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. 

Contact the AcSB

Volunteer

AcSOC is seeking new members to join the AcSB. If you are interested in contributing to the development of Canadian accounting standards, and ensuring they remain relevant to its stakeholders, then submit your resume by January 28, 2019.

Just Released

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

Upcoming meeting & events

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February 21-22, 2019 AcSOC Meeting – February 21-22, 2019 February 21 -- 9:00 am to 5:00 pm (EST)                              February 22 -- 9:00 am to 12:00 pm (EST) Toronto, Ontario

Attend the upcoming AcSOC meeting in person or virtually via livestream! You can see and hear the meeting discussion in real-time, no matter where you are in the world. The Council will discuss a number of topics, including the Chair’s reports on the many activities of the AcSB and PSAB. Register today!

Meeting & event summaries

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January 17, 2019 IFRS® Discussion Group Archived Audio Webcast – January 10, 2019

Listen to the Group’s insights on topics, including definition of a business, credit enhancements, and 2019 interim disclosure considerations. Tune into opening remarks for updates on topics such as cannabis accounting and asset retirement obligations.

January 15, 2019 AcSB Decision Summary – December 12, 2018

The Board discussed a number of topics, including Financial Instruments with Characteristics of Equity, Insurance Contracts, Revenue, Agriculture, Employee Future Benefits, the Board’s 2019-2020 Annual Plan, and the activities of the Not-for-Profit Advisory Committee and Private Enterprises Advisory Committee.

December 14, 2018 Private Enterprise Advisory Committee Notes – November 27, 2018

At its recent meeting, the Committee discussed a number of topics including Revenue, Financial Instruments – Hedging, Financial Statement Concepts, Agriculture, Related Party Transactions, Removal of Part V and the proposed compilations standard.

News

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February 21-22, 2019 Meeting
AcSOC Meeting – February 21-22, 2019

Attend the upcoming AcSOC meeting in person or virtually via livestream! You can see and hear the meeting discussion in real-time, no matter where you are in the world. The Council will discuss a number of topics, including the Chair’s reports on the many activities of the AcSB and PSAB. Register today!

January 18, 2019 News
Webinar – AcSB Framework for Reporting Performance Measures

Are you a preparer, director, practitioner, investor or contributor who reports, oversees, assesses or uses performance measures? Learn how you can help improve the quality of performance measures by leveraging this Framework. Join in on February 27, 2019 (English) or March 1, 2019 (French).

January 17, 2019 Meeting Summary
IFRS® Discussion Group Archived Audio Webcast – January 10, 2019

Listen to the Group’s insights on topics, including definition of a business, credit enhancements, and 2019 interim disclosure considerations. Tune into opening remarks for updates on topics such as cannabis accounting and asset retirement obligations.