August 16, 2019
At its upcoming meeting the Board will consider matters regarding IFRS® Standards, standards for private enterprises, not-for-profit organizations, and due process, among others.
AcSOC is looking for new AcSB members! Are you a financial statement user? Do you prepare financial statements using accounting standards for not-for-profit organizations? Then we want to hear from you. Submit your résumé by September 13, 2019 to apply to become a member.
August 6, 2019
The IASB has issued an Exposure Draft proposing amendments to IAS 1 Presentation of Financial Statements and IFRS Practice Statement 2 Making Materiality Judgements. Canadian stakeholders are encouraged to submit their comments to the IASB by November 29, 2019.
August 1, 2019
Due to high demand, the roundtable session on September 5, 2019 is now full! Therefore, the AcSB is holding an additional virtual roundtable on September 11, 2019 for stakeholders to provide input on the IASB’s Exposure Draft, “Amendments to IFRS 17.” Complete the registration form to attend the virtual roundtable and share your views!
July 30, 2019
At its recent meeting, the Committee discussed accounting for contributions and combinations, as well as research on the NFP sector, amendments to other frameworks, and the Public Sector Accounting Board’s (PSAB’s) Government NFP Strategy Consultation paper.
July 29, 2019
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 November 14, 2019.
The IASB has issued an Exposure Draft proposing amendments to IAS 12 Income Taxes. Canadian stakeholders are encouraged to submit their comments to the IASB by November 14, 2019.
July 25, 2019
On July 18, 2019, Linda Mezon, AcSB Chair, moderated a panel discussion on IFRS 17. Watch the video recording and download the slides to learn more about the conversations around the proposed amendments to the standard.
July 24, 2019
The Group discussed topics such as timing of applying agenda decisions and determining lease payments under IFRS 16. Read about the views expressed by Group members for helpful tips and to stay up to date on past issues such as accounting for cryptocurrencies.
July 22, 2019
The Accounting Standards Oversight Council (AcSOC) is looking for new members. If you are interested in working with and debating issues of public interest and financial reporting with other prominent members of the Canadian business, professional, and government community, then submit your résumé by August 30, 2019 to apply to become a member.