AcSB

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January 29, 2020

Meeting Summary

AcSB Decision Summary – January 15, 2020

The Board discussed topics such as IFRS® Standards, contributions, pension plans, and its next strategic plan, among others.

January 28, 2020

News

IFRS® Discussion Group Meeting Report – December 12, 2019

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.

January 21, 2020

News

Withdrawal of Part V from the CPA Canada Handbook – Accounting

As of March 1, 2020, Part V, also known as pre-changeover accounting standards, will be removed from the Handbook. Read more for additional information, and to find out what this means for stakeholders and preparers.

January 15, 2020

News

News Release – Representatives of the Accounting Standards Board of Canada and the Accounting Standards Board of Japan Hold Meeting in Toronto

Representatives of the AcSB and the Accounting Standards Board of Japan (ASBJ) met on January 13, 2020 in Toronto. This meeting was the first bilateral meeting between the AcSB and the ASBJ. Both Boards introduced their respective financial reporting frameworks and activities, and exchanged views on the opportunities for cooperation. 

January 15, 2020

Document for Comment

AcSB Exposure Draft – Combinations – Initial Measurement and Related Disclosures

The AcSB seeks feedback on its proposals to introduce new guidance on the accounting for a combination of not-for-profit organizations. These proposals apply to not-for-profit organizations applying the standards in Parts III of the CPA Canada Handbook – Accounting. Stakeholders are encouraged to submit their comments by April 14, 2020.

January 7, 2020

News

2019 Comprehensive Review of the IFRS for SMEs Standard – IASB® Request for Information

The AcSB is monitoring the IASB’s 2019 comprehensive review of the IFRS for SMEs Standard. As part of the review, the IASB is developing a Request for Information, expected to be issued in the first quarter of 2020.

January 7, 2020

Meeting Summary

AcSB Decision Summary – December 11, 2019

The Board discussed topics such as IFRS® Standards, Insurance, Combinations, and Related Party Combinations, among others.

January 6, 2020

News

Academic Research – Call for papers for Special Issue of Accounting Perspectives on Blockchain and Cryptoassets

The Canadian Academic Accounting Association’s (CAAA) journal Accounting Perspectives, with Guest Editor Rebecca Villmann, FRAS Canada Director, are calling on accountants to play a role in understanding blockchain and cryptoassets, and evaluating and influencing how they will affect the accounting profession, business and accounting education. We encourage researchers and educators to submit materials on the challenges and opportunities on how to account, audit, tax and regulate these activities by April 30, 2020.

December 23, 2019

News

Webinar – Domestic Accounting Standards Update

Are you a Canadian private enterprise or not-for-profit organization, an advisor to one, or a user of financial reports? Sign up to learn about current and future changes to Part II and Part III of the CPA Canada Handbook – Accounting. Tune in on February 18, 2020 (English) at 2:00 pm (EST). Stay tuned for a French webinar date – to be added soon!

December 19, 2019

Meeting Summary

IFRS® Discussion Group Archived Audio Webcast – December 12, 2019

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.