News Listings

The AcSB is performing research to better understand and consider accounting for crypto-asset activities. The goal of our research is to identify what constitutes decision-useful information to financial statement users. Read about how we plan to bring awareness to crypto-asset accounting issues and advance evidence-informed standard setting conversations on this topic. Our first paper, “Accounting for Crypto-asset Activities: Crypto-asset Holdings – Payment Tokens,” is out now.

The AcSB discussed Sustainability, the Post-implementation Review of IFRS 15 Revenue from Contracts with Customers, progress on its Annual Plan, and more. Read the Decision Summary for full details, including how you can provide feedback on these initiatives.

The IASB published a Request for Information, “Post-implementation Review of IFRS 15 Revenue from Contracts with Customers.” Respond directly to the IASB with your feedback by October 27, 2023. In addition, stay tuned for more information on our upcoming virtual roundtables to help inform the Board’s response to the IASB.

The IFRS Accounting Standards Discussion Group wants to hear about the challenges you face when applying IFRS Accounting Standards. Submit your issue by July 19, 2023, for consideration as a discussion topic at our September 19, 2023, meeting.

The AcSB discussed Crypto-asset Activities, Cash Flow Reporting, Related Party Combinations, Revenue, Insurance Contracts with Cash Surrender Value, and more. Read the Decision Summary for full details, including how you can provide feedback on Board initiatives.

PSAB will soon initiate a project to review its standards on Contributions – part of our Government Not-for-Profit (GNFP) Strategy implementation plan. Did you know that the Accounting Standards Board (AcSB) currently has its Exposure Draft, “Contributions – Revenue Recognition and Related Matters” out for public comment? GNFPs interested in providing feedback have until September 30, 2023 to weigh in.

The IASB issued new disclosure requirements to enhance the transparency of supplier finance arrangements. Read our article to learn about the amendments and the types of transactions that are supplier finance arrangements.

The IASB published a Request for Information, “Post-implementation Review of IFRS 9 Financial Instruments—Impairment” on the impairment requirements in IFRS 9 and related disclosure requirements in IFRS 7 Financial Instruments: Disclosures. Respond directly to the IASB with your feedback by September 27, 2023. In addition, stay tuned for more information on our virtual roundtables happening this summer to help inform our Board’s response to the IASB.

To better meet stakeholders’ different reporting needs, we advanced our strategic commitment to exploring scaling the standards while maintaining our focus on key international and domestic projects. Read our Annual Report to learn more about our 2022-2023 activities and accomplishments.

How do new or amended IFRS^® Accounting Standards make their way into the CPA Canada Handbook – Accounting? Find out via this overview of the due process activities we completed in support of changes made to Part I of the Handbook in 2022.