PSAB - Future Work Plan Consultation Paper [ED]
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Comment period ends on November 3, 2022 |
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Next steps: |
A Feedback Summary will be released by the PSAB in late March 2023 to detail the participation and results from the Consultation survey |
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Last updated: |
March 2023 |
Overview
On August 25, 2022, the Public Sector Accounting Board (PSAB) issued a 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. This Consultation Paper focuses on possible topics for these new projects.
The Board proposes the following project topics (in no particular order):
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)
Other developments
March 2023
In March 2023, the PSAB staff updated the project to indicate that a Feedback Summary will be released by the PSAB in late March 2023 to detail the participation and results from the Consultation survey.
August 2022
On August 25, 2022, the PSAB issued a 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.