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Public Sector Accounting Standards

Public Private Partnerships

Summary

Identified as a priority in PSAB’s 2014 Project Priority Survey, the Board approved a project to develop authoritative guidance specific to public private partnerships.

Staff Contact(s)

Riley Turnbull, CPA, CA Principal, Public Sector Accounting Board

Project Status

  • Information gathering

    Completed prior to 2015

  • Approving project

    PSAB approved the project proposal in December 2015

  • Engaging Communities

    PSAB established the Public Private Partnerships Task Force Q1 2016

    Statement of Principles published in 2017, followed by public outreach

    The Exposure Draft is available for comment until February 29, 2020

  • Deliberating feedback

    PSAB reviewed stakeholder feedback received on the Exposure Draft in September 2020

  • Final pronouncement

    The Public Private Partnerships standard, Section PS 3160, was approved in December 2020. The standard will be issued in the PSA Handbook in April 2021, and is effective for fiscal years beginning on or after April 1, 2023

News


April 1, 2021

Resource, In Brief

In Brief – Public Private Partnerships, Section PS 3160

PSAB’s new standard on Public Private Partnerships was issued in April 2021. Read our plain and simple overview of this new standard, which addresses the accounting and reporting of infrastructure procured through public private partnership arrangements.

April 5, 2016

News

CPA Magazine – Standards Digest – April 2016

April 5, 2016. CPA Magazine’s Standards Digest is a monthly snapshot into some of the latest standard-setting news and issues. This month, read about the AcSB’s 2016-2021 Strategic Plan and a Q&A with PSAB’s Director about the newly formed Public Private Partnerships Task Force.

Volunteer Opportunity – PSAB Public Private Partnerships Task Force
January 6, 2016. PSAB is currently seeking members for its Public Private Partnerships Task Force. If you are interested, please submit a resumé by February 15, 2016.