News Listings

The Group discussed Application Issues with the Statement of Cash Flows, IFRS 18: Classification of Foreign Exchange Differences, IFRS 18: Classification of Income and Expenses from “Other Assets,” IFRS 19: Subsidiaries Without Public Accountability: Disclosures, IFRS 9: Amendments to the Derecognition of Financial Liabilities and more. Read the meeting report for full details!

The AcSB discussed Rate-regulated Activities, IFRS^® 16 Leases, Reporting Controlled and Related Entities for Not-for-Profits, Agriculture, its Annual Plan, Strategic Plan, Due Process, and more. Read the Decision Summary for full details.

The AcSB has released the Consultation Paper, “Detailed Review of Accounting Standards for Private Enterprises.” It identifies the most complex ASPE requirements, where the cost/benefit threshold is not met, and the issue is pervasive among private entities . We want your feedback to ensure we have a complete picture of the issues within the project’s scope, and that our proposals effectively address your concerns. Submit your comments by January 31, 2026, and help us set our future project priorities.

Read our In Brief on the Consultation Paper, “Detailed Review of Accounting Standards for Private Enterprises.” This Consultation Paper seeks to identify the most complex ASPE requirements, where the AcSB’s cost/benefit threshold is not met, and the issue is pervasive among private entities. We want your feedback to ensure we have a complete picture of the issues you’re facing, and that our proposed solutions are practical and effective. Stay informed and help us set future project priorities!

Tell us what you think! Help shape future AcSB Part IV work plans by taking our new survey on potential topics for inclusion by November 4, 2025. Your feedback will help inform our 2026–2027 annual plan and upcoming strategic plan. 

The Reporting and Assurance Standards Oversight Council and the Standard-setting Boards have released their 2024-2025 Annual Reports, highlighting oversight efforts, standards activity, and engagement that demonstrate transparency and accountability. Read the reports to learn more about their respective years in review.

The AcSB discussed Agriculture, Detailed Review of ASPE, Financial Statement Concepts, Part IV Work Plan Survey, IFRS® Accounting Standards Discussion Group topics, and more. Read the Decision Summary for full details.

The IFRS Accounting Standards Discussion Group wants to hear about the challenges you face when applying IFRS Accounting Standards. Submit your issue by July 14, 2025, for consideration as a discussion topic at our September 18, 2025, meeting.

The revised CAS 570, Going Concern, issued on June 1, 2025, brings changes to the auditor's expectations for management’s going concern assessment timeline. Read our joint communication with PSAB and the AcSB for details. 

The AcSB discussed Rate-regulated Activities, the Post-implementation Review of IFRS 16, Dynamic Risk Management, the IASB Fourth Agenda Consultation, Detailed Review of ASPE, Reporting Controlled and Related Entities, Relief from Recognition of Intangible Assets and Amortization of Goodwill, the FASB Agenda Consultation, Sustainability, the AcSB Strategic Plan, Due Process, and more. Read our Decision Summary for full details.