Accounting Standards Board
Agenda for March 20-21, 2018 Meeting

The topics the Accounting Standards Board (AcSB) plans to discuss, in addition to routine updates, and anticipated actions, if any, are outlined below. Although current at the date prepared (March 2, 2018), this agenda is subject to change.

IFRS® Standards

IFRS Discussion Group 

  • Consider whether to refer the following issues to the IASB or IFRS Interpretations Committee:
    • IFRS 16 and IAS 38: Cloud Computing Arrangements; and
    • Cryptocurrencies.

Rate-regulated Activities

  • Receive an update of the IASB's discussion at its February 2018 meeting.

Standards for Private Enterprises and Not-for-Profit Organizations

Accounting for Related Party Financial Instruments and Significant Risk Disclosures

  • Consider a summary of the feedback received on the Exposure Draft and begin discussing the issues.

Financial Statement Concepts

  • Decide whether improvements to the financial statement concepts in Part II and Part III are necessary.

Standards for Private Enterprises

Retractable or Mandatorily Redeemable Preferred Shares Issued in a Tax Planning Arrangement

  • Consider a summary of the feedback received on the Exposure Draft and begin discussing the issues.

Amendments to Other Frameworks and 2019 Annual Improvements

  • Consider annual improvements for 2019, as well as assess whether amendments to other accounting frameworks are relevant to Part II and have merit to be considered as future Part II projects.

Agriculture

  • Discuss comments on a fatal flaw review and field test of the Exposure Draft, and consider an updated draft of the Handbook text.

Standards for Not-for-Profit Organizations

Not-for-Profit Advisory Committee

  • Receive feedback on a recent meeting of the AcSB’s Not-for-Profit Advisory Committee.

Amendments to Other Frameworks

  • Consider whether amendments to other accounting frameworks are relevant to Part III and have merit to be considered as future Part III projects.

Pre-changeover Accounting Standards

  • Discuss the factors to consider in withdrawing from the Handbook the accounting standards applied by entities (Part V) before the introduction of separate sets of standards for different categories of entities.

Due Process and Governance

  • Approve the AcSB’s Standard-Setting Due Process Manual.
  • Consider feedback from AcSOC and approve the AcSB’s 2018-2019 Annual Plan.
  • Consider the results of a self-assessment survey of AcSB members and surveys of AcSB volunteers, and decide whether any follow up is necessary.

AcSB Meeting Schedule

Staff contact:

Harry Klompas, CPA, CA
Secretary, Accounting Standards Board
Phone: +1 (416) 204-3236
Email: hklompas@cpacanada.ca