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

CPA Canada Handbook

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

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News

February 8, 2024 Document for Comment

Exposure Draft Issued: PSAB Proposes to Assign Higher Authority to Four Application Guidance Appendices

In its narrow-scope amendment Exposure Draft, GAAP Designation of PSA Handbook Appendices, PSAB proposes to assign a higher level of authority under GAAP to four application guidance PSA Handbook Appendices. Tell us if you agree with the amendments and submit your feedback by April 11, 2024.

January 18, 2024 News

Submit an Issue to the PSA Discussion Group

Do you have concerns or questions related to the application of the PSA Handbook? Or would you like to know more about emerging issues impacting public sector reporting? If so, submit an issue to the PSA Discussion Group for consideration! Submissions for our upcoming June 2024 meeting are due April 19, 2024.

December 20, 2023 News, Document for Comment

PSAB Exposure Draft, Tangible Capital Assets, Proposed Amendments to Section PS 3150

PSAB has issued an Exposure Draft proposing amendments to “Tangible Capital Assets, Section PS 3150”. The amendments are a result of the review of Section PS 4230, Capital Assets Held by Not-for-Profit Organizations, and Section PS 4240, Collections Held by Not-for-Profit Organizations, as part of the GNFP Strategy implementation. Read the Exposure Draft to learn more and submit your feedback by April 15, 2024.