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Public Sector Accounting Standards

Government Not-for-Profit Strategy

Summary

In developing its 2017-2021 Strategic Plan, the Public Sector Accounting Board (PSAB) heard from its stakeholders that its government not-for-profit (GNFP) strategy required reassessment.

Over the 2017-2021 period, the Board intends to:

  • understand the fiscal and the regulatory environment in which GNFPOs operate;
  • understand the financial reporting needs and concerns of the GNFP stakeholders;
  • publish a consultation paper designed to seek input on key areas that will inform the board in developing the GNFP strategy; and
  • develop a GNFP strategy.

Staff Contact(s)

Camila Santos, CPA Principal, Public Sector Accounting Board

Phone number  +1 416 204 3300
Email address  [email protected]
Sandra Waterson, CPA, CA Principal, Public Sector Accounting Board

Phone number  +1 416 204 3282
Email address  [email protected]

Project Status

  • Information gathering

    Completed in 2017-2018

  • Approving project

    Completed in June 2018

  • Engaging Communities

    Government Not-for-Profit Consultation Paper I issued May 2019

    In September 2020, PSAB approved the Government Not-for-Profit Strategy Consultation Paper II

  • Deliberating feedback

    The Government Not-for-Profit Strategy Consultation Paper II was issued in January 2021

  • Final pronouncement

    At its March 2022 meeting, PSAB decided on Option 2 – PSAS incorporating the PS 4200 series with potential customizations as its GNFP Strategy

    At its June 2022 meeting, PSAB approved the GNFP Strategy implementation plan

    Basis for Conclusions

GNFP Strategy Decision and Implementation Plan

Understand more about the GNFP Strategy Decision and Implementation Plan by watching our on-demand webinar.

Learn more

News

November 9, 2022

Resource, Webinar

On-demand Webinar – Government Not-for-Profit (GNFP) Strategy Decision and Implementation Plan

Watch the recorded English or French webinar to learn about PSAB’s Government Not-for-Profit (GNFP) Strategy Decision and Implementation Plan.

Disclaimer

This project summary has been prepared for information purposes only. Decisions reported are tentative and reflect only the current status of discussions on this project, which may change after further Board deliberations. Decisions to publish Handbook material are final only after a formal voting process.