Standards for Private Enterprises

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.

Stakeholder Feedback Sessions – AcSB Draft Framework for Reporting Performance Measures
July 25, 2018. On June 14, 2018, the AcSB issued the Draft Framework for Reporting Performance Measures. And now we need you to guide our next steps! We are offering feedback sessions both in person across Canada and virtually this August and September. Register today!

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 The AcSB agreed to revise and update Section 3465, Income Taxes, to remove an outdated example and require future income tax assets and liabilities to be presented as non-current.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.

Stakeholder Survey – Draft Framework for Reporting Performance Measures
July 19, 2018. Join the discussion and help improve financial and non-financial performance measures reported outside of financial statements. The AcSB's new survey captures your feedback on the Draft Framework for Reporting Performance Measures! Get your feedback in by October 1, 2018.

AcSB Exposure Draft – Agriculture
July 9, 2018. The AcSB has issued an Exposure Draft examining the accounting for agricultural inventories and productive biological assets under Part II of the CPA Canada Handbook – Accounting. Stakeholders – including not-for-profit organizations (NFPOs) that are agricultural producers – are encouraged to submit their comments by October 31, 2018.

Keeping pace with progress – AcSB 2017-2018 Annual Report
June 27, 2018. Supporting IFRS® Standards implementation to advancing Part II and Part III projects, and continuing research on new types of pension obligations – we kept pace with progress and met our goals. Read about our 2017-2018 activities and accomplishments in our Annual Report, including new work helping to enhance the relevance of financial reporting.

Work with us! Seeking a new accounting standards principal
June 26, 2018. We are looking for a highly-skilled, enthusiastic, and committed accounting standards team member to advise and carry out the plans of the AcSB. Apply today!

Draft Framework for Reporting Performance Measures – Enhancing the relevance of financial reporting
June 14, 2018. The AcSB is stepping up to enhance the relevance of financial information for all entities – from public and private companies, to not-for-profit organizations and pensions plans. We need you to join the discussion and help improve financial and non-financial performance measures reported outside of financial statements. Read and comment by September 17, 2018.

Reporting Performance Measures – Enhancing the Relevance of Financial Reporting
June 1, 2018. It’s time for leadership. The AcSB is stepping up to enhance the relevance of financial information for all entities by issuing a Draft Framework for Reporting Performance Measures. The Framework will be issued June 14, 2018 and needs your feedback! Read more about this important initiative and stay up to date.

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.

Private Enterprise Advisory Committee Notes – May 3, 2018
May 18, 2018. At its recent meeting, the Committee discussed a number of topics including Retractable or Mandatorily Redeemable Shares, Financial Instruments – Narrow Scope Amendments, Revenue, Combination and Other Narrow Scope Amendments.

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