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Public Sector Accounting Standards

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February 27 - March 19, 2024

Meeting, Video, Webinar, News

Webinars – PSAB’s New Conceptual Framework for Financial Reporting in the Canadian Public Sector and PSAB’s New Reporting Model (Section PS 1202, Financial Statement Presentation)

Register now for the webinars on PSAB's new Conceptual Framework and PSAB's new Reporting Model, taking place on February 27 and March 19, 2024, respectively.”

December 20, 2023

Resource, In Brief

In Brief – PSAB Exposure Draft – Tangible Capital Assets, Proposed Amendments to Section PS 3150

Read our In Brief for an overview of the Exposure Draft, “Tangible Capital Assets, Proposed Amendments to Section PS 3150." The proposals are a result of the review of Section PS 4230, Capital Assets Held by Not-for-Profit Organizations, and Section PS 4240, Collections Held by Not-for-Profit Organizations, as part of the Government Not-for-Profit Strategy implementation.

October 10, 2023

News, Resource, Guidance

PSAB’s Reporting Model: Resources

Check out our resources and non-authoritative guidance to better understand PSAB’s Reporting Model in Section PS 1202, Financial Statement Presentation. The Reporting Model is effective for fiscal years beginning on or after April 1, 2026 – refer to these resources to learn how to apply this foundational standard for the public sector.

June 22, 2023

Resource, Guidance

The Conceptual Framework: Resources to help you prepare

Use our resources and non-authoritative guidance to better understand the Conceptual Framework and how to apply this foundational framework for the public sector. PSAB’s new Conceptual Framework is effective for fiscal years beginning on or after April 1, 2026, so start preparing now.

January 10, 2023

Resource, Webinar

On-Demand Workshop: Introduction to International Public Sector Accounting Standards (IPSAS)

Watch our videos to learn about the International Public Sector Accounting Standards Board (IPSASB) and its accounting standards for public sector entities, related to routine transactions of assets, liabilities, revenues and expenses.

May 5, 2022

Resource, Other

Basis for Conclusions – Government Not-for-Profit Strategy

PSAB has released its Basis for Conclusions for its Government Not-for-Profit (GNFP) Strategy Decision, which provides an overview of key feedback from stakeholders and how PSAB responded. 

February 22, 2022

International Activity, Resource, Article

IPSASB issues Exposure Draft 81, Proposed Update to Conceptual Framework

The IPSASB released Exposure Draft 81, Proposed Update to Conceptual Framework. PSAB encourages stakeholders to send comments directly to the IPSASB by May 31, 2022. If you would like PSAB to consider your feedback in its response, please reply by May 16, 2022.

December 6, 2021

Resource, Webinar

Webinar – PSAB’s International Strategy Update

In 2020, after extensive consultation with Canadians and careful consideration, the Public Sector Accounting Board (PSAB) decided to continue developing Public Sector Accounting Standards (PSAS), but future standards would be based on International Public Sector Accounting Standards (IPSAS) principles. This means that if a project is undertaken and an IPSAS already exists, the principles of that IPSAS will be used as a base for developing the corresponding Canadian PSAS. Watch our recorded English or French webinar to learn about the work PSAB has done related to the implementation of its International Strategy.

September 27, 2021

Webinar

Webinar – PSAB’s Exposure Draft “Employee Benefits, Proposed Section PS 3251”

Learn more about key proposals in PSAB’s Exposure Draft “Employee Benefits, Proposed Section PS 3251,” by watching our on-demand webinar in English or French. Comments for the Exposure Draft are due November 25, 2021.

July 28, 2021

Resource, In Brief

In Brief – Exposure Draft, “Employee Benefits, Proposed Section PS 3251”

Read PSAB’s plain and simple overview of our Exposure Draft, “Employee Benefits, Proposed Section PS 3251.” The first phase of this multi-phase standard focuses on discount rate guidance and deferral provisions. Learn more about our key proposals and submit your comments on the Exposure Draft by November 25, 2021!