News Listings

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.

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.

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]

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.

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!

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.

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.

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

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.

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.