PSAB Annual Plan 2019-2020

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Apr 01, 2019

On April 1, 2019, the Pub­lic Sec­tor Ac­count­ing Board (PSAB) published its Annual Plan for 2019-2020. This Annual Plan sets out the Board’s key activities in 2019-2020, in order to help it achieve the objectives in its current Strategic Plan.

The PSAB is in the final year of its Strategic Plan for 2017-2020, which it currently plans to extend by one year to March 31, 2021.

The Annual Plan covers the detailed plans for its five current strategies:

  • the Board’s current standard setting projects;
  • finalizing the Board’s Conceptual Framework;
  • reviewing the Board’s approach to International Public Sector Accounting Standards;
  • encouraging stakeholders to support and accept the Board’s standards; and
  • implementation of a not-for-profit strategy that meets the public interest.

It also provides details of the Board’s other key initiatives which include (i) jointly with the AASB, monitoring the different audit opinions being used for public sector financial statements; and (ii) monitoring government accounting issues related to rate regulated activities across Canada.

For further details, refer to the Annual Plan on the PSAB’s website.

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