News Listings

PSAB is proposing a revised reporting model,  building on the existing reporting model in Section PS 1201.  Read the Exposure Draft and Basis for Conclusions for full details.  Share your feedback on the proposed reporting model by May 12, 2021 via comment letter or participating in our survey on Connect.FRASCanada.ca.

At its recent meeting, the Board discussed the International Strategy project and PSAB’s response to the Consultation Paper on Sustainability Reporting by the Trustees of the IFRS Foundation. Read the Decision Summary for full details.

At its recent meeting, the Board discussed the Employment Benefits project, the 2021-2022 Annual Plan and Risk Assessment, and the Interim Performance Report. Read the Decision Summary for full details.

At its recent meeting, the Board discussed Public Private Partnerships and Financial Instruments. Read the Decision Summary for full details.

COVID-19 continues to impact Canada and the world. We are each experiencing and navigating the challenges, and the standard-setting boards are no exception. We are reprioritizing work to adapt to our new environment, continuing to create helpful resources, and even launched a new online community platform to further pivot our operations to the digital environment.

New PSAB chair Clyde MacLellan provides a fall video update on five key initiatives stakeholders can watch for starting in 2021, including the Board's international strategy and forthcoming strategic plan.

Topics discussed included the private sector counterparts aspect of the government not-for-profit organization (GNFPO) definition, determining when for-profit activities of a GNFPO may impact its classification as such, and an emerging issues roundtable offering suggestions for PSAB to consider.

Former assistant auditor general Clyde MacLellan takes helm of the Public Sector Accounting Board, effective November 1, 2020 for a five-year term.

The IFRS Foundation Trustees have published a Consultation Paper to assess demand for global sustainability standards and, if the demand for a global approach is strong, assess the extent to which the Foundation might contribute to the development of such standards. Read the full Paper to find out more and submit your comments by December 31, 2020.