PSAB – 2018 – 2019 Annual Improvements Project [Completed]

Effective date:

As indicated in the highlights section of the Exposure Draft the amendments are effective for fiscal years beginning on or after April 1, 2020, with earlier application permitted.

Last up­dated:

August 2019



In June 2018, the PSAB approved its new annual improvements process to correct errors in the wording or clarify the CPA Canada Public Sector Accounting (PSA) Handbook or Statements of Recommended Practices (other guidance). 

This first annual improvements cycle will address issues gathered by the PSAB over the course of a number of years and will serve as a starting point for these projects, going forward.

The 2018-2019 Annual Improvements reflect the following four main categories of improvements:

  • Removal of due process procedures from the PSA Handbook and other guidance.
  • Amendments to correct inconsistencies relating to the introduction of the government-component category.
  • Various amendments to Section PS 3060, Government Partnerships
  • Other amendments to other inconsistencies or areas requiring clarification.


Other de­vel­op­ments

On August 30, 2019, the PSAB released the Basis for Conclusion, which sets out how the Board reached its conclusions on the 2018-2019 Annual Improvements. It also includes a discussion of significant matters arising from comments received and issues raised in response to its Exposure Draft.

January 2019

On January 18, 2019, the PSAB released an exposure draft that proposes, subject to comments received following exposure, to amend the CPA Canada Public Sector Accounting (PSA) Handbook and Statements of Recommended Practices (other guidance). Comments are requested by April 18, 2019.

November 2018

In November, 2018, the staff of the PSAB up­dated the in­for­ma­tion in re­spect of this pro­ject to ad­vise that the PSAB ex­pects to is­sue an Ex­po­sure Draft in January, 2019.


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