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Chartered Accountants of Canada Public Sector Accounting Board - Conseil sur la comptabilité dans le secteur public
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PSAB News and Updates

 

 

Asset Retirement Obligations Task Force Members Sought
January 17, 2012. This Task Force will develop a public sector standard addressing accounting and financial reporting issues relating to asset retirement obligations.

PSAB December 15-16, 2011 Decision Summary
January 13, 2012. An executive summary of discussions and decisions with respect to projects addressed in this meeting.

Financial Instruments — Transitional Provisions
January 9, 2012. PSAB has issued an Exposure Draft that proposes to make amendments to the transitional provisions in Section PS 2601, Foreign Currency Translation, and Section PS 3450, Financial Instruments. Comments, on the form provided, are due February 24, 2012.

AcSOC Seeking New PSAB Members
December 8, 2011. The Accounting Standards Oversight Council is currently seeking new members to appoint to the Public Sector Accounting Board.

Job Opportunity — Principal, Public Sector Accounting
December 6, 2010. The CICA is seeking an individual to join the public sector accounting team to develop accounting and financial reporting standards for the public sector in Canada.

PSAB Matters November 2011
November 17, 2011. The November issue of this e-newsletter includes a message from the Chair and articles on topics of interest to public sector stakeholders.

PSAB Seeking New Task Force Members
November 17, 2011. PSAB is seeking individuals interested in joining a task force to examine financial reporting issues facing public sector entities reporting revenues.

IPSASB Long-Term Fiscal Sustainability Exposure Draft
November 14, 2011. IPSASB has issued an Exposure Draft entitled “Reporting on the Long-Term Sustainability of a Public Sector Entity’s Finances.” Canadian stakeholders are encouraged to provide their views to IPSASB. Comments are requested by February 28, 2012.

IPSASB Reporting Service Performance Information Consultation Paper
November 14, 2011. IPSASB has issued a Consultation Paper entitled “Reporting Service Performance Information.” Canadian stakeholders are encouraged to provide their views to IPSASB. Comments are requested by April 14, 2012.

Related Party Transactions
November 14, 2011. The deadline for comments on the Invitation to Comment — Definition and Disclosure — and the Issues Paper — Recognition and Measurement — has been extended from November 14, 2011 to November 30, 2011.

Stakeholder Survey on PSAB Performance
October 31, 2011. PSAB is seeking feedback from stakeholders to help gauge its performance and identify areas for development. Completed surveys are requested by November 21, 2011.

PSAB September 29-30, 2011 Decision Summary
October 27, 2011. An executive summary of discussions and decisions with respect to projects addressed in this meeting.

AcSOC Seeks Chair for PSAB
October 25, 2011. The Accounting Standards Oversight Council is seeking an exceptional individual to serve as a Chair of the Public Sector Accounting Board, beginning January 2012.

PSAB Annual Report 2010-2011
October 19, 2011. PSAB reports on the results of its activities and performance during the year, including standards development, strategic planning, stakeholder outreach and more.

Related Party Transactions — Definition and Disclosure
October 5, 2011. PSAB has issued an Invitation to Comment that seeks input on key principles and definitions that the Board expects to include in a future exposure draft. Comments, on the form provided, are requested by November 14, 2011.

Related Party Transactions — Recognition and Measurement
October 5, 2011. PSAB has issued an Issue Paper that seeks views on recognition and measurement of related party transactions as well as information on how these transactions are currently accounted for and reported. Comments, on the form provided, are requested by November 14, 2011.

Webcast — Conceptual Framework — Characteristics
September 23, 2011. A companion webcast that explains Consultation Paper 1 issued by PSAB’s Conceptual Framework Task Force in August 2011 is now available.

Conceptual Framework — Characteristics
August 25, 2011. PSAB’s Conceptual Framework Task Force has issued a Consultation Paper to seek input on the key characteristics of public sector entities. Comments, on the form provided, are requested by October 15, 2011.

Handbook Improvements
August 15, 2011. PSAB has issued an Exposure Draft that proposes to make amendments to improve accounting standards for public sector entities. Comments, on the form provided, are requested by October 28, 2011.

Financial Instruments and Foreign Currency Translation
July 29, 2011. Basis for Conclusions documents for Section PS 1201, Financial Statement Presentation, Section PS 2601, Foreign Currency Translation and Section PS 3450, Financial Instruments are now available.

PSAB Matters July 2011
July 27, 2011. The July issue of this e-newsletter includes a message from the Chair and articles on topics of interest to public sector stakeholders.

Public Sector Not-for-Profit Organizations Face Decisions
July 20, 2011. An article to assist government not-for-profit organizations in understanding the changes in the accounting standards they will follow has been posted.

PSAB June 23-24, 2011 Decision Summary
July 19, 2011. An executive summary of discussions and decisions with respect to projects addressed in this meeting.

Archived News

 
  

PSAB Handbook
Click here to order a copy

Webcast: Characteristics of Public Sector Entities

Adopting Public Sector Accounting Standards

AcSB/PSAB Joint Not-for-Profit Task Force

Documents for Comment

Plain Language Documents

Issues Analysis

Summary Comparison 
of CICA PSA Handbook 
and CICA Handbook – 
Accounting

FAQ: Accounting Standards for Government Not-for-Profit Organizations (GNFPOs)

Determining an Organization's Basis of GAAP

Annual Report 
2010-2011

PSAB What it is & What it does

Standards Digest