Plan

This Annual Plan sets out the Board’s key activities and project milestones in 2020-2021, helping to achieve the objectives in the last year of its five-year strategic plan. Read the plan for full details.

April 6, 2020

News

Updates! Appointments – AcSOC, the AcSB and PSAB

Given the unprecedented global challenges related to COVID-19, PSAB has made the decision to postpone its March 2020 Board meeting to a later date. As a result, AcSOC made the decision to extend the terms of members originally set to retire on March 31, 2020. Read the updated appointments page for full details.

March 31, 2020

Basis for Conclusions

Basis for Conclusions, Financial Instruments – Narrow Scope Amendments

This document describes the Board’s amendments to FINANCIAL INSTRUMENTS, Section PS 3450. This includes changes to the accounting treatment of bond repurchase transactions, clarification of transitional provisions, and other minor improvements. Read our final Basis for Conclusions for full details.

March 30, 2020

News

PSAB Meeting Agenda – Date to be determined

Given the unprecedented global challenges related to COVID-19, PSAB has made the decision to postpone its March 2020 Board meeting to a later date. PSAB is in the process of rescheduling its meeting. Information on the rescheduled meeting will be shared when it’s available.

March 9, 2020

News

Appointments - AcSOC, the AcSB and PSAB

We are pleased to announce new members and re-appointed members, and thank those retiring, to the Council, the AcSB and PSAB. See the appointments page for full details.

February 5, 2020

News

Submit an Issue – The Public Sector Accounting Discussion Group wants to hear from you!

The Group’s next meeting will be held in Toronto and accessible via livestream on April 24, 2020. Check out our Submit an Issue page to find out how you can submit issues relating to the application of the PSA Handbook. Submissions due by March 6, 2020. And don’t forget to watch our brief video while you’re there!

January 31, 2020

News

Video – Public Sector Accounting Discussion Group’s Submit an Issue

Have you ever been puzzled by an accounting issue and you’re looking for insight? You might want to consider submitting an issue to the PSA DG! Watch this short video that walks you through the process to prepare and submit your issue for discussion. 

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.