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New Project – PSAB to Review its International Strategy

  • PSAS - PSAB Image

Nov 10, 2017

On November 10, 2017, as part of its 2017-2020 Strategic Plan, the Public Sector Accounting Board (PSAB) approved a new project that may change the role the Board plays in setting standards in Canada.

Preliminarily, the Board has identified four options it could apply:

  • continue to apply Public Sector Accounting Standards as enacted;
  • develop future Public Sector Accounting Standards based on International Public Sector Accounting Standards;
  • apply International Public Sector Accounting Standards by exception; or
  • apply International Public Sector Accounting Standards as issued by the International Public Sector Accounting Standards Board.

The PSAB expects to release a Concultation Paper in the second quarter of 2018.

Review the new project on the PSAB's website.

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