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Public sector accounting standards (PSAS) update 2021

September 30, 2021 BDO CANADA

It has been a busy year for the Public Sector Accounting Board (PSAB or the “Board”). Like many organizations, the Board has been hard at work dealing with the ever-evolving situation of the COVID-19 pandemic. The Board has continued to adapt and make quick decisions to address stakeholder needs. While the Board and its committees have allocated some of their focus to the pandemic, they have continued to pursue various ongoing projects.

This publication:

  • looks at the impact of COVID-19
  • outlines new standards effective over the next few years
  • reviews the future of PSAS
  • lists projects that will impact public sector entities in the future.

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