Canadian Private Enterprise User Advisory Committee
The Canadian Private Enterprise User Advisory Committee assists the AcSB in understanding the information needs of users of private company financial statements. Committee members advise the Board on standard-setting priorities and specific agenda projects based on their knowledge of information gaps that exist for financial statement users.
IFRS® Accounting Standards Discussion Group
The IFRS® Accounting Standards Discussion Group is a regular public forum to discuss issues that arise in Canada when applying IFRS® Accounting Standards. The IFRS Accounting Standards Discussion Group’s mandate was expanded to include assisting the Board in influencing the development of IFRS Accounting Standards (for example, providing advice on potential changes to IFRS Accounting Standards).
IFRS Interpretations Committee Member Support Group
The IFRS Interpretations Committee Member Support Group supports the Canadian member(s) of the IASB’s IFRS Interpretations Committee (IFRIC) by providing Canadian views, insights, analysis and background on implementation issues.
Insurance Transition Resource Group
The AcSB Insurance Transition Resource Group advises the AcSB on application matters related to IFRS 17 Insurance Contracts and as needed, on the development of other IFRS Accounting Standards. The Group will assist the AcSB with contributing to the IASB’s work, including the future post-implementation review of IFRS 17.
Medium and Small Practitioners Advisory Committee
The Medium and Small Practitioners Advisory Committee assists the AcSB in maintaining and improving accounting standards for private enterprises in Part II and accounting standards for not-for-profit organizations in Part III of the CPA Canada Handbook – Accounting.
Not-For-Profit Advisory Committee
The Not-for-Profit Advisory Committee acts in an advisory capacity to the AcSB and assists the AcSB in maintaining and improving accounting standards for not-for-profit organizations in the private sector.
Pension Plan Advisory Committee
The Advisory Committee acts in an advisory capacity to the AcSB and assists the AcSB in maintaining and improving accounting standards for pension plans in Part IV of the CPA Canada Handbook.
Private Enterprise Advisory Committee
The Private Enterprise Advisory Committee assists the AcSB in maintaining and improving accounting standards for private enterprises.
Rate-regulated Activities Transition Resource Group
The AcSB Rate-regulated Activities Transition Resource Group assists with the implementation of the forthcoming IFRS® Accounting Standard on Regulatory Assets and Regulatory Liabilities. The Group will discuss implementation issues arising in Canada to raise awareness, including issues for which it has received submissions from the public.
Risk Mitigation Accounting Working Group
The Accounting Standards Board (AcSB) created the Risk Mitigation Accounting Working Group to support its involvement in the International Accounting Standards Board’s (IASB) Risk Mitigation Accounting project. The Group provides expertise to assess the impact of IASB proposals and ensure Canadian interested and affected parties’ perspectives are considered.
User Advisory Committee
The User Advisory Committee helps to increase financial statement user participation in the accounting standard-setting process. The objective of accounting standards is to meet the needs of users of financial statements by providing the information they require to make informed decisions.