Resources

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.

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.

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. 

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.

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.

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.

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! 

Need help evaluating a government business enterprise's financial self-sufficiency or viability during the COVID-19 pandemic? PSAB’s new how-to guidance offers insights into how you can do so.

This international summary comparison document provides an overview of the differences between the two conceptual frameworks. This comparison is helpful given PSAB’s decision to adapt IPSAS principles when developing future standards. Please note: The comment deadline for PSAB’s Exposure Draft, “Conceptual Framework for Financial Reporting in the Canadian Public Sector” is June 30, 2021.

This international summary comparison document provides an overview of the differences between the two reporting models. This comparison is helpful given PSAB’s decision to adapt IPSAS principles when developing future standards. Please note: The comment deadline for PSAB’s Exposure Draft, “Financial Statement Presentation, Proposed Section PS 1202” is June 30, 2021.