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Completed projects

CIPFA: Exploring Accounting for the Cloud [Completed]
Cloud computing is in the process of revolutionizing the way that IT services are provided across public services. CIPFA, as the leading body advising on public sector accounting, has been asked to look at issues raised by “accounting for the cloud” on behalf of its members and their employers.
PSAB - Asset Retirement Obligations [Completed]
This project addresses the accounting and reporting of asset retirement obligations.
PSAB - Concepts Underlying Financial Performance - Overview [Completed]
The objective of this project is to review and amend, if necessary, the conceptual framework in Sections PS 1000, Financial Statement Concepts, and PS 1100, Financial Statement Objectives. This review could also affect Section PS 1200, Financial Statement Presentation.
PSAB - Concepts Underlying Financial Performance - Measuring Financial Performance in Public Sector Financial Statements [Completed]
The Conceptual Framework Task Force has undertaken a comprehensive review of the concepts that underlie the reporting of financial performance in the general purpose financial statements of public sector entities.
PSAB - Concepts Underlying Financial Performance - Conceptual Framework Fundamentals and the Reporting Model [Completed]
The CP proposes a new reporting model and draft principles on public sector characteristics, financial statement objectives, qualitative characteristics, elements, recognition, measurement and presentation.
PSAB - Financial Instruments – Narrow Scope Amendments [Completed]
The purpose of this project is to investigate three non-hedge accounting issues.
PSAB - Financial Instruments – Subsequent Issues [Completed]
The proposed amendments clarify aspects of the Section’s scope of application and add transitional provisions and new guidance
PSAB - Improvements to Not-for-Profit Standards in the public sector [Completed]
The SOP includes 15 proposed principles which should underlie accounting standards for NFPOs.
PSAB - Proposal to Modify the Canadian Public Sector GAAP Hierarchy [Completed]
The objective of this project is to clarify the GAAP hierarchy on matters not covered by primary sources of GAAP or for assistance in applying primary source of GAAP.
PSAB - Public Private Partnerships [Completed]
The objective is to develop a public sector accounting standard specific to accounting for public private partnerships
PSAB - Revenue [Completed]
The SOP includes proposals on issues that affect when revenue is recognized, how it is measured, as well as its presentation and disclosure.
PSAB - Review of International Strategy [Completed]
The objective of this project was to review the PSAB’s current strategy with respect to the work of the International Public Sector Accounting Standards Board and its IPSASs.
PSAB - Strategic Plan for 2017 – 2021 [Completed]
PSAB - Strategic Plan for 2017 – 2021
PSAB - Withdrawal of Disclosure of Related Party Transactions by Not-for-Profit Organizations, Section PS 4260 [Completed]
The PSAB intends that, for NFPOs that apply the PSA Handbook with Sections PS 4200 to PS 4270 to prepare their financial statements, Section 2200 would apply to fiscal years beginning on or after January 1, 2018. Earlier adoption would be permitted. The Section would be applied prospectively.
PSAB – 2018 – 2019 Annual Improvements Project [Completed]
The objective of this project is to correct errors in the wording or clarify the CPA Canada Public Sector Accounting (PSA) Handbook or Statements of Recommended Practices (other guidance).
PSAB – 2019-2020 Annual Improvements Project [Completed]
The Public Sector Accounting Board has adopted an annual improvements process to make minor improvements to the CPA Canada Public Sector Accounting (PSA) Handbook or Statements of Recommended Practices.
PSAB – Purchased Intangibles – Narrow Scope Amendment [Completed]
The objective of this project is to revisit the validity of the prohibition against recognizing purchased intangibles in public sector financial statements.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.