Accounting Standards Board
AcSB Response – Prepayment Features with Negative Compensation (Proposed amendments to IFRS 9)
July 5, 2017. The AcSB has submitted a comment letter responding to the IASB’s Exposure Draft issued in April 2017.
Private Enterprise Advisory Committee Notes – May 25, 2017
July 5, 2017. These meeting notes provide a summary of discussions held.
AcSB Decision Summary – June 22, 2017
July 5, 2017. An executive summary of discussions and decisions with respect to the topics addressed at this meeting.
AcSB Meeting Agenda – July 13, 2017
July 4, 2017. A summary of topics for discussion.
AcSOC 2016-2017 Annual Report – Continuous Improvement By Working Together
June 30, 2017. The theme of this year’s Annual Report tells the story of the collaborative teamwork we were part of in 2016-2017. Read more about the work we did with our sister council, the Auditing and Assurance Standards Oversight Council, and our oversight of the Accounting Standards Board and Public Sector Accounting Board’s activities.
The 2017 IFRS® Conference – November 1-2, 2017
June 29, 2017. Jointly presented by CPA Canada and the IFRS Foundation in Toronto, this conference is your opportunity to receive authoritative updates and implementation support on IFRS Standards. Presenters include Linda Mezon (AcSB Chair), Hans Hoogervorst (IASB® Chairman) and Russell G. Golden (U.S. Financial Accounting Standards Board Chairman).
AcSB 2016-2017 Annual Report – Paving the Way to Improved Performance
June 29, 2017. 2016-2017 was a pivotal year for the AcSB. This year’s Annual Report highlights the key projects and strategies the Board moved forward, including continuing to expand our engagement with stakeholders, focusing on evidence-based standard setting, and seeing the AcSB staff reach its full complement to better address our stakeholders’ needs.
IASB Exposure Draft – Property, Plant and Equipment—Proceeds before Intended Use (Proposed amendments to IAS 16)
June 26, 2017. The IASB has issued an Exposure Draft proposing amendments to IAS 16 Property, Plant and Equipment. Canadian stakeholders are encouraged to submit their comments to the IASB by October 19, 2017.
The ONE National Conference – September 18-19, 2017
June 22, 2017. Attend this year’s The ONE national conference in Ottawa, designed for all CPAs. AcSB Chair Linda Mezon will be speaking about the Board’s current priorities and activities, including an overview of standards soon taking effect and early-stage projects you can get involved with now.
Request for Issues – IFRS Discussion Group
June 20, 2017. The next meeting of the IFRS Discussion Group will be held in Halifax on October 5, 2017. Individuals are encouraged to submit issues relating to the application of IFRSs in Canada by July 17, 2017
Non-authoritative Material – Revenue from Contracts with Customers
June 9, 2017. The Basis for Conclusions and Illustrative Examples issued by the IASB that accompany, but are not part of, IFRS 15 have been added to Part I of the CPA Canada Handbook – Accounting (in both cases excluding amendments made subsequently by the IASB for Clarifications to IFRS 15 Revenue from Contracts with Customers). The AcSB is taking a phased approach to adding non-authoritative material issued by the IASB to the Handbook.
Final IFRIC Interpretation – Uncertainty over Income Tax Treatments
June 9, 2017. The IASB has issued an Interpretation to specify how to reflect uncertainty in accounting for income taxes. The Interpretation is effective for annual reporting periods beginning on or after January 1, 2019 with earlier application permitted.