News Listings

We are pleased to announce new members and re-appointed members, and thank those retiring, to the Council, the AcSB and PSAB. See the appointments page for full details.

We are pleased to announce new members and re-appointed members, and thank those retiring, to the Council, the AcSB and PSAB. See the appointments page for full details.

Learn more about key proposals in PSAB’s Exposure Draft “Financial Statement Presentation, Proposed Section PS 1202.” Watch the recorded English webinar or tune in live on March 31, 2021 for the French webinar. 

At its recent meeting, the Board discussed the International Strategy project and updates to the GAAP hierarchy. Read the Decision Summary for full details.

Financial statements are a tool for holding public sector entities accountable for the use of taxpayer dollars. Read this article to find out how PSAB’s proposals aim to increase the accountability value of public sector financial statements.

The IPSASB released Exposure Draft 75, Leases, which proposes aligning with IFRS 16. For lessees, the proposals include a right-of-use model to replace the risks and rewards incidental to ownership model in IPSAS 13, Leases. For lessors, ED 75 proposes to substantially carry forward the risks and rewards incidental to ownership model in IPSAS 13. PSAB encourages stakeholders to send comments to the IPSASB until May 17, 2021.

IPSASB has issued a Request for Information, Concessionary Leases and Other Arrangements Similar to Leases. PSAB is encouraging Canadian stakeholders to send in information on any Concessionary Leases and Arrangements Similar to Leases that they have experienced or know of in Canada. Your responses will assist the IPSASB in considering Canadian issues in the second phase of its Leases project. We encourage stakeholders to send comments to the IPSASB until May 17, 2021.

The IASB has issued an Exposure Draft proposing a new IFRS Standard to give investors a more complete picture of the financial performance of entities subject to rate regulation. Canadian stakeholders are encouraged to submit their comments to the IASB by June 30, 2021.

Tune in to this webinar on March 8, 2021 (English) or March 29, 2021 (French) to learn about the key proposals in PSAB’s Exposure Draft “The Conceptual Framework for Financial Reporting in the Public Sector.” Seats are limited. If you aren’t able to attend live, the webinar will be available on demand.

This article provides highlights from comment letters written by Boards and Councils responding to the IFRS Foundation Trustees Consultation Paper on Sustainability Reporting.