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International Public Sector Accounting Standards Activities

IPSASB Natural Resources Consultation

Summary

The objective of the International Public Sector Accounting Standards Board’s (IPSASB) natural resources project is to develop a Consultation Paper, then one or more Exposure Drafts, to address issues relating to the recognition, measurement, presentation and disclosure of natural resources.

As per our international strategy, PSAB is carefully monitoring IPSASB’s work in this area and has responded to IPSASB’s Natural Resources Consultation Paper. We engaged with Canadians in a consultation process during summer 2022 to ensure Canadian-specific issues and perspectives are considered by IPSASB.

Staff Contact(s)

Jean Goguen, CPA, CMA Principal, Public Sector Accounting Board

Phone number  +1 416 204 3253
Email address  [email protected]

Download PSAB’s response letter to the IPSASB on their Consultation Paper, Natural Resources.

News

December 1, 2022

International Activity, News

PSAB’s Response to IPSASB’s Natural Resources Consultation Paper

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.

May 17, 2022

International Activity

IPSASB Consultation Paper – Natural Resources

PSAB encourages stakeholders to respond to the International Public Sector Accounting Standards Board’s (IPSASB) recently released Consultation Paper, Natural Resources. 

Respond directly to IPSASB by October 17, 2022, to ensure Canadian-specific issues and perspectives are considered related to developing guidance on the recognition, measurement, presentation, and disclosure of natural resources in the public sector. 

Stay tuned for PSAB’s roundtable discussions on this topic, which will bring Canadians together to help inform the Board’s own response to IPSASB.

May 17, 2022

International Activity

IPSASB Consultation Paper – Advancing Public Sector Sustainability Reporting

PSAB encourages stakeholders to respond to the International Public Sector Accounting Standards Board’s (IPSASB) recently released Consultation Paper, Advancing Public Sector Sustainability Reporting. 

Respond directly to IPSASB by September 9, 2022, to ensure Canadian-specific issues and perspectives related to public sector sustainability reporting are considered. 

Disclaimer

This project summary has been prepared for information purposes only. Decisions reported are tentative and reflect only the current status of discussions on this project, which may change after further Board deliberations. Decisions to publish Handbook material are final only after a formal voting process.