PSAB’s Proposed Conceptual Framework

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Consultation has concluded

We heard you! The Public Sector Accounting Board (PSAB) received input from over 100 respondents on its 2018 proposals for a revised conceptual framework.


The new Exposure Draft, “The Conceptual Framework for Financial Reporting in the Public Sector” considers the extensive stakeholder input received and represents what PSAB intends to issue in the CPA Canada Public Sector Accounting Handbook, subject to comments received.


The proposed Conceptual Framework would replace certain aspects of the existing conceptual framework in:


  • Section PS 1000, Financial Statement Concepts
  • Section PS 1100, Financial Statement Objectives


Consequently, PSAB's proposals create the need for consequential amendments to various PSA Handbook Standards. The Exposure Draft, “Consequential Amendments Arising from the Proposed Conceptual Framework” outlines these amendments.


Stakeholders have the once-in-a-generation chance to weigh in on exposure drafts that will affect public sector accounting standards for years to come.


Connect with us. We want to hear your views.

We heard you! The Public Sector Accounting Board (PSAB) received input from over 100 respondents on its 2018 proposals for a revised conceptual framework.


The new Exposure Draft, “The Conceptual Framework for Financial Reporting in the Public Sector” considers the extensive stakeholder input received and represents what PSAB intends to issue in the CPA Canada Public Sector Accounting Handbook, subject to comments received.


The proposed Conceptual Framework would replace certain aspects of the existing conceptual framework in:


  • Section PS 1000, Financial Statement Concepts
  • Section PS 1100, Financial Statement Objectives


Consequently, PSAB's proposals create the need for consequential amendments to various PSA Handbook Standards. The Exposure Draft, “Consequential Amendments Arising from the Proposed Conceptual Framework” outlines these amendments.


Stakeholders have the once-in-a-generation chance to weigh in on exposure drafts that will affect public sector accounting standards for years to come.


Connect with us. We want to hear your views.