AcSB

Accounting Standards Board

About the AcSB

The Accounting Standards Board (AcSB) is an independent body with the authority to establish accounting standards for use by all Canadian entities outside the public sector. We serve the public interest by establishing standards for financial reporting by all Canadian private sector entities and by contributing to the development of internationally accepted financial reporting standards. 

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Just Released

The revised Framework for Reporting Performance Measures is out, just in time to support the next annual reporting cycle!

Experts Talk! New Insurance Standard

featuring Darrel Scott, IASB Board Member and
other experts from the financial reporting community

July 18, 2019
1:30 pm – 4:00 pm ET
CPA Canada Office

Upcoming meetings & events

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June 10 - July 11, 2019 Virtual Roundtable Discussions – Stakeholder views sought on the Revenue Exposure Draft June 10, 2019 (English session) – 1:00-3:00 pm ET      June 25, 2019 (English session) – 1:00-3:00 pm ET        July 10, 2019 (French session) – 1:00-3:00 pm ET        July 11, 2019 (English session) – 1:00-3:00 pm ET

The AcSB is holding virtual roundtable discussions to hear your views on its Exposure Draft, Revenue. Discussions are taking place throughout June and July. Complete the registration form to attend the roundtable of your choice!

July 17, 2019 AcSB Meeting – July 17, 2019 9:00 am - 5:00 pm ET Toronto, ON

July 18, 2019 Insurance Transition Resource Group Meeting – July 18, 2019 9:00 am – 12:00 pm ET Toronto, ON

Meeting & event summaries

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May 22, 2019 Private Enterprise Advisory Committee Notes – May 22, 2019

At its recent meeting, the Committee discussed a number of topics including employee future benefits, amendments to other frameworks, and much more.

May 15, 2019 AcSB Decision Summary – May 15, 2019

The Board discussed topics such as IFRS® Standards, Agriculture, Employee Future Benefits, Combinations and Contributions, among others.

April 12, 2019 AcSB Insurance Transition Resource Group Meeting Notes – March 26, 2019

Before the IASB® Transition Resource Group for IFRS 17 meeting on April 4, our Group met and discussed the same topics including investment components within an insurance contract. Our Group also discussed the IASB’s tentative proposed amendments to IFRS 17 that are expected to be issued for public comment at the end of June 2019.

News

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June 21, 2019 Resource
In Brief – The AcSB’s Ongoing Work in Supporting the Implementation of the New Insurance Standard

Learn more about the activities that the AcSB undertakes to support Canadians in the implementation of the new insurance standard, and ensure Canadian views are heard!

June 20, 2019 Resource
In Brief – AcSB’s decision to not undertake a project on hedge accounting for private enterprises and not-for-profit organizations

The Board heard from stakeholders and is listening! This is an overview of the AcSB’s decision to not proceed with a project to address the hedge accounting guidance in Part II of the CPA Canada Handbook.

June 17, 2019 Resource
In Brief – A plain and simple overview of the AcSB’s Exposure Draft on Revenue

This In Brief provides an overview of the key features of the AcSB’s proposals on additional guidance in Section 3400 of the CPA Canada Handbook – Accounting.