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Call for Applications: Standardsco Chair and Board of Directors

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Standardsco, a newly established federal not-for-profit corporation, will be formed in response to the recommendations of the Independent Review Committee on Standard Setting in Canada. The Standardsco Search Committee is currently seeking qualified individuals to join our Inaugural Board of Directors, including the pivotal role of Chair. In partnership with the leadership advisory firm Odgers Berndtson, the Standardsco Search Committee encourages interested candidates to apply promptly.

Apply now

Virtual Roundtable Discussions – IPSASB Exposure Drafts – Tangible Natural Resources and Climate-related Disclosures

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Register for our virtual roundtables on IPSASB’s recent Exposure Drafts on Tangible Natural Resources and Climate-related Disclosures on November 27 and December 2, 2024. Share your feedback and help shape the future of public sector accounting and reporting in Canada.

Register

 
 
Feedback Statement – Criteria for Modification, CSDS 1 and CSDS 2

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The CSSB's Feedback Statement summarizes the responses received from its extensive public consultation on Canada’s first-ever sustainability disclosure standards. Read about who responded and what they said. Stay tuned for a separate report based on Indigenous participation and feedback related to Indigenous matters.

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January 11, 2021

Resource, In Brief

In Brief – Exposure Draft, “The Conceptual Framework for Financial Reporting in the Canadian Public Sector”

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.

January 11, 2021

Resource, In Brief

In Brief – Exposure Draft, “Financial Statement Presentation, Proposed Section PS 1202”

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. 

January 11, 2021

Resource, Other

Visual – Exposure Draft, “The Conceptual Framework for Financial Reporting in the Canadian Public Sector”

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.

January 11, 2021

Resource, Other

Visual – Exposure Draft, “Financial Statement Presentation, Proposed Section PS 1202”

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. 

January 11, 2021

Document for Comment

Government Not-for-Profit Strategy Consultation Paper II

PSAB’s issued its Government Not-for-Profit Strategy Consultation Paper II to seek input on its recommended GNFP Strategy. This paper also informs readers of the feedback received to the first Consultation Paper, describes the options considered for a GNFP Strategy, and the decision-making criteria used to evaluate the options. Share your feedback on the GNFP Strategy Consultation Paper II by May 12, 2021 via a comment letter or by taking part in our quick poll and open forum on Connect.FRASCanada.ca.

January 11, 2021

Document for Comment

Exposure Draft – The Conceptual Framework for Financial Reporting in the Public Sector

PSAB is proposing a revised conceptual framework – the foundation for establishing public sector accounting standards for years to come. Read the Exposure Draft and Basis for Conclusions. Share your feedback on the proposals by May 12, 2021 via comment letter or participating in our survey on Connect.FRASCanada.ca.

January 11, 2021

Document for Comment

Exposure Draft – Consequential Amendments Arising from the Proposed Conceptual Framework

PSAB is proposing consequential amendments to the PSA Handbook to be consistent with the proposals for a revised conceptual framework in Exposure Draft, “The Conceptual Framework for Financial Reporting in the Public Sector.” Share your feedback on the proposed consequential amendments by May 12, 2021 via comment letter or participating in our survey on Connect.FRASCanada.ca.

January 11, 2021

Document for Comment

Exposure Draft – Consequential Amendments Arising from the Financial Statement Presentation Standard, Proposed Section PS 1202

PSAB is proposing consequential amendments to the PSA Handbook to be consistent with the proposals for a revised reporting model in Exposure Draft, “Financial Statement Presentation, Proposed Section PS 1202.” Share your feedback on the proposed consequential amendments by May 12, 2021 via comment letter or participating in our survey on Connect.FRASCanada.ca.

January 11, 2021

Document for Comment

Exposure Draft – Financial Statement Presentation, Proposed Section PS 1202

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.

January 6, 2021

Resource, Guidance

Going Concern and Liquidity Risk (Updated January 2021)

Have you assessed whether your company will continue as a going concern in 2021? Read this updated Going Concern and Liquidity Risk resource to better understand the impact of going concern and liquidity risk on your financial statements. More guidance to come on this topic from the auditing perspective in January 2021.