Public Sector Accounting Board Decision Summary March 16-17, 2017

This summary of decisions of the Public Sector Accounting Board (PSAB) has been prepared for information purposes only. Decisions reported are tentative and reflect only the current status of discussions on projects, which might change after further deliberations by PSAB. Decisions to publish exposure draft and Handbook material are final only after a formal ballot process. As reported by The Standard.

PSAB Planning

PSAB approved its 2017-2020 strategic plan.

PSAB approved its 2017-2018 work plan.

Standards for Public Sector Entities

Concepts Underlying Financial Performance

PSAB discussed a draft recognition and measurement chapter of a statement of principles and provided feedback to its task force.

Employment Benefits

PSAB received an update about the project and reviewed a project plan. PSAB discussed if the process can be streamlined and requested staff to provide options and related risks for its consideration for the June 2017 PSAB meeting.

Public Private Partnerships

PSAB discussed a draft statement of principles and provided feedback to its task force. PSAB plans to review a revised draft for approval in June 2017.

PSAB Governance

PSAB approved its 2016-2017 performance report.

PSAB received results of a stakeholder survey on PSAB’s performance.

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