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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Webinar – Domestic Accounting Standards Update 2:00 pm - 3:00 pm (EST)

Are you a Canadian private enterprise or not-for-profit organization, an advisor to one, or a user of financial reports? Sign up to learn about current and future changes to Part II and Part III of the CPA Canada Handbook – Accounting. Tune in on February 18, 2020 (English) at 2:00 pm (EST). Stay tuned for a French webinar date – to be added soon!

Meeting & event summaries

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January 7, 2020 AcSB Decision Summary – December 11, 2019

The Board discussed topics such as IFRS® Standards, Insurance, Combinations, and Related Party Combinations, among others.

December 19, 2019 IFRS® Discussion Group Archived Audio Webcast – December 12, 2019

Get a head-start on year-end reporting by listening to the Group’s insightful discussions on hot topics, including lease term determination, climate change and asset impairment, and the impacts of the new leasing standard on inventory and revenue recognition. Tune into opening remarks for updates on topics discussed in previous meetings, such as sale-lease back transactions with variable payments.  

October 10, 2019 AcSB Decision Summary – October 10, 2019

The Board discussed a number of topics, including IFRS® Standards, Combinations, and due process, among others.

News

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January 21, 2020 News
Withdrawal of Part V from the CPA Canada Handbook – Accounting

As of March 1, 2020, Part V, also known as pre-changeover accounting standards, will be removed from the Handbook. Read more for additional information, and to find out what this means for stakeholders and preparers.

January 15, 2020 Document for Comment
AcSB Exposure Draft – General Presentation and Disclosures

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 30, 2020.

January 15, 2020 News
News Release – Representatives of the Accounting Standards Board of Canada and the Accounting Standards Board of Japan Hold Meeting in Toronto

Representatives of the AcSB and the Accounting Standards Board of Japan (ASBJ) met on January 13, 2020 in Toronto. This meeting was the first bilateral meeting between the AcSB and the ASBJ. Both Boards introduced their respective financial reporting frameworks and activities, and exchanged views on the opportunities for cooperation.