PSAB

Public Sector Accounting Board

About PSAB

The Public Sector Accounting Board (PSAB) was created to serve the public interest by establishing accounting standards for the public sector. We also provide guidance for financial and other performance information reported by the public sector.

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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.

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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”! Join us for a live webinar on November 13, 2024, and find out how we’re responding to your feedback on discount rate amendments. This webinar will be conducted in English with simultaneous translation to French. Register now and stay informed about how upcoming changes could impact you.

Upcoming meetings & events

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November 28, 2024 PSA DG Meeting – November 28, 2024 10:30 a.m. – 4:00 p.m. EST Toronto, Ontario

Join us as an observer for our upcoming Public Sector Accounting Discussion Group meeting on November 28, 2024. Register now to attend the meeting remotely or in person (conducted in English with live French translation). Stay tuned for the full agenda. 

December 11, 2024 PSAB Meeting – December 11-12, 2024 11:00 a.m. – 4:00 p.m. EST (each day)

March 26, 2025 PSAB Meeting – March 26-27, 2025 9:00 a.m. – 5:00 p.m. EST (Mar. 26, 2025) 9:00 a.m. – 3:00 p.m. EST (Mar. 27, 2025) Toronto, ON

Meeting & event summaries

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September 25-26, 2024 PSAB Decision Summary – September 25-26, 2024

PSAB discussed topics such as the Government Not-for-Profit Capital Assets project, Intangible Assets project, International Public Sector Accounting Standards Board update, generally accepted accounting principle designations in the Public Sector Accounting Handbook Appendices, and more. Read the Decision Summary for full details.

June 26-27, 2024 PSAB Decision Summary – June 26-27, 2024

PSAB discussed topics such as the Post-implementation Review Assessment, Employee Benefits, the Public Sector Accounting Discussion’s Group’s 5-year review, Intangible Assets, and more. Read the Decision Summary for full details.

June 7, 2024 Now Available! Public Sector Accounting Discussion Group Meeting Report – June 7, 2024

The Group discussed Asset Retirement Obligations: Exploration of Potential Application Issues, Application of GAAP Hierarchy – Operating Leases, Lessee Accounting Treatment, and more. Read the meeting report for full details.

News

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October 22, 2024 News, Volunteer Opportunity

Volunteer Opportunity – PSAB’s Cloud Computing Task Force

Join a network of experts and stay ahead of the curve on an important topic in public sector accounting! Apply now for our Cloud Computing Task Force and help develop guidance for cloud computing arrangements in the public sector. Applications are due December 18, 2024.

October 17, 2024 Resource, In Brief

In Brief – A plain and simple overview of PSAB’s Re-exposure Draft, “Employee Benefits, Proposed Section PS 3251”

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.

August 14, 2024 International Activity, News

IPSASB issues Exposure Draft 90, “Amendments to IPSAS as a Result of the Application of IPSAS 46, Measurement”

The International Public Sector Accounting Standards Board (IPSASB) released the Exposure Draft 90, “Amendments to IPSAS as a Result of the Application of IPSAS 46, Measurement.” We encourage you to respond to this Exposure Draft so Canadian perspectives are considered. Do your part to ensure future international standards serve the Canadian public interest. Submit your comments to IPSASB by November 29, 2024.