Public Sector Accounting Standards


Active Projects

2018-2019 Annual Improvements

PSAB approved the annual improvements process in June 2018.

PSAB discussed the issues that will be included in the 2018-2019 Annual Improvements Exposure Draft and provided feedback in September 2018.

Concepts Underlying Financial Performance

PSAB established the Concepts Underlying Financial Performance Task Force

Consultation Papers 1, 2, 3 were issued in 2011, 2012, 2015, each followed by public outreach

Statement of Concepts – A Revised Conceptual Framework for the Canadian Public Sector issued May 2018

Statement of Principles – A Revised Reporting Model for the Canadian Public Sector issued May 2018

Employment Benefits

Responses to the three Invitations to Comment to be discussed in 2019

Financial Instruments - Narrow Scope Amendments

Financial Instruments Advisory Group established September 2018

The Exposure Draft is being developed and expected to be published in Q1 2019

Public Private Partnerships

PSAB established the Public Private Partnerships Task Force Q1 2016

Statement of Principles published in 2017, followed by public outreach

The Exposure Draft is being developed and expected to be published Q1 2019

Review of International Strategy

PSAB is expected to make a final decision at its March 2020 meeting

CPA Canada Handbook

The CPA Canada Public Sector Accounting Handbook contains all the public sector accounting standards, set by PSAB. Its available in print and online. 


January 18, 2019 News
Submit an Issue – PSA Discussion Group LIVESTREAMED!

The next meeting of the Group will be held in Toronto and accessible via livestream on April 26, 2019. Individuals are encouraged to submit issues relating to the application of the PSA Handbook by March 1, 2019.

January 16, 2019 Meeting Summary
PSA Discussion Group – Report on November 19, 2018 Livestreamed Meeting

Read the report for details about the discussions of contractual rights, accounting for Indigenous government business enterprises, green infrastructure and PSAB’s reporting model proposals.

November 19, 2018 Resource, News
Article – The Evolution of Public Sector Pension Plans and Its Accounting Implications

Public sector pension plans have evolved substantially in the past decade. New plan features and arrangements have been introduced to address plan sustainability. Read this article to learn about why an update to the accounting standard may be needed.