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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AcSB Consultation Paper – Improvements to Section 4450, Reporting Controlled and Related Entities by Not-for-Profit Organizations

The AcSB is seeking feedback on its Consultation Paper, “Improvements to Section 4450, Reporting Controlled and Related Entities by Not-for-Profit Organizations,” including our proposals to: identify and assess relationships with related and controlled entities; enhance definitions of control and significant influence; and strengthen disclosure requirements for users to better understand these relationships. Read more and submit your comments by February 26, 2027.

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Volunteer Opportunities – AcSB Advisory Committees

Would you like to help improve accounting standards for private enterprises and/or not-for-profit organizations in Canada? The AcSB is seeking new members for four Advisory Committees: the Private Enterprise Advisory Committee, Not-for-Profit Advisory Committee, Medium and Small Practitioners Advisory Committee, and Canadian Private Enterprise User Advisory Committee. Apply to join one by December 15, 2026.

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Section 3041, Agriculture – Productive Biological Assets Managed on a Collective Basis – What You Need to Know

Do you have questions about how to determine when there is a change in the carrying amount of productive biological assets managed on a collective basis? Read our non-authoritative resource, which is intended to support the application of Section 3041.

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Upcoming meetings & events

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December 8, 2026 IFRS® Accounting Standards Discussion Group Meeting – December 8, 2026 12:30 p.m. to 3:00 p.m.

At its upcoming meeting, the Group will discuss IFRS 18: Additional Line Items and Subtotals, and IAS 8: Disclosure Considerations related to IFRS 18. Don’t miss out on the latest IFRS news! Register now to observe our meeting via livestream.

January 20, 2027 Virtual Roundtable Discussions – AcSB Consultation Paper, “Improvements to Section 4450, Reporting Controlled and Related Entities by Not-for-Profit Organizations” 29/10/26 (English Roundtable) 1:00 - 2:00 p.m. ET 28/10/26 (French Roundtable) 1:00 - 2:00 p.m. ET

Join us for a virtual roundtable discussion on the AcSB’s Consultation Paper, “Improvements to Section 4450, Reporting Controlled and Related Entities by Not-for-Profit Organizations.” Our French roundtable is October 28, 2026, and our English roundtable is October 29, 2026. Don’t miss your chance to share your feedback with our team. Register now to save your spot!

Meeting & event summaries

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September 22-23, 2026 AcSB Decision Summary – September 22-23, 2026

The AcSB discussed 2026-2027 Package of Minor Amendments, Non-traditional Pension Plans, Contributions, and more. Read the decision summary for full details.

September 17, 2026 IFRS® Accounting Standards Discussion Group Meeting Report – September 17, 2026

The Group discussed IFRS 18 Presentation and Disclosure in Financial Statements: Management-defined Performance Measures – Public Communications, IFRS 18: Management-defined Performance Measures – Hypothetical Income and Expenses, IAS 28 Investments in Associates and Joint Ventures: Election to Measure Investments in Associates or Joint Ventures at Fair Value Through Profit or Loss, and more. Read the meeting report for full details!

July 15, 2026 AcSB Decision Summary – July 15, 2026

The AcSB discussed Detailed Review of Accounting Standards for Public Enterprises, Guidance Framework, Package of Minor Amendments, and Derecognition of Financial Liabilities. Read the decision summary for full details.

News

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January 20, 2027 Meeting, News

Virtual Roundtable Discussions – AcSB Consultation Paper, “Improvements to Section 4450, Reporting Controlled and Related Entities by Not-for-Profit Organizations”

November 24-26, 2026 Resource, Webinar, Video

Webinar – Domestic Accounting Standards Update (Fall 2026)

Are you a Canadian private enterprise, not-for-profit organization, pension plan, an advisor to one, or a user of their financial statements? Join this webinar to learn about current accounting standards projects and recent amendments in Parts II, III, and IV of the CPA Canada Handbook – Accounting. Register for the French webinar on November 24, 2026, or the English webinar on November 26, 2026.

October 2, 2026 News

IFRS® Accounting Standards Discussion Group – Request for Issues

The IFRS Accounting Standards Discussion Group wants to hear about the challenges you face when applying IFRS Accounting Standards. Submit your issue by October 16, 2026, for consideration as a discussion topic at our December 8, 2026, meeting.