Public Sector Accounting Standards

Government Not-for-Profit Strategy

Summary

In developing its 2017-2021 Strategic Plan, the Public Sector Accounting Board (PSAB) heard from its stakeholders that its government not-for-profit (GNFP) strategy required reassessment.

Over the 2017-2021 period, the Board intends to:

  • understand the fiscal and the regulatory environment in which GNFPOs operate;
  • understand the financial reporting needs and concerns of the GNFP stakeholders;
  • publish a consultation paper designed to seek input on key areas that will inform the board in developing the GNFP strategy; and
  • develop a GNFP strategy.

Staff Contact(s)

Ali Ahmed, CPA, CGA, FCCA (UK)

Principal, Public Sector Accounting Board

Project Status

  • Information gathering

    Completed in 2017-2018

  • Approving project

    Completed in June 2018

  • Consulting stakeholders

    A consultation paper is being prepared for release in May 2019.

  • Deliberating feedback
  • Final pronouncement

Meeting & event summaries


March 21, 2019

PSAB Decision Summary – March 21-22, 2019

PSAB approved the Consultation Paper, “Government Not-for-Profit.” The Consultation Paper will be issued for comment in spring 2019. The comment period will end on September 30, 2019. During the comment period, Board staff will consult extensively with the GNFP stakeholders.

January 7, 2019

PSAB Decision Summary – December 13-14, 2018

PSAB reviewed and provided feedback on the Government Not-for-Profit (GNFP) consultation paper. The consultation paper will detail the results of the 2017-2018 GNFP consultations, provide an overview of the Canadian and international financial reporting landscape, and seek feedback on different matters. The Board provided input on the questions for stakeholder feedback. Staff will present the consultation paper for approval at the Board’s March 2019 meeting. The Board expects to issue it in conjunction with the, International Strategy consultation paper 2.

September 27, 2018

PSAB Decision Summary – September 27-28, 2018

The Board discussed the contents of the Government Not-for-Profit (GNFP) consultation paper; specifically, matters on which the Board will seek feedback from the stakeholders. The consultation paper will articulate the results of the 2017-2018 GNFP consultations, provide an overview of the Canadian and international not-for-profit financial reporting landscape and seek feedback on different matters. The consultation paper is expected to be presented to the Board for approval at its December 2018 meeting.

June 21, 2018

PSAB Decision Summary – June 21-22, 2018

The Board approved a project proposal for a consultation paper communicating results on the outreach performed and seeking input from government not-for-profit stakeholders on key issues. The Board expects to discuss a draft consultation paper at the September 2018 meeting.

March 22, 2018

PSAB Decision Summary – March 22-23, 2018

The Board discussed the results of the consultations held with over 100 not-for-profit organizations and other stakeholders, and provided feedback to staff about next steps.

News


May 8, 2019

Document for Comment

Government Not-for-Profit Consultation Paper

PSAB issued its Government Not-for Profit Consultation Paper to inform the readers of the results of the 2017-2018 consultations and seek feedback on matters that would assist us in determining next steps relating to the government not-for-profit strategy. Read the paper and provide us with your feedback by September 30, 2019.

May 8, 2019

Resource

Podcast Script – Overview Matters for Feedback (Episode 3 of 3)

Ali Ahmed, PSAB Principal and lead on the Board’s Government Not-for-Profit (GNFP) strategy, discuss the specific areas PSAB wants feedback that would assist in determining next steps regarding the Government Not-for-Profit Strategy.

May 8, 2019

Resource

Podcast – Overview Matters for Feedback (Episode 3 of 3)

Ali Ahmed, PSAB Principal and lead on the Board’s Government Not-for-Profit (GNFP) strategy, discuss the specific areas PSAB wants feedback that would assist in determining next steps regarding the Government Not-for-Profit Strategy.

May 8, 2019

Resource

Podcast – Overview Results of the 2017-2018 Consultations (Episode 2 of 3)

Ali Ahmed, PSAB Principal and lead on the Board’s Government Not-for-Profit (GNFP) strategy, discusses the results of the 2017-2018 consultations with GNFP stakeholders.

May 8, 2019

Resource

Podcast Script – Overview Results of the 2017-2018 Consultations (Episode 2 of 3)

Ali Ahmed, PSAB Principal and lead on the Board’s Government Not-for-Profit (GNFP) strategy, discusses the results of the 2017-2018 consultations with GNFP stakeholders.

May 8, 2019

Resource

In Brief – Government Not-for-Profit Consultation Paper Results of the 2017-2018 Consultations

PSAB’s Government Not-for-Profit Consultation Paper is now out for comment until September 30, 2019. Read this plain and simple overview to understand the results of the 2017-2018 consultations with government not-for-profits that helped inform our consultation paper.

May 8, 2019

Resource

In Brief – Government Not-for-Profit Consultation Paper Matters for Feedback

Read this plain and simply overview of the matters for feedback in PSAB’s Government Not-for-Profit Consultation Paper. This paper is out for comment until September 30, 2019.

May 8, 2019

Resource

Podcast Script – Overview GNFP Strategy Project (Episode 1 of 3)

In this first episode of our 3-part series, hear Ali Ahmed, PSAB Principal and lead on the Board’s Government Not-for-Profit (GNFP) strategy, give an overview of the GNFP project and the many activities happening this year.

May 8, 2019

Resource

Podcast – Overview GNFP Strategy Project (Episode 1 of 3)

In this first episode of our 3-part series, hear Ali Ahmed, PSAB Principal and lead on the Board’s Government Not-for-Profit (GNFP) strategy, give an overview of the GNFP project and the many activities happening this year

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.