Public Sector Accounting Standards

Review of International Strategy

Summary

In developing the 2017-2020 Strategic Plan, the Public Sector Accounting Board (PSAB) determined the time was appropriate to review its current approach towards International Public Sector Accounting Standards.

Staff Contact(s)

Michael Puskaric, MBA, CPA, CMA

Director, Public Sector Accounting Board

Project Status

  • Information gathering

    Completed in 2017

  • Approving project

    Completed in September 2017

  • Consulting stakeholders

    Consultation Paper – Reviewing PSAB’s Approach to International Public Sector Accounting Standards issued May 2018

  • Deliberating feedback

    PSAB to approve a second consultation paper at its March 2019 meeting

  • Final pronouncement

    PSAB is expected to make a final decision at its March 2020 meeting

Meeting & event summaries


March 22, 2018

PSAB Decision Summary – March 22-23, 2018

The Board approved the Consultation Paper, “Reviewing PASB’s Approach to International Public Sector Accounting Standards.” The Board expects to issue the Consultation Paper in the spring of 2018. This Consultation Paper’s purpose is to raise stakeholder awareness of the matters the Board considered and to solicit input concerning the criteria the Board will apply in developing its future international strategy.

December 14, 2017

PSAB Decision Summary – December 14-15, 2017

The Board reviewed a draft consultation paper outlining options for consideration and gave the staff feedback. The Board expects to approve the consultation paper at its March 2018 meeting.

News


August 29, 2018

News

In Brief – Consultation Paper, “Reviewing PSAB’s Approach to International Public Sector Accounting Standards

August 29, 2018. This In Brief provides a plain and simple overview of the elements in PSAB’s Consultation Paper, “Reviewing PSAB’s Approach to International Public Sector Accounting Standards”.

August 21, 2018

News

Video – Reviewing our International Strategy

August 21, 2018. Watch this easy-to-understand video on PSAB’s project, Reviewing our International Strategy. It takes you through the key aspects of this project’s first Consultation Paper – out for comment until September 28, 2018!

May 28, 2018

News

Major projects move ahead – PSAB releases documents for comment on its Conceptual Framework, Reporting Model and International Strategy proposals

May 28, 2018. PSAB released several documents for comment on topics that will impact stakeholders for decades to come. We want to hear from you! To support you in providing feedback, we are doing extensive outreach and have issued numerous plain language resources – from In Brief documents for specific stakeholder groups, podcasts, and summary comparisons. Stay tuned for more!

May 28, 2018

News

Consultation Paper – Reviewing PSAB’s Approach to International Public Sector Accounting Standards

May 28, 2018. This Consultation Paper introduces the criteria PSAB will use to make a decision on its future international strategy and illustrates the application of the criteria through four possible options. Stakeholders are encouraged to submit their responses by September 28, 2018.

November 10, 2017

News

New Project – PSAB to Review its International Strategy

November 10, 2017. As part of its 2017-2020 Strategic Plan, PSAB has approved a new project that may change the role the Board plays in setting standards in Canada.

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.