This summary of decisions of the Public Sector Accounting Board (PSAB) has been prepared for information purposes only. Decisions reported are tentative and reflect only the current status of discussions on projects, which might change after further deliberations by PSAB. Decisions to publish exposure draft and Handbook material are final only after a formal ballot process.
Standards for Public Sector Entities
Public Private Partnerships
PSAB reviewed the responses to the November 2019 Exposure Draft, “Public Private Partnerships,” and the analysis of responses. The Board considered proposed modifications to the proposed Section PS 3160, Public Private Partnerships, based on stakeholder feedback, with the intent to approve the final standard at the December 2020 Board meeting.
Employment Benefits
PSAB discussed the first draft of the employment benefits standard and gave feedback for developing of the exposure draft. The Board will continue to discuss the core topics in upcoming meetings.
Other Matters
International Strategy
PSAB reviewed and approved the:
- Exposure Draft, “Proposal to Modify the Canadian Public Sector GAAP Hierarchy”; and
- "Criteria for Modifying and Reviewing IPSAS Principles.”
The Board expects to issue both documents in fall 2020.