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March 24, 2023

Document for Comment, International Activity

IASB Exposure Draft – Amendments to the Classification and Measurement of Financial Instruments

The IASB has published an Exposure Draft, Amendments to the Classification and Measurement of Financial Instruments, which proposes updates to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures. Respond with your feedback by July 19, 2023.

March 22, 2023

Resource, Guidance

Section 3041, Agriculture – How to apply the disclosure requirements for the net realizable value model

Are you applying the new agriculture standard for private enterprises? Do you plan to measure your agricultural inventories using net realizable value? Read this easy-to-understand resource to support your financial statement preparation process.

March 14, 2023

News

IFRS® Accounting Standards Discussion Group – Request for Issues

The IFRS Accounting Standards Discussion Group wants to hear about the challenges you face when applying IFRS Accounting Standards. Submit your issue by March 29, 2023, for consideration as a discussion topic at our May 25, 2023, virtual meeting.

March 8-9, 2023

Meeting Summary, Webpage

AcSB Decision Summary – March 8-9, 2023

The AcSB discussed Crypto-asset Activities, Reporting Controlled and Related Entities, Related Party Combinations, Revenue, Agriculture, Pension Plans, Scaling the Standards, Sustainability Reporting, the AcSB’s Annual Plan, and more. Read the Decision Summary for full details, including how you can provide feedback on these initiatives.

March 1, 2023

News

Media Release – Independent review concludes, setting the stage for the future of Canadian accounting, auditing, and sustainability standard setting

The Independent Review Committee on Standard Setting in Canada issued its final recommendations report. The recommendations aim to ensure Canadian accounting and auditing – and now sustainability reporting and assurance – standard setting continues to be independent and internationally recognized. A summary feedback statement will soon be issued, outlining the feedback the committee received during its consultation process.

February 22, 2023

Meeting Summary

Private Enterprise Advisory Committee Notes – February 2, 2023

The Committee held a meeting on February 2, 2023, and discussed Accounting for Insurance Contracts with Cash Surrender Value and Agriculture. Read the meeting notes for full details!

February 16, 2023

News, Article, Resource

The International Accounting Standards Board (IASB) Leadership Meet with Accounting Standards Board (AcSB) in Toronto

The Accounting Standards Board (AcSB) welcomed International Accounting Standards Board (IASB) Chair, Andreas Barckow, and Vice-Chair, Linda Mezon-Hutter, to its February 15, 2023 board meeting in Toronto.

February 15, 2023

Meeting Summary, Webpage

AcSB Decision Summary – February 15, 2023

The AcSB discussed Contributions, Scaling the Standards, and more. Read the Decision Summary for full details, including how stakeholders can provide feedback on these initiatives.

February 15, 2023

Meeting Summary

Not-for-Profit Advisory Committee Notes – January 31, 2023

The Committee discussed Contributions, Reporting Controlled and Related Entities, Insurance Contracts with a Cash Surrender Value, and more. Read the meeting notes for full details.

January 31, 2023

News

Volunteer Opportunity – Small Practitioners Working Group

Would you like to bring the small or medium-sized practitioner perspective to accounting standard setting? If so, the AcSB needs you on its new Small Practitioners Working Group! Submit your application by February 24, 2023.