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!

Upcoming meetings & events

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June 6-7, 2019 AcSOC Meeting – June 6-7, 2019 June 6, 2019 – 9:00 am to 5:00 pm (MDT) June 7, 2019 – 8:30 am to 12:30 pm (MDT) Edmonton, Alberta

Attend the upcoming AcSOC meeting in person! The Council will discuss a number of topics, including the Chairs’ reports on the many activities of the AcSB and PSAB. Register today!

June 7, 2019 User Advisory Council Meeting – June 27, 2019 9:00 am – 4:00 pm ET

Meeting & event summaries

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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.

April 9, 2019 AcSB Decision Summary – April 9, 2019

The Board discussed topics such as IFRS® Standards and its 2018-2019 performance report, among others.

April 8, 2019 Not-for-Profit Advisory Committee Notes – April 8, 2019

Not-for-Profit Organizations, NFPOs, Advisory Committee, Notes, April 8, 2019

News

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May 15, 2019 News
IFRS® Discussion Group Meeting Agenda – June 20, 2019

The Group’s agenda covers a range of topics, which includes leases, revenue, financial instruments, as well as the timing of applying agenda decisions, uncertain tax positions and more. Register today to attend as an in-person or virtual observer!

May 13, 2019 Document for Comment
AcSB Exposure Draft – Interest Rate Benchmark Reform (Proposed amendments to IFRS 9 and IAS 39)

The AcSB has issued its Exposure Draft that corresponds to the IASB’s Exposure Draft on this topic. Stakeholders are encouraged to submit their comments by June 17, 2019.

May 13, 2019 News
IASB Exposure Draft – Interest Rate Benchmark Reform (Proposed amendments to IFRS 9 and IAS 39)

The AcSB has issued its Exposure Draft that corresponds to the IASB’s Exposure Draft on this topic. Stakeholders are encouraged to submit their comments by June 17, 2019.