PSAB - Future Work Plan Consultation Paper [ED]
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Comment period ends on November 3, 2022 |
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Next steps: |
Public communication of the survey results and feedback received from the Consultation will be summarized alongside PSAB’s 2023-2024 Annual Plan |
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Last updated: |
January 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
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.