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October 9, 2019

Meeting Summary

IFRS® Discussion Group Archived Audio Webcast – September 25, 2019

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.

October 8, 2019

Resource

A Podcast Series – AcSB in Conversation

Listen to AcSB Members and staff discuss what’s keeping the Board busy. Topics include Section 3041, Agriculture, Contributions and Combinations, Employee Future Benefits, and the Relevance of Financial Reporting.

October 4, 2019

News

IFRS® Discussion Group – Request for Issues

The IFRS Discussion Group wants to hear about the challenges you face when applying IFRS Standards. Submit your issue by October 18, 2019, for consideration as a potential topic for discussion at our December 12, 2019 meeting in Toronto.

October 3, 2019

News

AcSB Response – Amendments to IFRS 17

On September 25, 2019, the AcSB responded to the IASB’s Exposure Draft, issued in June 2019. We encourage the IASB to move quickly to finalize IFRS 17, as the standard is expected to benefit the global capital markets. A common global adoption date of IFRS 17 is critical to the success of transitioning to the new insurance contract standard. Read our letter to find out more!

October 3, 2019

News

AcSB Meeting Agenda – October 10, 2019

At its upcoming meeting the Board will consider matters regarding IFRS® Standards and due process, among others.

October 1, 2019

News

Volunteer Opportunity – IFRS® Discussion Group

The AcSB is currently seeking new members for its IFRS Discussion Group. All are welcome to apply. We encourage applicants from small to medium size public accounting firms, and financial statement preparers and users to help fill the vacancies of the Group. If you are interested, please submit a resumé by October 25, 2019.

September 25, 2019

News

Call for academic research papers – 2020 IASB Research Forum

Support the AcSB in influencing the development of IFRS Standards by submitting academic papers for the IASB Research Forum. Topics of interest include performance measures, wider financial reporting, better disclosure, goodwill and impairment, and effects analysis on recently applied new IFRS Standards. The deadline for submitting papers to the Accounting and Business Research editorial office is March 26, 2020.

September 17-18, 2019

Meeting Summary

AcSB Decision Summary – September 17-18, 2019

The Board discussed topics such as IFRS® Standards, Insurance, Revenue, Combinations, Contributions, and ASPE implementation questions, among others.

September 16, 2019

Document for Comment

AcSB Exposure Draft – Employee Future Benefits – Use of a Funding Valuation

The AcSB seeks feedback on its proposals to modify the guidance on using an actuarial valuation for funding purposes in the measurement of the defined benefit obligation. These proposals apply to private enterprises and not-for-profit organizations applying the standards in Parts II and III of the CPA Canada Handbook – Accounting. Stakeholders are encouraged to submit their comments by December 16, 2019.

September 10, 2019

Meeting Summary

Private Enterprise Advisory Committee Notes – September 10, 2019

At its recent meeting, the Committee discussed a number of topics including Revenue, Related Party Transactions, the relevance of financial reporting, and much more.