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This international summary comparison document provides an overview of the differences between the two reporting models. This comparison is helpful given PSAB’s decision to adapt IPSAS principles when developing future standards. Please note: The comment deadline for PSAB’s Exposure Draft, “Financial Statement Presentation, Proposed Section PS 1202” is June 30, 2021. 

This international summary comparison document provides an overview of the differences between the two conceptual frameworks. This comparison is helpful given PSAB’s decision to adapt IPSAS principles when developing future standards. Please note: The comment deadline for PSAB’s Exposure Draft, “Conceptual Framework for Financial Reporting in the Canadian Public Sector” is June 30, 2021.

At its recent meeting, the Board discussed the 2022+ Strategic Plan, the PSA Discussion Group, and other matters. Read the Decision Summary for full details.

At its recent meeting, the Board discussed the Employee Benefits project and the approval of the related exposure draft. Read the Decision Summary for full details.

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.

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.

Learn more about key proposals in PSAB’s Exposure Draft “Financial Statement Presentation, Proposed Section PS 1202.” Watch the recorded English webinar or tune in live on March 31, 2021 for the French webinar. 

At its recent meeting, the Board discussed the International Strategy project and updates to the GAAP hierarchy. Read the Decision Summary for full details.

The IPSASB released Exposure Draft 75, Leases, which proposes aligning with IFRS 16. For lessees, the proposals include a right-of-use model to replace the risks and rewards incidental to ownership model in IPSAS 13, Leases. For lessors, ED 75 proposes to substantially carry forward the risks and rewards incidental to ownership model in IPSAS 13. PSAB encourages stakeholders to send comments to the IPSASB until May 17, 2021.

IPSASB has issued a Request for Information, Concessionary Leases and Other Arrangements Similar to Leases. PSAB is encouraging Canadian stakeholders to send in information on any Concessionary Leases and Arrangements Similar to Leases that they have experienced or know of in Canada. Your responses will assist the IPSASB in considering Canadian issues in the second phase of its Leases project. We encourage stakeholders to send comments to the IPSASB until May 17, 2021.