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.
Do you apply IFRS® Standards? Do you audit or use public company financial statements and performance measures? Learn about changes the IASB is proposing via this webinar. on March 9, 2020 (English) at 12:30 pm (EST) and March 24, 2020 (French) at 2:00pm (EST).
Stay tuned for details!
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.
The Group discussed topics such as lease term and useful life of leasehold improvements, application of definition of lease to a surface right, and impacts of climate change on financial reporting. Read about the views expressed by Group members for helpful tips on these and other topics.
Listen to the Group’s insights on interesting topics, such as accounting for sale-lease back transactions with variable payments, share-based payments for an asset acquisition, financial instruments, and IBOR Reform. Tune into opening remarks for updates on topics discussed in previous meetings, including cannabis accounting and uncertain tax position acquired in a business combination.
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.