PSAB Exposure Draft – 2024-2025 Annual Improvements to Public Sector Accounting Standards

PSAB is seeking feedback on its proposed 2024-2025 annual improvements to the CPA Canada Public Sector Accounting (PSA) Handbook. Our Exposure Draft reflects the following main categories of improvements:

• terminology updates;
• amendments to enhance alignment of various sections of the PSA Handbook with PSAB’s Conceptual Framework and Reporting Model; and
• other minor editorial updates to the PSA Handbook.

The 2024-2025 PSA Handbook improvements are intended to correct errors or clarify existing pronouncements in the Public Sector Accounting Handbook. These annual improvements proposals are not expected to include any new principles or change existing principles. Most importantly, the proposed annual improvements are not intended to change practice.

Your input is an important part of our process and will help shape the future of public sector accounting. Take our short survey on this year’s proposals and tell us what you think!