News Listings

The impact of the COVID-19 crisis is unprecedented and we recognize the challenges we all face in continuing our regular operations. Entities that apply public sector accounting standards will need to assess how COVID-19 will impact their year-end financial statements. Jointly presented by CPA Canada and PSAB, this webinar explores specific accounting matters that government entities should consider during this unprecedented time.

At its recent meeting, the Board discussed, reviewed, and made a final decision on its International Strategy project, voting to approve Option 2 – Adapt IPSAS principles when developing future standards. Read the Decision Summary for full details.

To meet the needs of stakeholders, this year we focused on moving major projects forward and making decisions that will lead to Canada’s public sector accounting future. Read about PSAB’s 2019-2020 activities and accomplishments in this year’s Annual Report.

At its recent meeting, the Board discussed, reviewed, and made decisions on the Financial Instruments – Narrow Scope Amendments project. Read the Decision Summary for full details.

Canada’s standard-setting boards are monitoring the COVID-19 pandemic closely. We are committed to providing information to help our stakeholders stay informed and address the challenges that may come during this time. Bookmark this webpage to stay up to date on our news and resources. 

At its recent meeting, the Board discussed, reviewed, and made decisions on several topics, including the Conceptual Framework and Reporting Model, Annual Plan, 2019-2020 Performance Report, and the need for a Post Implementation Review for PS 2200 Related Party Disclosures. Read the Decision Summary for full details.

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.

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.

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.

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.