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The Public Sector Accounting Board (PSAB) was created to serve the public interest by establishing accounting standards for the public sector. We also provide guidance for financial and other performance information reported by the public sector.
Independently set financial reporting standards are critical to promoting confidence in public sector entities. High-quality accounting standards contribute to transparent and accountable information that is made available to the public, as well as quality financial information to support decision making.
We use Connect.FRASCanada.ca to consult with our stakeholders on proposed public sector accounting standards. After consultation, our final standards are published in the CPA Canada Public Sector Accounting Handbook.