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.
In recent years, governments across Canada are increasingly using various forms of public private partnership arrangements for the provision of assets and delivery of services.
This project is expected to develop in two stages. The first stage will involve contemplating specific issues, including project scope, recognition and measurement of a public private partnership and disclosure requirements. Other issues will also be considered. The second stage will involve determining how to account for public private partnerships.
The objective is to develop a public sector accounting standard specific to public private partnerships.