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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

  • Consulting stakeholders

    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 is deliberating the feedback received on its “Consultation Paper I – Exploring Scalability in Canada”

  • Final pronouncement

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.

News


April 19, 2023

Resource, Webinar

On-demand Webinar – Scaling the Standards

The size and complexity of Canada’s private enterprises, not-for-profit organizations, and pension plans are varied. Could changing the existing accounting standards through scaling better meet the needs of those who develop financial statements for these types of entities – and those who use them? Watch our recorded webinar for more on what scaling our standards means and a general update on our other domestic projects

April 6, 2023

News

Virtual Roundtable Discussions – Stakeholder views sought on the AcSB’s “Consultation Paper I – Exploring Scalability in Canada”

Attend an upcoming roundtable discussion to provide your feedback on the AcSB’s “Consultation Paper I – Exploring Scalability in Canada.” This is your chance to share your views directly with the AcSB! Register now for our sessions taking place May 26, 2023, and July 27, 2023 (English), and June 1, 2023 (French).

March 28, 2023

Document for Comment, News

AcSB Consultation Paper I – Exploring Scalability in Canada

The AcSB has released “Consultation Paper I – Exploring Scalability in Canada.” Read this paper to find out about our proposed scalability solutions and provide your feedback on the future direction of this project by July 31, 2023.

Meeting & event summaries


March 8, 2023

AcSB Decision Summary – March 8-9, 2023

The AcSB discussed a final draft of its “Consultation Paper I – Exploring Scalability in Canada.” Subject to minor amendments, the Board approved the Consultation Paper and plans to issue it at the end of March 2023.

February 7, 2023

AcSB Decision Summary – January 26, 2023

The AcSB reviewed a revised draft of its consultation paper on its strategic initiative related to scaling the standards, as set out in the 2022-2027 Strategic Plan. The AcSB will review and approve the final consultation paper at its March 2023 meeting. The Board expects to issue the consultation paper at the end of March 2023.

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.