IFRS® Standards

Plain Language Resources

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November 23, 2018

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In Brief – IFRS 16 Leases

The effective date for the new Leases standard is just around the corner. Learn about the impact this new standard may have on lessees and lessors.

July 12, 2018

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Change to Part I for IFRS 17 Insurance Contracts – AcSB Due Process – Endorsement Activities

Get an overview of endorsement activities we carried out before incorporating IFRS 17 into Part I of the Handbook. Given the complexity of IFRS 17 and the change it represents for Canadians, we performed extensive additional outreach activities. The Appendix to the summary lists these activities, all of which were influential in the development of the final standard.

April 20, 2018

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New! AcSB Standard-setting Due Process Manual

Our revised due process manual provides you a clear explanation of our IFRS® Standards endorsement and domestic standard-setting activities. We use plain language, simplified content, and visuals, to ensure the rigorous set of procedures we undertake to set standards is easy for you to understand.

March 29, 2018

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2017 Changes to Part I – AcSB Due Process – Endorsement Activities

How do new or amended IFRS® Standards make their way into the CPA Canada Handbook – Accounting? Find out via this summary – an overview of the due process activities we carried out in support of changes made to Part I of the Handbook last year.

August 15, 2017

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IFRS Discussion Group – Did you know?

The Group’s database has over 15 topics on IFRS 9, IFRS 15 and IFRS 16. Read and listen to recently added topics like modifications or exchanges of financial liabilities, seller’s right to variable consideration in an asset sale, and easements.

February 21, 2017

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FYI Article – Get Ready. The Insurance Contracts Standard Is Coming!

The AcSB takes an active role in influencing the development of IFRSs and in endorsing a standard before incorporating it into Canadian GAAP. Read this article to learn about extensive due process steps undertaken to date by the AcSB on the complex Insurance Contract standard.

February 6, 2017

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FYI Article – Changes to Published Exchange Rates

This article provides the IFRS Discussion Group’s perspectives on how the changes to the Bank of Canada’s published exchange

October 15, 2016

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Webcasts – IASB Research Forum 2016

The third annual IASB Research Forum was held in conjunction with the 2016 Contemporary Accounting Research Conference this October 2016. The AcSB proudly sponsored the Forum’s webcast recordings of the research presentations and discussions.

December 21, 2015

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FYI Article – IFRS 15: The New Revenue Standard – An Extra Year to Get Ready!

Read why you should get started implementing the new revenue standard given the extent of time needed for this significant undertaking.

November 24, 2015

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FYI Article – Amendments to IFRS 10 and IAS 28: Effective Date Is Being Postponed!

Amendments are expected to be issued by the IASB by the end of the year that defer indefinitely the effective date of the amendments to IFRS 10 and IAS 28. This means that entities can wait to apply the amendments to IFRS 10 and IAS 28.