News Listings

The AcSB discussed Financial Statement Concepts, Reporting Controlled and Related Entities, Contributions, and more. Read the decision summary for full details.

The Group discussed IFRS 18 Presentation and Disclosure in Financial Statements: Recent tentative agenda decisions issued by the IFRS Interpretations Committee; entities with specified main business activities; and disclosures about management-defined performance measures. The Group also discussed financial reporting considerations arising from current global economic and geopolitical developments. Read the meeting report for full details!

The AcSB discussed performance and annual reports, Guidance Framework topics, Contributions, and more. Read the decision summary for full details.

RASOC is pleased to announce the appointments and reappointments for the AASB, the AcSB, the CSSB, PSAB, and the Oversight Council. We also thank retiring members for their dedicated service. Read the appointments page for full details.

The AcSB’s 2026–2027 Annual Plan describes the Board’s key activities and project milestones for the year. The Plan also highlights our progress on objectives from the 2022–2027 Strategic Plan. Read more about our work to enhance the relevance of financial and non‑financial reporting information, continued engagement in international standard-setting activities, and consideration of emerging issues such as the implications of technological developments, including artificial intelligence, for financial reporting.

The AcSB discussed the Detailed Review of ASPE project, Guidance Framework topics, Contributions, and more. Read the decision summary for full details.

The Accounting Standards Board (AcSB) issued its Exposure Draft that corresponds to the International Accounting Standards Board’s Exposure Draft on this topic. If you would like your feedback considered prior to the AcSB finalizing its comment letter, please respond by March 27, 2026.

The AcSB has endorsed amendments to illustrative examples in IFRS 7 Financial Instruments: Disclosures, IFRS 18 Presentation and Disclosure in Financial Statements, IAS 1 Presentation of Financial Statements, IAS 8 Basis of Preparation of Financial Statements, IAS 36 Impairment of Assets, and IAS 37 Provisions, Contingent Liabilities and Contingent Assets that clarify how entities disclose uncertainties in the financial statements. The examples use climate-related scenarios as practical illustrations, but the underlying principles apply more broadly to all uncertainties. The amendments are now in Part I of the CPA Canada Handbook – IFRS^® Accounting Standards. The illustrative examples do not have an effective date because they support, but are not part of, IFRS Accounting Standards.

The IFRS Accounting Standards Discussion Group wants to hear about the challenges you face when applying IFRS Accounting Standards. Submit your issue by March 6, 2026, for consideration as a discussion topic at our May 12, 2026, meeting.

The AcSB discussed the Risk Mitigation Accounting project, Guidance Framework topics including Cloud Computing and Agriculture, and more. Read the decision summary for full details.