Resources

A plain and simple overview of the key proposals in the Exposure Draft, “Financial Statement Presentation, Proposed Section PS 1202,” 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. 

The revised conceptual framework will be the foundation for establishing public sector accounting standards for years to come. This visual outlines the main concepts proposed for a revised conceptual framework in an easy-to-understand way – supporting your understanding of our proposals. Please note: The comment deadline for PSAB’s Exposure Draft, “Conceptual Framework for Financial Reporting in the Canadian Public Sector” is June 30, 2021.

This document sets out how the Board reached its decision to pursue Option 2: Adapt IPSAS principles when developing future standards as its future International Strategy. Read the Basis for Conclusions for full details.

The COVID-19 pandemic significantly affected governments, businesses, and the public globally. Government responses and the COVID-19-related financial and economic consequences will need to be considered in financial reporting of public sector organizations. Read this non-authoritative guidance for more details.

October 16, 2018. Tune in to this webinar on November 16, 2018 (English) or November 22, 2018 (French) to learn about the key features of PSAB’s Invitation to Comment, “Employment Benefits: Non-traditional Pension Plans.”

Do you represent or advise a Canadian government not-for-profit organization? Are you a user of government not-for-profit entity financial statements? If so, get to know the latest results of the government-not-for-profit consultations and the actions PSAB has taken to address some of the issues raised. Tune in on October 29, 2018 (English only).

Do you represent or advise a Canadian government not-for-profit organization? Are you a user of government not-for-profit entity financial statements? If so, get to know the latest results of the government-not-for-profit consultations and the actions PSAB has taken to address some of the issues raised. Tune in on October 29, 2018 (English only).

August 14, 2018. Tune in to this webinar on October 17, 2018 (English) or November 7, 2018 (French) to learn about the key features of PSAB’s Statement of Principles, “A Revised Reporting Model for the Canadian Public Sector.”

August 14, 2018. Tune in to this webinar on October 15, 2018 (English) or November 5, 2018 (French) to learn about the key features of PSAB’s Statement of Concepts, “A Revised Conceptual Framework for the Canadian Public Sector.”

The choice of discount rate could have significant effects on the benefit obligation reported. Read this article to learn about the debate on which discount rate would best reflect the time value of money in determining the benefit obligation.