Skip to main content

IFRS® Accounting Standards

Scaling the Standards

Summary

As part of the AcSB’s 2022-2027 Strategic Plan, the AcSB committed to exploring scaling the standards for non-listed entities to better meet different reporting needs. 

Scaling the standards (or tiering) may mean providing accounting policy choices, changing disclosure requirements, or even adding new frameworks to the CPA Canada Handbook – Accounting (Handbook) to better meet the needs of entities of all sizes, and interested and affected parties.

What is Scalability?

Watch this video to learn more about what Scalability is, how our proposed scalability solutions may affect financial reporting by different types of entities, and why your feedback is vital to our consultation.

Read the transcript from this video.

Staff Contact(s)

Jamie Goodman, CPA, CA Principal, Accounting Standards Board

Matthew Bishop, CPA, CA Principal, Accounting Standards Board

Project Status

  • Information gathering

    The AcSB conducted research to help it develop proposals relating to scaling the standards

  • Approving project

    The AcSB issued a Consultation Paper in March 2023

  • Engaging Communities

    The AcSB conducted outreach on its “Consultation Paper I – Exploring Scalability in Canada” from March 2023 to July 31, 2023

    Stakeholders were encouraged to respond with their comments by July 31, 2023

  • Deliberating feedback

    The AcSB deliberated on the feedback it received on its “Consultation Paper I – Exploring Scalability in Canada”

  • Final pronouncement

    Based on the feedback received during its outreach on Consultation Paper I – Exploring Scalability in Canada, the AcSB decided to undertake a Detailed Review of Accounting Standards for Private Enterprises

On-demand Webinar – Scaling the Standards

Explore what scaling the standards means, the research the AcSB has been doing in this space, and potential scalability solutions identified by the AcSB so far.

Disclaimer

This project summary has been prepared for information purposes only. Decisions reported are tentative and reflect only the current status of discussions on this project, which may change after further Board deliberations. Decisions to publish Handbook material are final only after a formal voting process.