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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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 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.

December 11-12, 2024 Meeting, Meeting Summary

PSAB Decision Summary – December 11-12, 2024

November 21, 2024 Resource, In Brief

In Brief – A plain and simple overview of the Reporting Model and the Financial Statement Presentation standard: then and now

Read our In Brief for more on the key aspects of PSAB’s new Reporting Model in Section PS 1202, Financial Statement Presentation. Learn about changes from Section PS 1201, Financial Statement Presentation, and find out how these amendments will impact users. The new Reporting Model takes effect for fiscal years beginning on or after April 1, 2026. Check out our In Brief and related resources to ensure you’re ready for the transition!