Public Sector Accounting Standards

Overview

Active Projects

2018-2019 Annual Improvements

PSAB will deliberate responses in June 2019.

Concepts Underlying Financial Performance

PSAB is deliberating the feedback received on the Statement of Concepts and Statement of Principles.

As it deliberates the feedback, PSAB is developing two exposure drafts (one for a revised conceptual framework and one for a revised reporting model) with two accompanying basis for conclusions documents and the resulting consequential amendments.

PSAB expects to issue the two exposure drafts and accompanying documents in 2020.

Employment Benefits

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

Financial Instruments - Narrow Scope Amendments

The Exposure Draft is open for comment until May 1, 2019

Final pronouncement

Government Not-for-Profit Strategy

A consultation paper is being prepared for release in May 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 to approve a second consultation paper at its March 2019 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. 

News


May 16, 2019 News
2019 Public Sector Standard Setters Forum – Hosted in Canada

The Public Sector Standard Setters Forum is being hosted in Canada this year! Taking place on June 24-25, 2019 in Niagara-on-the-Lake, Ontario, the Forum brings together public sector standard setters from across the globe in an informal environment. PSAB’s own Chair, Charles-Antoine St-Jean, and Director, Michael Puskaric, will be speaking.

May 10, 2019 News
New IPSASB Consultation Paper – Measurement

IPSASB released a Consultation Paper proposing guidance for measurement attributes most commonly used by public sector entities applying IPSAS. Canadian stakeholders can send comments to IPSASB until September 30, 2019. Read the paper for full details.

April 30, 2019 News
Video! 2018-2019 PSAB Annual Reporting – Pivotal Actions Supporting Paramount Decisions

Our work together in 2018-2019 has brought us closer than ever to making decisions on projects that will shape the Canadian public sector accounting standards’ landscape for years to come. Watch this video hosted by PSAB’s own Charles-Antoine St-Jean, Chair, and Michael Puskaric, Director, on the progress being made on projects that are important to you.