News Listings

This document sets out how the Board reached its decision to pursue Option 2: Adapt IPSAS principles when developing future standards as its future International Strategy. Read the Basis for Conclusions for full details.

The COVID-19 pandemic significantly affected governments, businesses, and the public globally. Government responses and the COVID-19-related financial and economic consequences will need to be considered in financial reporting of public sector organizations. Read this non-authoritative guidance for more details.

Are you struggling with an accounting issue? Need experts to weigh in on it? Submit an issue to the PSA Discussion Group for consideration. Submissions for our upcoming November meeting are due October 2, 2020.

PSAB extended the end date of its current 2017–2021 Strategic Plan by one year to March 2022. This will provide the Board with more time to review and assess the impacts of COVID-19 on its strategic direction. Comments on this extension can be submitted by September 30, 2020.

PSAB approved a revised Employment Benefits project plan at the June 26, 2020 meeting. This approval comes following thorough consideration of how to respond to our stakeholders’ most pressing needs in the best way. Read this article to find out details on the new project plan, and what’s next for our stakeholders.

Topics included cloud computing arrangements that are services and first-time consolidation of a governmental unit when there is a change in control.

PSAB is undergoing a leadership change. Current Chair, Charles-Antoine St-Jean, was named CPA Canada’s new President and CEO, effective July 20, 2020. Taking his place as interim Chair is current PSAB Vice-Chair, Clyde MacLellan. The search for a permanent Chair will commence shortly.

At its recent meeting, the Board discussed the Financial Instruments – Narrow Scope Amendments project and its Basis for Conclusions on its International Strategy decision. Read the Decision Summary for full details.

At its recent meeting, the Board discussed the Employment Benefits Project and the Government Not-for-Profit Strategy. Read the Decision Summary for full details.

At its recent meeting, the Board discussed the Conceptual Framework and Reporting Model, Purchased Intangibles, and PSAB’s response to COVID-19. Read the Decision Summary for full details.