Public Sector Accounting Standards

Overview

Active Projects

Employee Benefits

PSAB approved the Re-exposure Draft “Employee Benefits, Proposed Section PS 3251” and accompanying Basis for Conclusions at its June 2024 meeting. It was issued on October 17, 2024, with a comment deadline of January 20, 2024.

Re-exposure Draft

Government Not-for-Profit: Capital Assets

PSAB is currently deliberating feedback received on its Exposure Draft, “Tangible Capital Assets, Proposed Amendments to Section PS 3150”

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Intangible Assets

Project approved September 2023

Narrow Scope Amendment: GAAP Designation of PSA Handbook Appendices

PSAB is currently deliberating feedback on the Exposure Draft

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CPA Canada Handbook

The CPA Canada Public Sector Accounting Handbook contains all the public sector accounting standards, set by the Public Sector Accounting Board.

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News

November 21, 2024 Resource, In Brief

In Brief – A plain and simple overview of the Reporting Model and the Financial Statement Presentation standard: then and now

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!

November 13, 2024 Webinar, Resource, Video

On-demand Webinar – PSAB’s Re-exposure Draft, “Employee Benefits, Proposed Section PS 3251”

Learn about key proposals in PSAB’s recently issued Re-exposure Draft “Employee Benefits, Proposed Section PS 3251” and stay informed about how upcoming changes could impact you. Watch our on-demand webinar and find out how we’re responding to your feedback on discount rate amendments.

October 17, 2024 News, Document for Comment

PSAB Re-exposure Draft – Employee Benefits, Proposed Section PS 3251

PSAB has issued the Re-exposure Draft, “Employee Benefits, Proposed Section 3251.” This limited re-exposure focuses on amendments to discount rate principles of the Exposure Draft issued in July 2021, including assessing funding status and sensitivity analysis disclosure requirements. Don’t miss your chance to review these amendments and send us your feedback by January 20, 2025.