Government Not-for-Profit Strategy – PSAB

Date recorded:

At its meeting on June 28-29, 2022, the PSAB approved the GNFP Strategy Implementation Plan to incorporate the PS 4200 series, with potential customizations, into PSAS. In December 2022, the PSAB expects a presentation on a project proposal to review tangible capital assets and collections. This will be the first in a series  of standard-level projects. Implementation of the GNFP Strategy will follow PSAB’s due process. That is, the Board will consult stakeholders on all proposed changes before amending the PSA Handbook. Feedback will be sought throughout the implementation period. A webinar is planned for fall 2022 to explain the GNFP Strategy decision and to provide an overview of the implementation plan. Stakeholders should watch the Government Not-for-Profit project page  for updates.

Review the Executive Summary on the PSAB's Web site.

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