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PSAB - Strategic Plan for 2013 – 2017 [Completed]

Comment period ended on May 27, 2016

Effective date:

April 1, 2013 to March 31, 2017

Transitional provisions:

N/A

Last updated:

April 2016

Overview

The Strategic Plan outlines the broad policy objectives that will guide the PSAB’s activities and outputs for the period 2013 – 2017. In summary, and based on the objectives that PSAB wishes to meet over the strategic planning period 2013-2016, PSAB has adopted six strategies, as follows:

  1. PSAB will have a conceptual framework that is widely accepted and used for the development of standards;
  2. PSAB will have an informed community of stakeholders who understand and accept the due process for developing standards;
  3. PSAB will have one financial reporting framework used by all entities who apply the PSA Handbook;
  4. Stakeholders are engaged in the development of our standards;
  5. The Canadian public sector is engaged in and influences standards development by the IPSASB; and
  6. PSAB is aware of new developments in accounting and financial reporting.

The Plan includes both a number of strategies that complete initiatives started in the previous plan, and a number of new strategies to address the communications needs of stakeholders. The top priority for PSAB is the completion of its conceptual framework project.

In April 2016, the PSAB issued an ITC re the extension of its 2013-2016 Strategic Plan by one year. Following a review of responses, the Strategic Plan was confirmed as being extended by one year.

Other developments

April 2016

On April 28, 2016, the PSAB issued an Invitation to Comment that proposes to extend the term of its existing Strategic Plan by one year. Stakeholders are encouraged to submit their comments by May 27, 2016.

December 2013

On December 18, 2013, the Strategic Plan for 2013-2016 was posted to the PSAB’s website.

June 2013

In June 2013, the PSAB approved its Strategic Plan for 2013-2016 after considering responses received from stakeholders.

March 2013

On March 27, 2013, the PSAB issued for comment its draft Strategic Plan for 2013-2016.

Correction list for hyphenation

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