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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Meeting & event summaries

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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.

November 23, 2018
AcSB Decision Summary – November 12-13, 2018

The Board discussed topics such as Combinations, Contributions, Financial Instruments with Characteristics of Equity, Insurance Contracts, Revenue, Related Party Transactions, the Draft Framework for Reporting Performance Measures, and activities of the User Advisory Council and Academic Advisory Council, among others.

News

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January 15, 2019 Meeting
AcSB Meeting Agenda – January 15, 2019

At its upcoming meeting the Board will consider matters regarding IFRS® Standards, standards for private enterprises and not-for-profit organizations, and due process.

January 15, 2019 Meeting Summary
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.

January 11, 2019 News
Volunteer Opportunity, Accounting Standards Board – NEW Application Deadline!

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.