News Listings

Read these top 5 frequently asked questions as both a reminder and update in advance of coming decisions related to the IRCSS’ Final Report – decisions that will pave the way forward for standard setting in Canada for years to come.

Are you interested in driving public sector accounting standard-setting in Canada? Do you want to help ensure that these standards are set in the public interest? If so, PSAB has a great opportunity for you! Learn more about the role and apply by September 30, 2023.

Could changing existing accounting standards through scaling better meet the needs of entities of all sizes and those who use them? Share your experience and help the AcSB decide on the direction for this project. Public sector entities have until July 31, 2023, to weigh in.

The Board discussed updates related to the Public Sector Accounting Discussion Group, Employee Benefits, Intangible Assets, Government Not-For-Profit (GNFP), the Accounting Standards Board (AcSB), and more. Read the Decision Summary for full details.

Use our resources and non-authoritative guidance to better understand the Conceptual Framework and how to apply this foundational framework for the public sector. PSAB’s new Conceptual Framework is effective for fiscal years beginning on or after April 1, 2026, so start preparing now.

PSAB will soon initiate a project to review its standards on Contributions – part of our Government Not-for-Profit (GNFP) Strategy implementation plan. Did you know that the Accounting Standards Board (AcSB) currently has its Exposure Draft, “Contributions – Revenue Recognition and Related Matters” out for public comment? GNFPs interested in providing feedback have until September 30, 2023 to weigh in.

Building from the groundwork of our 2022-2027 Strategic Plan, PSAB has continued working to strengthen the foundation of Canadian public sector accounting standards, successfully completing several key strategic initiatives. Read about PSAB’s 2022-2023 activities and accomplishments in this year’s Annual Report.

This Annual Plan sets out the Board’s key activities and project milestones in 2023-2024. Read the plan for details of how PSAB will work with its partners to meet the objectives of the Strategic Plan.

The Board discussed updates related to the Annual Report 2022-2023, the Reporting Model, the Technical Advisory Group (TAG), the Indigenous Advisory Group (IAG), Employee Benefits, and more. Read the Decision Summary for full details.

Do you have concerns or questions related to the application of the PSA Handbook? Submit an issue to the PSA Discussion Group for consideration. Submissions for our upcoming June 2023 meeting are due April 17, 2023.