IFRS® Standards

WHAT'S NEW

AcSB Insurance Transition Resource Group Meeting Notes – April 25, 2018
May 24, 2018. Before the IASB® Transition Resource Group for IFRS 17 meeting on May 2, our Group met and discussed the same topics, including the contract boundary and the risk adjustment for non-financial risks in a group of entities. Our Group also considered submissions by Canadian stakeholders on the contract boundary for the premium allocation approach, and for reinsurance contracts.

IFRS® Discussion Group Meeting Agenda – June 21, 2018
May 24, 2018. Our first livestreamed meeting features an agenda packed with hot topics! The Group will discuss cannabis accounting, cryptocurrencies and topics related to the implementation of IFRS 9, IFRS 15 and IFRS 16. Register to attend as an in-person or virtual observer today!

Volunteer Opportunity – User Advisory Council
May 23, 2018. The AcSB is looking for new members from Canada’s East Coast for its User Advisory Council! Members advise and help us understand how users employ financial information. Get more details on who we’re looking for, what volunteering entails, and be sure to apply by June 30, 2018.

FEI Canada Annual Conference June 13-15, 2018 – Linda Mezon, AcSB Chair, to present
May 2, 2018. Attend Linda Mezon’s June 14, 2018 presentation, when she will officially launch the new Corporate Performance Measures Framework project! FEI Canada’s annual conference takes place June 13-15, 2018 in Halifax, NS. The event is a platform for senior financial leaders to network, exchange ideas, learn and find solutions to current challenges. We look forward to seeing you there!

New! AcSB Standard-setting Due Process Manual
April 20, 2018. Our revised due process manual provides you a clear explanation of our IFRS® Standards endorsement and domestic standard-setting activities. We use plain language, simplified content, and visuals, to ensure the rigorous set of procedures we undertake to set standards is easy for you to understand.

AcSB Exposure Draft – Accounting Policy Changes (Proposed amendments to IAS 8)
April 17,  2018. 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 27, 2018.

Final Concepts – IASB® issues revised Conceptual Framework for Financial Reporting
April 9, 2018.  The IASB has issued a revised Conceptual Framework for Financial Reporting to replace the Conceptual Framework issued in 2010.  The revised Conceptual Framework is effective immediately for the IASB, and from January 1, 2020 for entities, with early application permitted.

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!

We’re hiring! Director, Accounting Standards
April 5, 2018. The Director, Accounting Standards leads a team of highly skilled, energetic and committed professionals to advise and carry out the plans of the AcSB. We are looking for an innovative leader with strong people management skills. Apply today!

IASB® Exposure Draft – Accounting Policy Changes (Proposed Amendments to IAS 8)
April 4, 2018. The IASB issued an Exposure Draft proposing amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors. Canadian stakeholders are encouraged to submit comments to the IASB by July 27, 2018.

IFRS® Discussion Group – Request for Issues
April 3, 2018. The IFRS Discussion Group wants to hear about the challenges you are facing with implementing new standards. Submit your issue to the Group by April 20, 2018. Attend the Group’s upcoming meeting on June 21, 2018 in person or virtually!

AcSB Annual Plan – 2018-2019
April 2, 2018. What’s in store for 2018-2019? The AcSB will be working on activities that forward our Strategic Plan’s vision, mission, and objectives. This includes: enhancing the relevance of financial information, support IFRS® Standards implementation, forwarding private enterprise and NFPO projects, and much more.

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