News Listings

The IPSASB released its Mid-Period Work Program Consultation document. PSAB encourages stakeholders to send comments directly to the IPSASB by November 30, 2021.

If you would like us to consider your feedback during the development of our response, please reply to our Board by November 16, 2021.

The IPSASB released Exposure Draft (ED) 80, Improvements to IPSAS, 2021. PSAB encourages stakeholders to send comments directly to the IPSASB by September 30, 2021.

The IPSASB released four new Exposure Drafts on how to measure assets and liabilities in the public sector. PSAB encourages stakeholders to send comments directly to the IPSASB by October 25, 2021. 

If you would like us to consider your feedback during the development of our response, please reply to our Board by October 11, 2021.

Private and public institutions across the country have come together to offer Canada as the global headquarters for the new International Sustainability Standards Board (ISSB). The offer was facilitated by CPA Canada and formally submitted by the Government of Canada to the IFRS Foundation this week, backed by organizations such as pension funds, financial institutions, securities regulators, a leading First Nations organization, accounting firms, insurance companies, and other large Canadian companies, along with the support of the country’s six largest municipalities and a broad cross-sector of Canada’s leading business, academic, and environmental stakeholder organizations. 

PSAB issued Exposure Draft – “Employee Benefits, Proposed Section 3251,” which outlines principles for the first of several phases of the revised employee benefits standard. In this first phase, the Board focused on discount rate guidance and deferral provisions. 

We want your feedback to our Exposure Draft – respond by November 25, 2021!

Read PSAB’s plain and simple overview of our Exposure Draft, “Employee Benefits, Proposed Section PS 3251.” The first phase of this multi-phase standard focuses on discount rate guidance and deferral provisions. Learn more about our key proposals and submit your comments on the Exposure Draft by November 25, 2021! 

PSAB has received a significant number of response letters to two Exposure Drafts that closed for comment on June 30, 2021 as part of our current Concepts Underlying Financial Performance project.

PSAB’s Draft 2022 – 2027 Strategic Plan outlines the Board’s proposed strategic objectives for the next five years. Watch this short, on-demand webinar to get an overview of these proposals, and learn more information to help you prepare your feedback. Comments are due to PSAB on October 6, 2021.

As Canada moves through the third wave of COVID-19 with the hope that comes with vaccinations and economic re-opening, we in standard setting have also been progressing in new areas and initiatives. From sustainability standards to strategic planning, read this statement from our Board Chairs about what we’ve been up to and what’s to come this year.

At its recent meetings, the Board discussed such topics as Rate Regulated Accounting, International Strategy, the Consultation Paper of IFR4NPO, and Financial Instruments. Read the Decision Summary for full details.