Skip to main content


News Listings


March 22, 2023

Resource, Guidance

Section 3041, Agriculture – How to apply the disclosure requirements for the net realizable value

Are you applying the new agriculture standard for private enterprises? Do you plan to measure your agricultural inventories using net realizable value? Read this easy-to-understand resource to support your financial statement preparation process.

March 14, 2023


IFRS® Accounting Standards Discussion Group – Request for Issues

The IFRS Accounting Standards Discussion Group wants to hear about the challenges you face when applying IFRS Accounting Standards. Submit your issue by March 29, 2023, for consideration as a discussion topic at our May 25, 2023, virtual meeting.

March 6, 2023

International Activity

IAASB Issues Exposure Draft of Proposed Part 10, Audits of Group Financial Statements of the ISA of Less Complex Entities

The International Auditing and Assurance Standards Board (IAASB) issued its Exposure Draft of Proposed Part 10, Audits of Group Financial Statements, of the Proposed International Standard on Auditing for Audits of Financial Statements of Less Complex Entities (ISA for LCE). The Exposure Draft aims to include certain group audits within the scope of the proposed ISA for LCE. Submit your comments on the IAASB’s Exposure Draft by May 2, 2023, and provide a copy of your response to the AASB at [email protected]

March 1, 2023


Media Release – Independent review concludes, setting the stage for the future of Canadian accounting, auditing, and sustainability standard setting

The Independent Review Committee on Standard Setting in Canada issued its final recommendations report. The recommendations aim to ensure Canadian accounting and auditing – and now sustainability reporting and assurance – standard setting continues to be independent and internationally recognized. A summary feedback statement will soon be issued, outlining the feedback the committee received during its consultation process.

February 22, 2023

Meeting Summary

Private Enterprise Advisory Committee Notes – February 2, 2023

The Committee held a meeting on February 2, 2023, and discussed Accounting for Insurance Contracts with Cash Surrender Value and Agriculture. Read the meeting notes for full details!

February 22, 2023

Webpage, Meeting Summary

PSAB Decision Summary – February 22, 2023

The Board discussed the creation of the Indigenous Advisory Group (IAG), the Technical Advisory Group (TAG), and the Financial Statement Presentation Standard (“Reporting Model”). Read the Decision Summary for full details.

February 16, 2023

News, Article, Resource

The International Accounting Standards Board (IASB) Leadership Meet with Accounting Standards Board (AcSB) in Toronto

The Accounting Standards Board (AcSB) welcomed International Accounting Standards Board (IASB) Chair, Andreas Barckow, and Vice-Chair, Linda Mezon-Hutter, to its February 15, 2023 board meeting in Toronto.

February 15, 2023

Meeting Summary

AASOC Meeting Minutes – September 26, 2022

The Council met on September 26, 2022, to discuss the activities of the AASB and related matters. Read the full report for more information.

February 15, 2023

Meeting Summary, Webpage

AcSB Decision Summary – February 15, 2023

The AcSB discussed Contributions, Scaling the Standards, and more. Read the Decision Summary for full details, including how stakeholders can provide feedback on these initiatives.

February 15, 2023

Meeting Summary

Not-for-Profit Advisory Committee Notes – January 31, 2023

The Committee discussed Contributions, Reporting Controlled and Related Entities, Insurance Contracts with a Cash Surrender Value, and more. Read the meeting notes for full details.