New Accounting Standards or Amendments

Implementation of new accounting standard or amendments

Refer to the OAG Publications and Tool on New or Amended Accounting and Assurance Standards for a complete listing of upcoming standards.

The following reference material is provided for the convenience of OAG auditors. The content that is not produced by the OAG is available in the language in which it was published, and at times is not available in both Official Languages. Auditors can consult Audit Services at any time if they wish to seek assistance about any of these subjects. Audit Services provides assistance in both Official Languages.

• IFRS-specific
• PSAS-specific
• IPSAS-specific

---

IFRS specific

Research and references

IFRS Interpretation Committee (IFRIC) Published Agenda Decisions
IFRS Discussion Group

(Note: PwC Viewpoint login or Google Chrome may be required to access some of the material below)

Check out our List of Accounting and Assurance Webcasts tool to stay on top of the latest publicly available webcasts.

Standard	Effective Date	Resource
IFRS 17— Insurance contracts	1 January 2023	IFRS 17 Insurance Contracts (IASB information, webcasts and podcasts)
IFRS 6—Leases	1 January 2019	PwC Publication : In depth—IFRS 16—a new era of lease accounting Deloitte: A Guide to the incremental borrowing rate—Assessing the impact of IFRS 16 IFRS 16 Leases (IASB information, webcasts and podcasts) KPMG: Leases—Discount rates: What’s the correct rate?
IFRS 9—Financial instruments	1 January 2018	PwC Newsletter: 2017-063: Top IFRS 9—Impairment Considerations for non-Financial Institutions

PSAS-specific

Research and references

PSA Discussion Group

(Note: PwC Viewpoint login or Google Chrome may be required to access some of the material below)

Check out our List of Accounting and Assurance Webcasts tool to stay on top of the latest publicly available accounting webcasts

Standard	Effective Date	Resource
The Conceptual Framework for Financial Reporting in the Public Sector	1 April 2026	PSAB: Visual - The Conceptual Framework for Financial Reporting in the Public Sector PSAB: PSAB and IPSASB: Comparing Conceptual Frameworks
PS 3400—Revenue	1 April 2023	BDO: PSAB At a Glance: Section PS 3400—Revenue PwC: Summary of PS 3400 requirements OAG: PS 3400 Illustrative Disclosures
PSG-8—Purchased intangibles	1 April 2023	BDO: PSAB At a Glance: PSG 8—Purchased Intangibles
PS 3160—Public private partnerships	1 April 2023	BDO: PSAB At a Glance: Section PS 3160—Public Private Partnerships
PS 3280—Asset retirement obligations	1 April 2022	PwC Newsletter: 2018-075: PSAB releases new section on Asset Retirement Obligations BDO: A Practical Approach to Section PS 3280 BDO: PSAB At a Glance: Section PS 3280—Asset Retirement Obligations KPMG: Perspectives on PS 3280 Asset Retirement Obligations
PS 3450—Financial instruments	1 April 2022 1 April 2012	BDO: A Guide to Accounting for Financial Instruments in the Public Sector
PS 3430—Restructuring transactions	1 April 2018	Grant Thornton: PS 3430 Restructuring Transactions BDO: PSAB At a Glance: Section PS 3430—Restructuring Transactions
PS 2200—Related party disclosures & PS 3420—Inter-entity transactions	1 April 2017	Grant Thornton: PS 2200 & PS 3420 BDO: PSAB At a Glance: Section PS 2200—Related Party Disclosures BDO: PSAB At a Glance: Section PS 3420—Inter-entity Transactions
PS 3380—Contractual rights	1 April 2017	BDO: PSAB At a Glance: Section PS 3380—Contractual Rights
PS 3260—Liability for contaminated sites	1 April 2014	BDO: Contaminated Sites—A Practical Approach to Section PS 3260
PS 1300—Government reporting entity	1 April 2005	PSAB: How to Evaluate the Financial Self-sufficiency of a Government Business Enterprise

IPSAS-specific

Research and references

Standard	Effective Date	Resource
IPSAS 41—Financial Instruments IPSAS 28—Financial Instruments: Presentation IPSAS 29—Financial Instruments: Recognitions and Measurement IPSAS 30—Financial Instruments: Disclosures	1 January 2023	Staff Questions and Answers on Accounting for Contingencies and Financial Guarantees Public Sector Specific Financial Instruments Under IPSAS
Various	Various	Train the Trainer: Introduction to IPSAS Climate Change: Relevant IPSASB Guidance