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 meeting & events

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Meeting & event summaries

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February 27, 2019 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).

February 14, 2019 IFRS® Discussion Group Meeting Report – January 10, 2019

The Group discussed topics such as 2019 interim disclosure considerations related to IFRS 16, credit enhancements and related party loans. Read about the views expressed by Group members for helpful tips and stay up-to-date on past issues such as accounting for asset retirement obligations.

February 13, 2019 AcSB Decision Summary – February 13, 2019

The Board discussed topics such as narrow scope amendments to the income taxes and investments standards, and Financial Instruments – Hedging, among others.

News

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March 19, 2019 News
IFRS® Standards Project Summary – Responses to Exposure Draft, Improvements to IFRS 8 Operating Segments

IFRS Foundation staff have issued a Project Summary of the Exposure Draft, Improvements to IFRS 8 Operating Segments.
The Project Summary provides the IASB’s rationale for deciding not to proceed with the amendments proposed in the Exposure Draft.

March 19, 2019 News
IFRS® Foundation Project Summary – Discount Rates in IFRS Standards

IFRS Foundation staff have issued a Project Summary that provides an overview of research considered by the IASB from 2014 to 2017 on Discount Rates in IFRS Standards. Outputs of this project consist of research findings and a summary listing matters that the IASB staff will consider in the future when developing recommendations for the IASB on present value measurement requirements.

March 19, 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 April 19, 2019, for consideration as a potential topic for discussion at our June 20, 2019 meeting in Toronto.