September 22, 2026
AcSB Decision Summary – September 22-23, 2026
The AcSB received an update on international activities, including the International Accounting Standards Board’s (IASB) planned implementation activities relating to IFRS 20 Regulatory Assets and Regulatory Liabilities, which the IASB issued in May 2026. The AcSB balloted IFRS 20 and plans to incorporate it into Part I of the CPA Canada Handbook – Accounting in December 2026.
The following non-authoritative guidance will be made available in the Handbook in Q1 2027:
- The IASB’s Basis for Conclusions and Illustrative Examples that accompany IFRS 20, to support implementation of the Standard in Canada.
- The IASB’s Basis for Conclusions and Implementation Guidance that accompany IFRS 1 First-time Adoption of International Financial Reporting Standards, to support entities that may transition from another accounting framework to IFRS Accounting Standards because of the issuance of IFRS 20.
June 11, 2025
AcSB Decision Summary – June 11-12, 2025
The AcSB received an update on the International Accounting Standard Board’s (IASB) Rate-regulated Activities project. At a future meeting, the AcSB will receive an education session on the prospective IFRS Accounting Standard Regulatory Assets and Regulatory Liabilities, which the IASB expects to issue in the second half of 2025.
July 8, 2021
AcSB Decision Summary – June 16-17, 2021
The AcSB discussed an initial draft of its response letter to the IASB’s Exposure Draft, “Regulatory Assets and Regulatory Liabilities.” The Board provided staff with comments to incorporate in the next draft of its response letter, which will be discussed at its July 2021 meeting.
The AcSB encourages stakeholders to share their views on the Exposure Draft by submitting their response letter to the IASB by July 30, 2021, with a copy to the AcSB. If respondents would like the Board to consider their comments when drafting its letter to the IASB, they should submit their response letters to the AcSB by July 15, 2021.
May 19, 2021
AcSB Decision Summary – May 19, 2021
The AcSB had its first discussion on the key points to include in its response letter to the International Accounting Standards Board’s (IASB) Exposure Draft, “Regulatory Assets and Regulatory Liabilities.” The Board considered stakeholder feedback obtained to date through its outreach activities on this topic. The Board will discuss an initial draft of its response letter at its June 16-17, 2021, meeting. The AcSB encourages stakeholders to share their views on the Exposure Draft by attending an upcoming virtual roundtable on June 22 (English) and June 23 (French). Stakeholders can also share their views on the Exposure Draft by submitting comment letters to the IASB by July 30, 2021, with a copy to the AcSB. If respondents would like the Board to consider their comments when drafting its letter to the IASB, they should submit their response letters to the AcSB by July 15, 2021.
February 19, 2021
AcSB Decision Summary - February 4, 2021
The AcSB received an education session on the International Accounting Standards Board’s (IASB) Exposure Draft, “Regulatory Assets and Regulatory Liabilities.” The Board discussed and approved a plan to respond to the Exposure Draft, which includes undertaking activities such as:
- hosting a panel discussion to raise awareness of the IASB’s proposed accounting model and how it compares to the U.S. GAAP accounting model and the current accounting under IFRS 14 Regulatory Deferral Accounts;
- undertaking targeted stakeholder group outreach; and
- consulting with the Board’s advisory committees.
The AcSB will also hold roundtables for stakeholders across Canada to provide input on the Exposure Draft. Stakeholders can monitor the Board’s project page for opportunities to share feedback on the Exposure Draft. The deadline to submit a response letter to the IASB is June 30, 2021.