Accounting Standards Board
Final Standard – Insurance Contracts
May 23, 2017. The IASB has issued IFRS 17 Insurance Contracts, which replaces interim standard IFRS 4 and applies to all types of insurance contracts. IFRS 17 is effective for annual periods beginning on or after January 1, 2021 with earlier application permitted for companies that also apply IFRS 9 and IFRS 15.
FYI Article – Breaking New Ground: AcSB Sets Up Agriculture Advisory Group!
May 17, 2017. The AcSB establishes Agriculture Advisory Group to provide input on agriculture guidance being developed.
Roundtable – Stakeholders’ Views Sought on How to Improve Disclosures in IFRS Financial Statements
May 10, 2017. Register to attend the AcSB’s roundtable discussions to share your views on the IASB’s Discussion Paper on the Principles of Disclosure.
FYI Article – AcSB Advisory Committees: A Glance at What’s Happening
May 10, 2017. Find out what the IFRS Discussion Group, Private Enterprise Advisory Committee and Not-for-Profit Advisory Committee are up to recently. Learn how they assist the Board in developing and maintaining accounting standards in Canada.
Not-for-Profit Advisory Committee Notes – February 22, 2017
May 4, 2017. These meeting notes provide a summary of discussions held.
AcSB Response – Annual Improvements to IFRS Standards 2015-2017 Cycle
May 3, 2017. The AcSB has submitted a comment letter responding to the IASB’s Exposure Draft issued in January 2017.
AcSB Meeting Agenda – May 16, 2017
May 1, 2017. A summary of topics for discussion.
FYI Article – Accounting for Investments: Are You Ready For the Changes?
April 28, 2017. This article provides an overview of the changes, and links to resource materials for private enterprises applying the new guidance for the first time.
AcSB Exposure Draft – Improvements to IFRS 8 Operating Segments (Proposed amendments to IFRS 8 and IAS 34)
April 28, 2017. The AcSB has issued its Exposure Draft that corresponds to the IASB’s Exposure Draft on this topic. Stakeholders are encouraged to submit their comments by July 31, 2017
AcSB Decision Summary – April 20, 2017
April 28, 2017. An executive summary of discussions and decisions with respect to the topics addressed at this meeting.
IFRS Discussion Group Meeting Agenda – May 30, 2017
April 28, 2017. An agenda covering the topics for discussion is now available. Get more information about the meeting to be held in Toronto, including how to attend in person
Webinar – AcSB Spring 2017 Update – IFRS
April 28, 2017. Tune in to this webinar on May 18, 2017 (English) and May 23, 2017 (French) to get an update on recent IFRS developments, including on-going projects and implementation resources supporting new standards.