At the Accounting Standards Oversight Council (AcSOC) meeting on October 25-26, 2018, the PSAB Chair Charles-Antoine St-Jean noted that, on May 28, 2018, the PSAB issued “Reviewing PSAB’s Approach to International Public Sector Accounting Standards,” the first of two consultation papers related to this project. PSAB staff is currently reviewing and analyzing the stakeholder responses. The Consultation Paper’s purpose is to inform stakeholders of the criteria that the Board will consider when determining an appropriate option for its future international strategy, and to solicit stakeholder input. The Board is considering offering a position in the second consultation paper. The second consultation paper will:

1. communicate feedback on the first Consultation Paper;
2. compare PSAB’s and the International Public Sector Accounting Standards Board’s (IPSASB) international strategies;
3. share the experiences of other jurisdictions; and
4. define and finalize various criteria and options.

Review the meeting summary on the AcSOC's Web site.