Public Sector Accounting Standards

Government Not-for-Profit Consultation Paper

Summary

One of the key strategies in the 2017-2021 Strategic Plan is the development of the GNFP Strategy that meets the public interest. Therefore, PSAB has issued a GNFP consultation paper to:

  • inform GNFP stakeholders of the Canadian and international not-for-profit financial reporting landscape;
  • communicate results of the 2017-2018 GNFP consultations; and
  • request stakeholder input on key issues that will guide PSAB in determining its next steps for the GNFP Strategy.

Staff Contact(s)

Michael Puskaric, MBA, CPA, CMA

Director, Public Sector Accounting Board

Background

PSAB is exploring the implications of all GNFPOs following the same set of standards and considering whether its standards should provide more flexibility when applied to different stakeholder groups.