AcSB

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December 3, 2019

News

AcSB Meeting Agenda – December 11, 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.

November 29, 2019

News

Goodwill and Impairment – Project Update

The IASB is carrying out a research project on Goodwill and Impairment to investigate how companies can provide users of financial statements with better information about business combinations at a reasonable cost. The IASB’s preliminary views will be shared in its upcoming Discussion Paper. Canadian stakeholders can help by commenting on the IASB’s Discussion Paper which is expected to be released in the first quarter of 2020. Follow the AcSB’s project page for updates!

November 6, 2019

News

IFRS® Discussion Group Meeting Agenda – December 12, 2019

The Group’s agenda will cover a range of topics, including leases, employee benefits, impairment of assets, deferred tax on goodwill, and more. The Group will also provide initial feedback on possible topics for the IASB’s 2020 Agenda Consultation. Register today to attend as an in-person or virtual observer!

November 1, 2019

Basis for Conclusions

Basis for Conclusions – Agriculture, Section 3041

This document sets out how the AcSB reached its conclusions on the Agriculture project, and discussions on significant matters arising from comments received and issues raised in response to its Exposure Draft.

October 10, 2019

Meeting Summary

AcSB Decision Summary – October 10, 2019

The Board discussed a number of topics, including IFRS® Standards, Combinations, and due process, among others.

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.