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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Narrow-scope Amendment: SORP-1 Consistency Updates

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

December 11-12, 2024 Meeting, Meeting Summary

PSAB Decision Summary – December 11-12, 2024

PSAB discussed the Indigenous Advisory Group, Annual Improvements, Government Not-for-Profit projects, the 2024-2025 Performance Report and 2025-2026 Annual Plan, Public Sector Accounting Discussion Group, Statement of Recommended Practice 1, Financial Statement Discussion & Analysis, and the Intangible Assets Project and more. Read the Decision Summary for full details.

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 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.