Public Sector Accounting Standards

Overview

Active Projects

Concepts Underlying Financial Performance	Conceptual Framework: PSAB has approved the Conceptual Framework for Financial Reporting in the Public Sector and a series of consequential amendments to various standards in the PSA Handbook. This Conceptual Framework and related consequential amendments have now been published in the PSA Handbook and will be effective for fiscal years beginning on or after April 1, 2026. A comprehensive package of plain language documents and non-authoritative guidance will be issued in due time to help interested and affected parties understand the various aspects of the new Conceptual Framework.	Read more
Employee Benefits	PSAB is currently deliberating feedback received on the Employee Benefits Exposure Draft	Exposure Draft
Government Not-for-Profit: Capital Assets	PSAB approved the Exposure Draft, “Tangible Capital Assets, Proposed Amendments to Section PS 3150” for public consultation at its September 2023 meeting	Exposure Draft
Intangible Assets	Project approved September 2023
Narrow Scope Amendment: GAAP Designation of PSA Handbook Appendices	PSAB issued its Exposure Draft, “Narrow Scope Amendment: GAAP Designation of PSA Handbook Appendices”, in February 2024	Exposure Draft

The CPA Canada Public Sector Accounting Handbook contains all the public sector accounting standards, set by PSAB. Its available in print and online.