News Listings

Topics discussed include cloud computing, carbon credits, statement of cash flows, Public Sector Accounting (PSA) Handbook issue, and more. Read the Meeting Report for full details.

Topics discussed include cloud computing, carbon credits, statement of cash flows, Public Sector Accounting (PSA) Handbook issue, and more. Read the Meeting Report for full details.

The Board discussed the update from the Public Sector Accounting Discussion Group meeting, 2022-2023 Annual Improvements project, Financial Statement Presentation Standard (“Reporting Model”), the Government Not-for-Profit Strategy, and other matters. Read the Decision Summary for full details.

PSAB has released its response to IPSASB’s Natural Resources Consultation Paper after conducting extensive outreach with Canadians. Feedback was provided to IPSASB on several areas of their Consultation Paper, including the description of human intervention, the need for increased engagement with Indigenous Peoples, and the measurement of natural resources.

PSAB’s new Conceptual Framework is now available in the PSA Handbook. This is a significant milestone for financial reporting in the Canadian public sector. The accompanying Basis for Conclusions document explaining PSAB’s reasoning for key decisions is also now available.

PSAB encourages stakeholders to respond to the International Public Sector Accounting Standards Board’s (IPSASB) recently released Exposure Draft 83, Reporting Sustainability Program Information. Respond directly to IPSASB by January 16, 2023, to ensure Canadian-specific issues and perspectives related to public sector sustainability reporting are considered.

Watch the recorded English or French webinar to learn about PSAB’s Government Not-for-Profit (GNFP) Strategy Decision and Implementation Plan.

The Board discussed the Independent Review of Standard Setting, International Strategy, Financial Statement Presentation Standard, Employee Benefits, and other matters. Read the Decision Summary for full details.

PSAB is embarking on its Future Work Plan Consultation to gather input on the projects it should take on, to help fulfill the strategies identified in its Strategic Plan 2022-2027. Read the Consultation Paper and provide your input via our Survey.

PSAB wants your feedback on Exposure Draft – 2022-2023 Annual Improvements to Public Sector Accounting Standards, which outlines the proposed amendments to the CPA Canada Public Sector Accounting (PSA) Handbook or Statements of Recommended Practices (other guidance). Submit your comments by October 11, 2022.