Public Sector Accounting Standards
November 21, 2024
Resource, In Brief
Read our In Brief for more on the key aspects of PSAB’s new Reporting Model in Section PS 1202, Financial Statement Presentation. Learn about changes from Section PS 1201, Financial Statement Presentation, and find out how these amendments will impact users. The new Reporting Model takes effect for fiscal years beginning on or after April 1, 2026. Check out our In Brief and related resources to ensure you’re ready for the transition!
October 17, 2024
PSAB has issued the Re-exposure Draft, “Employee Benefits, Proposed Section PS 3251.” This Re-exposure Draft focuses on amendments to previously exposed discount rate principles for defined benefit plans. Read our In Brief to learn more about the proposals and how you can provide your input.
February 27 - March 19, 2024
Meeting, Video, Webinar, News
Watch these on-demand webinars for an overview of PSAB’s new Conceptual Framework and Reporting Model, including how you can start preparing for implementation.
February 23, 2024
Webinar, Video
Watch a recording of our February 1, 2024, webinar to learn more about key proposals in PSAB’s Exposure Draft, “Tangible Capital Assets, Proposed Amendments to Section PS 3150.” Viewing this webinar and successful completion of the quiz may count towards your CPD requirements.
December 20, 2023
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
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
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
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.
February 22, 2022
International Activity, Resource, Article
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.
April 8, 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.