Public Sector Accounting Standards

PSAB Future Work Plan Consultation

Summary

PSAB is embarking on its Future Work Plan Consultation to gather input on the projects it should take on, to help fulfill the strategies identified in its Strategic Plan 2022-2027. Some strategies, as outlined in the 2022-2023 Annual Plan, are already underway.

Through the Future Work Plan Consultation, PSAB would like to know which additional projects may be considered when residual resources become available.

Staff Contact(s)

Jean Goguen, CPA, CMA Principal, Public Sector Accounting Board

+1 416 204 3253

[email protected]

Project Status

Information gathering

Completed by December 2021
Approving project

PSAB reviewed and approved the project in March 2022
Consulting stakeholders

Consultation Paper issued in August 2022

Consultation Paper
Deliberating feedback

November 2022 to January 2023
Final pronouncement

Consultation concluded

PSAB received a significant amount of feedback on its Future Work Plan Consultation

The Board decided that a project on Intangibles should be added to PSAB’s 2023-2024 Annual Plan

A feedback summary will be released by March 2023 to detail the participation and results from the Consultation survey

News

August 25, 2022

Document for Comment

PSAB Future Work Plan Consultation

PSAB is embarking on its Future Work Plan Consultation to gather input on the projects it should take on, to help fulfill the strategies identified in its Strategic Plan 2022-2027. Read the Consultation Paper and provide your input via our Survey.

April 21, 2022

News

PSAB’s 2022-2027 Strategic Plan

The Board released its 2022-2027 Strategic Plan after extensive consultation with stakeholders. Read this document for the key strategic objectives that will guide PSAB over the next five years.

April 14, 2022

News

PSAB 2022-2023 Annual Plan

This Annual Plan sets out the Board’s key activities and project milestones in 2022-2023. Read the plan for details of how PSAB will work with its stakeholders to meet the objectives of the Strategic Plan.

Meeting & event summaries

January 26, 2023

PSAB Decision Summary – January 17, 2023

PSAB received a significant amount of feedback on its Future Work Plan Consultation (Consultation). At this meeting, the Board reviewed the survey results and feedback received from Consultation to determine which projects should be added to PSAB’s technical agenda. The Board decided on the following:

While PSAB has limited resources, the 2023-2024 Draft Annual Plan indicates that there are sufficient resources to commence one new project.
There was an agreement that a project on Intangibles should be added to PSAB’s 2023-2024 Annual Plan. A formal project proposal would be prepared and presented to the Board to determine the scope of the project in accordance with PSAB’s Due Process by the fall of 2023.
Public communication of the survey results and feedback received from the Consultation will be summarized alongside PSAB’s 2023-2024 Annual Plan. 2023-2024 Draft Annual Plan & Risk Assessment

April 21, 2022

PSAB Decision Summary – March 30-31, 2022

PSAB reviewed and discussed the proposed consultation, including:

the consultation’s objective to identify possible future projects for PSAB for resources not required for other approved initiatives;
the proposed major and minor list of these possible future projects;
the consultation’s relationship with the approved strategic and annual plan, that these possible future projects are not substitutes for initiatives approved in either plan; and
the consultation’s communication strategy.

While it agreed with the consultation’s direction, PSAB requested changes to the document to improve clarity with respect to the items listed above.

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 voting process.