PSAB Future Work Plan Consultation Paper

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Aug 25, 2022

On August 25, 2022, the Public Sector Accounting Board (PSAB) issued its Future Work Plan Consultation to gather input on the projects it should take on, to help fulfill the strategies identified in its Strategic Plan 2022-2027. Comments are requested by November 3, 2022.

This Consultation Paper sets out future projects PSAB may consider. They are in addition to those already highlighted in its Strategic Plan for 2022-2027, some of which are underway or starting this year (see PSAB’s 2022-2023 Annual Plan). Both current and planned activities have PSAB resources allocated to them. This Consultation Paper focuses on possible topics for these new projects.

The Board proposes the following project topics:

Major projects

  • Intangibles
  • Impairment of Assets 
  • Amendment to the Introduction to Public Sector Accounting Standards

Minor projects

  • Update to accounting changes, Section PS 2120
  • Inventories
  • Update statement of recommended practice (SORP) 1, Financial Statement Discussion and Analysis (FSD&A)

Review the Consultation Paper onthe PSAB's website.

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