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PSAB will continue to develop relevant, high-quality public sector accounting standards. This includes progress on major projects like Intangible Assets and the Government Not-for-Profit Strategy. As this work progresses, feedback from advisory groups will continue to inform our Board’s next steps. Read more about our 2026-2027 Annual Plan.

The AcSB’s 2026–2027 Annual Plan describes the Board’s key activities and project milestones for the year. The Plan also highlights our progress on objectives from the 2022–2027 Strategic Plan. Read more about our work to enhance the relevance of financial and non‑financial reporting information, continued engagement in international standard-setting activities, and consideration of emerging issues such as the implications of technological developments, including artificial intelligence, for financial reporting.

The CSSB’s Annual Plan outlines the Board’s key activities for the year ahead that advance objectives set in the 2025–2028 Strategic Plan, including CSDS outreach, new advisory committees, and foundational research on Indigenous participation. Read the full plan for more details.

The 2026-2027 Annual Plan outlines the AASB’s planned work and priorities for the upcoming year. Read about our key activities and how we will advance our strategic goals.

The Canadian Sustainability Standards Board (CSSB) has been reappointed to the IFRS Sustainability Standards Advisory Forum. This appointment ensures Canada remains engaged in global sustainability standard-setting discussions, enabling the CSSB to bring Canadian perspectives to international conversations and stay closely connected to developments shaping global sustainability disclosure standards. Read more about the appointment and its significance for Canada.

The AcSB discussed the Detailed Review of ASPE project, Guidance Framework topics, Contributions, and more. Read the decision summary for full details.

At its March 11–12, 2026, meeting, PSAB approved projects to amend Section PS 2120, Accounting Changes, and to adapt IPSAS 21 Impairment of Non-Cash Generating Assets for the Canadian public sector. The Board also concluded that a post‑implementation review of the Financial Instruments suite of standards is not required and discussed key updates across several other ongoing projects and advisory groups. Read the decision summary for full details.

At its March meeting, the AASB approved two new Canadian standards: CSRS 4250, Compilation Engagements on Future-oriented Financial Information (FOFI) and Pro Forma, and CSSA 5000, General Requirements for Sustainability Assurance Engagements. The Board also approved its 2025–2026 Performance Assessment and 2026–2027 Annual Plan and discussed several significant standard-setting initiatives currently underway. Read the decision summary for full details.

The CSSB approved an exposure draft proposing amendments to CSDS 2, Climate-related Disclosures, to correspond with the ISSB’s final amendments to IFRS S2. The Board also approved its 2025-2026 Performance Report, its 2026-2027 Annual Plan, and proposed changes to the Terms of Reference for the Sustainability Standards Advisory Committee and the Sustainability Technical and Implementation Advisory Committee. Read the decision summary for full details.

The Accounting Standards Board (AcSB) issued its Exposure Draft that corresponds to the International Accounting Standards Board’s Exposure Draft on this topic. If you would like your feedback considered prior to the AcSB finalizing its comment letter, please respond by March 27, 2026.