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PSAB - Strategic Plan for 2017 – 2020 [Completed]

Ef­fec­tive date:

Effective from April 1, 2017 to March 31, 2020

Tran­si­tional pro­vi­sions:


Last up­dated:

May 2017


In May 2016, the Public Sector Accounting Board (PSAB) issued an Invitation to Comment on its next strategic plan, which outlines its vision, mission and strategic objectives that will guide its standard-setting activities from 2017 to 2020.

The PSAB noted that the past three years have been transformational and challenging, with transition by many government organizations into the PSA Handbook as well as some significant new standards that have been put in place.

In May 2017, the PSAB released their new three-year strategic plan. The key strategies included in the strategic plan are as follows:

  • Strategy 1  Develop standards in accordance with due process and the public interest
  • Strategy 2  Finalize the conceptual framework
  • Strategy 3 – Review our approach to International Public Sector Accounting Standards
  • Strategy 4 – Encourage stakeholders to support and accept our standards
  • Strategy 5 – Implement a public sector not-for-profit organization strategy that meets the public interest


Other developments

May 2017

On May 24, 2017, the PSAB released their new three-year strategic plan.

March 2017

At its meeting on March 16-17, 2017, the PSAB approved its 2017-2020 strategic plan.

August 2016

In August 2016, the AcSB staff updated the status of this project to indicate that the PSAB expects to issue its Strategic Plan for 2017-2020 in Q2/2017.

May 2016

On May 30, 2016, the PSAB issued an Invitation to Comment in respect of its Strategic Plan for 2017 to 2020. Stakeholders are encouraged to submit their comments by October 28, 2016.


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