Accounting Standards Oversight Council

WHAT'S NEW

The ONE National Conference – October 1-2, 2018
July 26, 2018. Attend this year’s The ONE national conference in Halifax! AcSB Chair Linda Mezon and AcSB member Armand Capisciolto will be giving an accounting standards update through an interactive interview format session. You’ll hear about the Board’s key focus areas, priorities and objectives – and get up to date on technical matters of interest to you.

New Narrow Scope Amendment Project Approved – Income Taxes
July 23, 2018. The AcSB agreed to revise and update Section 3465, Income Taxes, to remove an outdated example and require future income tax assets and liabilities to be presented as non-current. Watch for an exposure draft with the proposed changes later this year.

New Narrow Scope Amendment Project Approved –Investments
July 23, 2018. The AcSB agreed to clarify the applicability of the cost-method guidance in Section 3051, Investments. Watch for an exposure draft with the proposed changes later this year.

Canadian Appointments – IASB® Management Commentary Consultative Group
July 23, 2018. We are pleased to announce that Lisa French, CTO, International Integrated Reporting Council; Benjamin Yeoh, Sr. Portfolio Manager, RBC, Global Asset Management; and Trent W. Klein, Director — Finance, TELUS Corp, were appointed to IASB’s Management Commentary Consultative Group. The Group was established to advise the IASB as it develops proposals for updating its guidance on management commentary in financial reports.

Serving the public interest: More efficient standard-setting oversight – AcSOC 2017-2018 Annual Report
June 27, 2018. Reviewing our approach to oversight, listening carefully to our stakeholders, and overseeing and supporting the work of the AcSB and PSAB – we served the public interest through more efficient standard-setting oversight. Read more about our 2017-2018 activities in our Annual Report.

Volunteer Opportunity – Public Sector Accounting Board
June 22, 2018. AcSOC is seeking new members to appoint to PSAB! We are looking for academics, auditors, financial statement preparers, not-for-profit sector professional, all levels of government, economics, and others! Applications are due August 31, 2018.

Shaping the Future – PSAB 2017-2018 Annual Report
June 20, 2018. We advanced major strategies in 2017-2018: our Concepts Underlying Financial Performance project, reviewing our current approach toward International Public Sector Accounting Standards, and looking closely at the complexities of government not-for-profit organizations, amongst others. Read about our year in our Annual Report.

Public Sector Conference – October 22-23, 2018
June 18, 2018. The Public Sector Conference offers innovative sessions, thought-provoking panels, and captivating keynote speeches. Hear from our own Michael Puskaric (PSAB Director) and Charles-Antoine St-Jean (PSAB Chair) who are participating as speakers at the two-day event in Ottawa. Register today!

AcSOC Meeting Agenda – June 7-8, 2018
May 24, 2018. Our June meeting will be packed with presentations on the Sustainability Accounting Standards Board’s activities and procedures, cryptocurrencies and blockchain, the AcSB’s Draft Framework for Reporting Performance measures, and much more. Check out the agenda today and be sure to register as a public observer – either in-person or via livestream!

AcSOC Report on Public Meeting – March 1-2, 2018
May 2, 2018. At its recent meeting the Council discussed a number of topics including, Relevance of Audited Financial Statements to Analysts, Public Private Partnerships, AcSOC Risk Assessment, the activities of AcSB and PSAB, as well as other related matters.

PSAB Annual Plan – 2018-2019
April 9, 2018. This Annual Plan sets out the Board’s key activities and project milestones in 2018-2019, helping to achieve the objectives in its three year strategic plan.

Livestreaming – AcSOC June 7-8, 2018 Meeting
April 6, 2018. Attend AcSOC meetings in person or virtually! Observers will be able to see and hear the AcSOC meeting discussion in real-time via a livestream feed. Register as an observer now; spaces are limited!

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