Resources

In 2020, after extensive consultation with Canadians and careful consideration, the Public Sector Accounting Board (PSAB) decided to continue developing Public Sector Accounting Standards (PSAS), but future standards would be based on International Public Sector Accounting Standards (IPSAS) principles. This means that if a project is undertaken and an IPSAS already exists, the principles of that IPSAS will be used as a base for developing the corresponding Canadian PSAS. Watch our recorded English or French webinar to learn about the work PSAB has done related to the implementation of its International Strategy.

Learn more about key proposals in PSAB’s Exposure Draft “Employee Benefits, Proposed Section PS 3251,” by watching our on-demand webinar in English or French. Comments for the Exposure Draft are due November 25, 2021.

Read PSAB’s plain and simple overview of our Exposure Draft, “Employee Benefits, Proposed Section PS 3251.” The first phase of this multi-phase standard focuses on discount rate guidance and deferral provisions. Learn more about our key proposals and submit your comments on the Exposure Draft by November 25, 2021! 

Need help evaluating a government business enterprise's financial self-sufficiency or viability during the COVID-19 pandemic? PSAB’s new how-to guidance offers insights into how you can do so.

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.

This international summary comparison document provides an overview of the differences between the two reporting models. This comparison is helpful given PSAB’s decision to adapt IPSAS principles when developing future standards. Please note: The comment deadline for PSAB’s Exposure Draft, “Financial Statement Presentation, Proposed Section PS 1202” is June 30, 2021. 

This international summary comparison document provides an overview of the differences between the two conceptual frameworks. This comparison is helpful given PSAB’s decision to adapt IPSAS principles when developing future standards. Please note: The comment deadline for PSAB’s Exposure Draft, “Conceptual Framework for Financial Reporting in the Canadian Public Sector” is June 30, 2021.

Have your say on PSAB’s Government Not-for-Profit Strategy Consultation Paper II. This plain and simple overview outlines the options considered and the decision-making criteria used to evaluate them in proposing an updated Government Not-for-Profit Strategy. Please note: The comment deadline for this Consultation Paper was extended to June 30, 2021.

Use this visual while reviewing PSAB’s proposals for a revised reporting model to support your understanding of the proposals and to better understand how the various statements are interconnected. Please note: The comment deadline for PSAB’s Exposure Draft, “Financial Statement Presentation, Proposed Section PS 1202” is June 30, 2021. 

A plain and simple overview of the key proposals in the Exposure Draft, “The Conceptual Framework for Financial Reporting in the Canadian Public Sector,” including proposed changes addressing key stakeholder concerns from the last round of consultations. Please note: The comment deadline for this Exposure Draft was extended to June 30, 2021.