Public Sector Accounting Standards

2018-2019 Annual Improvements

Summary

PSAB approved its annual improvements process in June 2018 to correct errors in the wording or clarify the CPA Canada Public Sector Accounting (PSA) Handbook or Statements of Recommended Practices (other guidance).

Staff Contact(s)

Joanna Chrzanowski, CPA, CA

Principal, Public Sector Accounting Board

Project Status

  • Information gathering

    Existing Handbook issues gathered by PSAB staff prior to 2018.

  • Approving project

    PSAB approved the annual improvements process in June 2018.

    PSAB discussed the issues that will be included in the 2018-2019 Annual Improvements Exposure Draft and provided feedback in September 2018.

  • Consulting stakeholders

    Exposure Draft – 2018-2019 Annual Improvements issued January 2019.

  • Deliberating feedback

    PSAB will deliberate responses in June 2019.

  • Final pronouncement

    Final Handbook amendments are expected to be approved in June 2019 and issued in September 2019.

Meeting & event summaries


January 7, 2019

PSAB Decision Summary – December 13-14, 2018

Annual Improvements

PSAB approved the Exposure Draft, “2018-2019 Annual Improvements to Public Sector Accounting Standards.” The exposure draft reflects the following main categories of improvements:

  • Removal of due process procedures from the CPA Canada Public Sector Accounting Handbook and Statements of Recommended Practices.
  • Amendments to correct inconsistencies relating to the introduction of the government-component category.
  • Various amendments to Section PS 3060, Government Partnerships.
  • Other amendments to remove inconsistencies and update to areas requiring clarification.  

The Board will issue the exposure draft in January 2019, with a 90-day comment period.

September 27, 2018

PSAB Decision Summary - September 27-28, 2018

The Board discussed the issues to be included in the 2018-2019 Annual Improvements Exposure Draft and provided feedback. Further communication with respect to the annual improvements will be posted online in November 2018.

June 21, 2018

PSAB Decision Summary - June 21-22, 2018

The Board discussed and approved an annual improvements process. Staff will begin applying this new process to develop the Board’s first annual improvements exposure draft. Watch for more information to be posted on the Board’s website in the fall of 2018.

News


January 18, 2019

Document for Comment

Exposure Draft – 2018-2019 Annual Improvements to Public Sector Accounting Standards

We need your feedback! PSAB issued its first annual improvements Exposure Draft to correct errors in the wording or clarify the PSA Handbook and Statements of Recommended Practices. Submit your response by April 18, 2019.

November 13, 2018

News

Submit an Issue – PSAB Annual Improvements

November 13, 2018. Did you know you can provide PSAB with information on minor Handbook issues anytime? Review the submission requirements and how PSAB will address them through its new annual improvements process!

November 12, 2018

News

Approved! – 2018-2019 Annual Improvements Process

PSAB approved its annual improvements process in June 2018 to correct errors in the wording or clarify the CPA Canada Public Sector Accounting (PSA) Handbook or Statements of Recommended Practices (other guidance). Participate in this first annual improvements project this January when the first Annual Improvements exposure draft is issued!

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 ballot process.