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February 7, 2024

Document for Comment, News

​​AcSB Exposure Draft – Financial Instruments with Characteristics of Equity​

The AcSB issued its Exposure Draft, “Financial Instruments with Characteristics of Equity,” which corresponds to the IASB’s Exposure Draft on this topic. If you would like your feedback considered prior to our Board finalizing our comment letter, please respond to us by March 1, 2024.

January 23, 2024

Meeting Summary

AcSB Decision Summary – January 23, 2024

The AcSB discussed Contributions, Subsequent Measurement of Goodwill and Acquired Intangible Assets, Scaling the Standards, the AcSB’s Annual Plan, and more. Read the Decision Summary for full details, including how you can provide feedback on these initiatives.

January 18, 2024

Meeting Summary, Webpage

Not-for-Profit Advisory Committee Notes – December 14, 2023

The Committee discussed Contributions, Recognition of intangible assets and amortization of goodwill and more. Read the meeting notes for full details.

January 16, 2024

News

Volunteer Opportunity – Academic Advisory Committee

Are you an accounting academic with an in-depth knowledge of research and theoretical concepts relevant to accounting standards? Want to help bridge the gap between academic research and accounting standard setting? If so, the AcSB needs you on its Academic Advisory Committee! Apply by February 23, 2024. 

January 10, 2024

International Activity, News

Accounting Standards Board of Canada and the Accounting Standards Board of Japan Hold Bilateral Meeting in Montreal

Representatives of the Accounting Standards Board (AcSB) of Canada and the Accounting Standards Board of Japan (ASBJ) held their fifth bilateral meeting on January 8 and 9, 2024 in Montreal, Canada. The Boards provided updates on their respective activities and discussed agenda items in which both Boards have interest, such as power purchase agreements and climate-related and other uncertainties in the Financial Statements. Read the press release, available in English. 

January 8, 2024

News

Volunteer Opportunity – User Advisory Committee

Are you part of the financial statement user community? Do you value decision-useful and reliable financial information? We want to hear from you! Help the AcSB better understand how users of financial statements make informed decisions. Apply to be a new member of the User Advisory Committee by February 29, 2024!

December 18, 2023

International Activity, News

AcSB Response – Annual Improvements to IFRS® Accounting Standards – Volume 11

On December 5, 2023, the AcSB responded to the IASB’s Exposure Draft, “Annual Improvements to IFRS Accounting Standards—Volume 11,” issued in September 2023. The AcSB’s letter expressed that overall, the proposed amendments will help address application challenges and improve the consistency of the application of the respective IFRS Accounting Standards. Read our letter to find out more!

Please note: this letter is posted on an external website; if you need an accessible version, please email us at [email protected].

December 13, 2023

Meeting Summary

AcSB Decision Summary – December 13, 2023

The AcSB discussed Financial Instruments with Characteristics of Equity, Pension Plans, the AcSB’s Annual Plan, and more. Read the Decision Summary for full details, including how you can provide feedback on these initiatives. 

December 12, 2023

Meeting Summary, Webpage

IFRS® Accounting Standards Discussion Group Meeting Report – December 12, 2023

The Group discussed Revenue Recognition for Carbon Credits, Classification of Liabilities with Covenants when an Entity is Granted a Waiver or Period of Grace, Year-end Financial Reporting Reminders, and more. Read the meeting report for full details!

December 1, 2023

International Activity, Document for Comment, News

IASB Exposure Draft – Financial Instruments with Characteristics of Equity

The IASB has published an Exposure Draft, Financial Instruments with Characteristics of Equity, which proposes amendments to IAS 32 Financial Instruments: Presentation. Respond directly to the IASB with your feedback by March 29, 2024. In addition, stay tuned for opportunities to participate in consultation activities to inform our Board’s response to the IASB.