Public Sector Accounting Standards (PSAS) Update 2017

October 16, 2017

2017 was a busy year for the Public Sector Accounting Board (PSAB or the “Board”). Five new CPA Canada Public Sector Accounting Handbook (PSA Handbook) Sections became effective as did the amendments to the Introduction to Public Sector Accounting Standards. Additionally, the Board and its task forces advanced the progress of existing projects including issuing two Exposure Drafts, a Statement of Principles and an Invitation to Comment. This publication will provide an overview of these projects as well as a review of the standards that are effective for public sector entities this year and those that will become effective over the next few years.

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