Public Sector Accounting Standards

Public Private Partnerships

Summary

Identified as a priority in PSAB’s 2014 Project Priority Survey, the Board approved a project to develop authoritative guidance specific to public private partnerships.

Staff Contact(s)

Umar Saeed, MAcc, CPA, CA

Principal, Public Sector Accounting Board

Project Status

  • Information gathering

    Completed prior to 2015

  • Approving project

    PSAB approved the project proposal in December 2015

  • Consulting stakeholders

    PSAB established the Public Private Partnerships Task Force Q1 2016

    Statement of Principles published in 2017, followed by public outreach

    The Exposure Draft is being developed and expected to be published Q1 2019

  • Deliberating feedback
  • Final pronouncement

Meeting & event summaries


September 27, 2018

PSAB Decision Summary – September 27-28, 2018

The Board received an update on the status of the Public Private Partnerships project. The Task Force is planning to bring forward an exposure draft for Board approval at the December 2018 meeting.

June 21, 2018

PSAB Decision Summary – June 21-22, 2018

The Board received an update from the Task Force Chair and discussed two key issues on scope and discount rate raised from responses to the Statement of Principles. The Board provided feedback to the Task Force’s recommendations for addressing the issues. The Board expects to approve an exposure draft in December 2018.

June 22, 2017

PSAB Decision Summary – June 22-23, 2017

The Board approved a Statement of Principles, “Public Private Partnerships.” The document is expected to be issued in July 2017.

March 16, 2017

PSAB Decision Summary – March 16-17, 2017

PSAB discussed a draft statement of principles and provided feedback to its task force. PSAB plans to review a revised draft for approval in June 2017.

September 26, 2016

PSAB Decision Summary – September 26-27, 2016

PSAB considered key principles related to developing a statement of principles and provided feedback to the task force. PSAB expects to review a statement of principles at its December 2016 meeting.

December 14, 2015

PSAB Decision Summary – December 14-15, 2015

PSAB approved a project proposal to develop a standard on public private partnerships.

News


September 28, 2017

News

In Brief – Statement of Principles: Public Private Partnerships

September 28, 2017. In Brief is a new resource that provides a plain and simple overview on technical topics. Read the inaugural In Brief for an overview of the key principles developed in PSAB’s recently released Statement of Principles, Public Private Partnerships.

July 20, 2017

News

PSAB Statement of Principles – Public Private Partnerships

July 20, 2017. PSAB has issued a Statement of Principles that proposes a new standard on public private partnerships. Stakeholders are encouraged to submit their comments, on the form provided, by October 17, 2017.

April 5, 2016

News

CPA Magazine – Standards Digest – April 2016

April 5, 2016. CPA Magazine’s Standards Digest is a monthly snapshot into some of the latest standard-setting news and issues. This month, read about the AcSB’s 2016-2021 Strategic Plan and a Q&A with PSAB’s Director about the newly formed Public Private Partnerships Task Force.

Volunteer Opportunity – PSAB Public Private Partnerships Task Force
January 6, 2016. PSAB is currently seeking members for its Public Private Partnerships Task Force. If you are interested, please submit a resumé by February 15, 2016.

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.