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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Report Quality Performance Measures

Learn about best practices for preparing non-GAAP and operational measures in the AcSB's Framework for Reporting Performance Measures!

Upcoming meetings & events

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November 13-14, 2019 AcSB Meeting – November 13-14, 2019 9:00 am - 5:00 pm ET

November 20, 2019 Private Enterprise Advisory Committee Meeting – November 20, 2019 9:00 am – 4:00 pm ET Toronto, ON

November 22, 2019 Academic Advisory Council Meeting – November 22, 2019 9:00 am – 4:00 pm ET

Meeting & event summaries

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October 9, 2019 IFRS® Discussion Group Archived Audio Webcast – September 25, 2019

Listen to the Group’s insights on interesting topics, such as accounting for sale-lease back transactions with variable payments, share-based payments for an asset acquisition, financial instruments, and IBOR Reform. Tune into opening remarks for updates on topics discussed in previous meetings, including cannabis accounting and uncertain tax position acquired in a business combination.

September 17-18, 2019 AcSB Decision Summary – September 17-18, 2019

The Board discussed topics such as IFRS® Standards, Insurance, Revenue, Combinations, Contributions, and ASPE implementation questions, among others.

September 10, 2019 Private Enterprise Advisory Committee Notes – September 10, 2019

At its recent meeting, the Committee discussed a number of topics including Revenue, Related Party Transactions, the relevance of financial reporting, and much more.

News

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October 8, 2019 Resource
A Podcast Series – AcSB in Conversation

Listen to AcSB Members and staff discuss what’s keeping the Board busy. Topics include Section 3041, Agriculture, Contributions and Combinations, Employee Future Benefits, and the Relevance of Financial Reporting.

October 4, 2019 News
IFRS® Discussion Group – Request for Issues

The IFRS Discussion Group wants to hear about the challenges you face when applying IFRS Standards. Submit your issue by October 18, 2019, for consideration as a potential topic for discussion at our December 12, 2019 meeting in Toronto.

October 3, 2019 News
AcSB Response – Amendments to IFRS 17

On September 25, 2019, the AcSB responded to the IASB’s Exposure Draft, issued in June 2019. We encourage the IASB to move quickly to finalize IFRS 17, as the standard is expected to benefit the global capital markets. A common global adoption date of IFRS 17 is critical to the success of transitioning to the new insurance contract standard. Read our letter to find out more!