Public Sector Accounting Standards

Statement of Concepts, A Revised Conceptual Framework for the Canadian Public Sector


The Public Sector Accounting Board (PSAB) proposes, subject to comments received on this Statement of Concepts and following its due process, to expose a proposed revised conceptual framework that would include 10 chapters. The proposed revised conceptualframework is intended to replace FINANCIAL STATEMENT CONCEPTS, Section PS 1000, and FINANCIAL STATEMENT OBJECTIVES, Section PS 1100.

The revised conceptual framework would apply to public sector entities that prepare their general purpose financial statements in accordance with public sector generally accepted accounting principles (GAAP) as set out in the CPA Canada Public Sector Accounting (PSA) Handbook.

Staff Contact(s)

Michael Puskaric, MBA, CPA, CMA

Director, Public Sector Accounting Board