Public Sector Accounting Standards

Overview

Active Projects

2019-2020 Annual Improvements

PSAB is accepting submissions of issues for its annual improvements projects.

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

PSAB is deliberating responses to the Exposure Draft.

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 Q4 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


October 11, 2019 News
Now available! PSA Discussion Group meeting agenda – November 15, 2019

The agenda includes discussions on when a government business enterprise (GBE) is no longer a GBE; when a government not-for-profit organization (GNFPO) may no longer be a GNFPO; The Final Report of the Expert Panel on Sustainable Finance; and two questions from PSAB’s government not-for-profit consultation paper. Register to attend in person or via livestream.

September 12, 2019 News
New IPSASB Exposure Draft – Public Sector Financial Instruments, Amendments to IPSAS 41, Financial Instruments

IPSASB released an Exposure Draft providing guidance on how to account for financial instruments unique to the public sector. Canadian stakeholders can send comments to IPSASB until December 31, 2019. Read the Exposure Draft for full details.

September 5, 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 November 15, 2019. Individuals are encouraged to submit issues relating to the application of the PSA Handbook by September 25, 2019.