News Listings

PSAB is proposing consequential amendments to the PSA Handbook to be consistent with the proposals for a revised conceptual framework in Exposure Draft, “The Conceptual Framework for Financial Reporting in the Public Sector.” Share your feedback on the proposed consequential amendments by May 12, 2021 via comment letter or participating in our survey on Connect.FRASCanada.ca.

PSAB is proposing a revised reporting model,  building on the existing reporting model in Section PS 1201.  Read the Exposure Draft and Basis for Conclusions for full details.  Share your feedback on the proposed reporting model by May 12, 2021 via comment letter or participating in our survey on Connect.FRASCanada.ca.

The revised conceptual framework will be the foundation for establishing public sector accounting standards for years to come. This visual outlines the main concepts proposed for a revised conceptual framework in an easy-to-understand way – supporting your understanding of our proposals. Please note: The comment deadline for PSAB’s Exposure Draft, “Conceptual Framework for Financial Reporting in the Canadian Public Sector” is June 30, 2021.

Use this visual while reviewing PSAB’s proposals for a revised reporting model to support your understanding of the proposals and to better understand how the various statements are interconnected. Please note: The comment deadline for PSAB’s Exposure Draft, “Financial Statement Presentation, Proposed Section PS 1202” is June 30, 2021. 

A plain and simple overview of the key proposals in the Exposure Draft, “The Conceptual Framework for Financial Reporting in the Canadian Public Sector,” including proposed changes addressing key stakeholder concerns from the last round of consultations. Please note: The comment deadline for this Exposure Draft was extended to June 30, 2021.

A plain and simple overview of the key proposals in the Exposure Draft, “Financial Statement Presentation, Proposed Section PS 1202,” including proposed changes addressing key stakeholder concerns from the last round of consultations. Please note: The comment deadline for this Exposure Draft was extended to June 30, 2021. 

Have your say on PSAB’s Government Not-for-Profit Strategy Consultation Paper II. This plain and simple overview outlines the options considered and the decision-making criteria used to evaluate them in proposing an updated Government Not-for-Profit Strategy. Please note: The comment deadline for this Consultation Paper was extended to June 30, 2021.

At its recent meeting, the Board discussed the International Strategy project and PSAB’s response to the Consultation Paper on Sustainability Reporting by the Trustees of the IFRS Foundation. Read the Decision Summary for full details.

At its recent meeting, the Board discussed the Employment Benefits project, the 2021-2022 Annual Plan and Risk Assessment, and the Interim Performance Report. Read the Decision Summary for full details.

At its recent meeting, the Board discussed Public Private Partnerships and Financial Instruments. Read the Decision Summary for full details.