Public Sector Accounting Standards

2019-2020 Annual Improvements

Summary

The Public Sector Accounting Board (PSAB) adopted an annual improvements process to make minor improvements to the CPA Canada Public Sector Accounting (PSA) Handbook or Statements of Recommended Practices (other guidance).

The annual improvements process:

  • clarifies standards or other guidance; or
  • corrects relatively minor unintended consequences, conflicts or oversights.

Major or narrow-scope amendments to the standards or other guidance are not included in the annual improvements process.

Staff Contact(s)

Joanna Chrzanowski, CPA, CA

Principal, Public Sector Accounting Board

Project Status

  • Information gathering

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

  • Approving project

    PSAB approved the annual improvements process in June 2018.

    PSAB will discuss the issues that will be included in the 2019-2020 Annual Improvements Exposure Draft in September 2019.

  • Consulting stakeholders

    The 2019-2020 Annual Improvements Exposure Draft is set to be issued January 2020

  • Deliberating feedback

    PSAB will deliberate responses in June 2020.

  • Final pronouncement

    Final Handbook amendments are expected to be approved in June 2020 and issued in August 2020.

Participate

Participate in the Annual Improvements Process

Get your issues into PSAB by June 30, 2019 to ensure they are considered in the 2019-2020 Annual Improvements project!

Meeting & event summaries


News


June 14, 2019

News

Submit an Issue – PSAB 2019-2020 Annual Improvements

The deadline to submit your issues to ensure that they are considered in the 2019-2020 Annual Improvements project is approaching.  Get your issues into PSAB by June 30, 2019

November 13, 2018

News

Submit an Issue – PSAB Annual Improvements

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!