The Accounting Standards Board (AcSB) established the IFRS® Discussion Group in November 2009 to implement and maintain a regular public forum to discuss issues that arise in Canada when applying IFRS Standards.
The Group discusses issues arising in this forum to:
In November 2016, the AcSB expanded the IFRS Discussion Group’s mandate to include assisting the Board in influencing the development of IFRS Standards (for example, providing advice on potential changes to IFRS Standards).
Use our searchable database to find out if the IFRS Discussion Group has discussed a topic that you need information about!
Did you know you can submit an issue to us for possible discussion at an upcoming meeting?
The Group normally meets three times a year. Discussions regarding issues arising from the application of IFRS Standards are held in public and conducted in English. Audio webcasts of the Group’s discussion for each agenda topic are generally available online the week following the meeting. A report on the public meeting will be made available after each meeting.
Discussions of the Group to provide advice to the AcSB on potential changes to IFRS Standards are generally held in private.
For upcoming meetings, visit the AcSB calendar.
Listen to the Group’s insights on topics relating to leases, revenue, and financial instruments, as well as the timing of applying agenda decisions, uncertain tax positions and more. Tune into opening remarks for updates on topics such as cryptocurrencies and cannabis accounting.
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.
The Group discussed whether the amendments to IFRS 3 associated with the definition of a business can be early adopted by entities. This topic may be relevant to an entity’s 2018 year-end reporting period. Check back mid-February for the summary on the other topics discussed at the Group’s January 2019 meeting!
The Group consists of:
Members are generally appointed for a three-year term, renewable once.
In addition to members, the AcSB’s Chair and Director, Accounting Standards, attend the Group’s meetings. Several other individuals participate in the meetings, including:
Others may be invited to participate in meetings on an ad hoc basis to contribute to discussions on particular issues. An individual who submits an issue can participate in the Group’s discussion of that issue.