News Listings

On August 19, 2019, the AcSB responded to the IASB’s Exposure Draft, Annual Improvements to IFRS® Standards 2018-2020. The Exposure Draft proposed amendments to IFRS Standards as part of the IASB’s Annual Improvements process. Read our letter to understand the matters we raised to the IASB for further consideration.

Hear Armand Capisciolto, Vice-Chair of the Accounting Standard Board, discuss implementation questions on the application of the amendments to Section 3856, Financial Instruments.

AcSB Exposure Draft – Disclosure of Accounting Policies (Proposed amendments to IAS 1 and IFRS Practice Statement 2)

The AcSB has issued its Exposure Draft that corresponds to the IASB’s Exposure Draft on this topic. Stakeholders are encouraged to submit their comments by November 29, 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.

The IASB has issued an Exposure Draft proposing amendments to IAS 1 Presentation of Financial Statements and IFRS Practice Statement 2 Making Materiality Judgements. Canadian stakeholders are encouraged to submit their comments to the IASB by November 29, 2019.

The IASB has issued an Exposure Draft proposing amendments to IAS 12 Income Taxes. Canadian stakeholders are encouraged to submit their comments to the IASB by November 14, 2019.

On July 18, 2019, Linda Mezon, AcSB Chair, moderated a panel discussion on IFRS 17. Watch the video recording and download the slides to learn more about the conversations around the proposed amendments to the standard.

The Group discussed topics such as timing of applying agenda decisions and determining lease payments under IFRS 16. Read about the views expressed by Group members for helpful tips and to stay up to date on past issues such as accounting for cryptocurrencies.  

The Board discussed topics such as IFRS^® Standards, Agriculture, Combinations, and ASPE implementation questions, among others.

On July 15, 2019, the AcSB Chair and other staff members met with Italy’s national standard setter, the Organismo Italiano di Contabilità. Both standard-setting bodies provided updates on their activities and discussed a number of technical topics and projects, including their shared view of the importance of a common global adoption date for IFRS 17 Insurance Contracts.