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July 23, 2019

News

Public Sector Accounting Discussion Group Submit an Issue – New Format!

Thinking about submitting an issue to the PSA DG? Members of the public are encouraged to get involved by following the new, simplified process for submissions. Visit the PSA Discussion Group’s Submit an Issue page for full details.

July 22, 2019

News

Volunteer Opportunity – The Accounting Standards Oversight Council Needs You

The Accounting Standards Oversight Council (AcSOC) is looking for new members. If you are interested in working with and debating issues of public interest and financial reporting with other prominent members of the Canadian business, professional, and government community, then submit your résumé by August 30, 2019 to apply to become a member.

July 17, 2019

News

Extractive Activities — AcSB Staff's Research Update

The revised In Brief features additional context from the Research Update provided to the IASB. Read the In Brief for an overview of the results of the AcSB staff’s research findings, stakeholder views, and suggestions on additional areas for the IASB to consider as it starts research on extractive activities.

July 17, 2019

Document for Comment

AcSB Exposure Draft – Amendments to IFRS 17

The AcSB has issued its Exposure Draft that corresponds to the IASB’s Exposure Draft on this topic. Stakeholders are encouraged to submit their comments by September 25, 2019.

July 16, 2019

News

Virtual Roundtable Discussions – Stakeholders’ Views Sought on the Proposed Amendments to the New Insurance Standard

The AcSB is holding a virtual roundtable on September 5, 2019 to seek input on the IASB’s Exposure Draft, “Amendments to IFRS 17.” Complete the registration form to attend the virtual roundtable and share your views!

July 16, 2019

News

Press Release – Representatives of the Accounting Standards Board and the Organismo Italiano di Contabilità met in Rome

On July 15, 2019, the AcSB Chair and other staff members met with Italy’s national standard setter, the Organismo Italiano di Contabilità. Both standard-setting bodies provided updates on their activities and discussed a number of technical topics and projects, including their shared view of the importance of a common global adoption date for IFRS 17 Insurance Contracts.

July 16, 2019

News

PSAB Principal Selected as a Featured Speaker at the Canadian Public Sector Pensions Conference

PSAB principal, Lydia So is a featured speaker at this year’s Canadian Public Sector Pensions and Benefits Conference, where she will provide a PSAB update to conference delegates. Speakers include, senior executives of pension plans and others. The conference is being held in Whistler, BC, on September 18 and 19, 2019.

July 15, 2019

News

Volunteer Opportunity – Evolution of Audit Evidence

The Auditing and Assurance Standards Board (AASB) is looking for individuals familiar with new information sources used in the audit evidence gathering process to be members of our Audit Evidence Advisory Group. Read more about the opportunity we have available and apply by August 31, 2019.

July 12, 2019

News

AcSB Response – Interest Rate Benchmark Reform Exposure Draft

On June 17, 2019, the AcSB responded to the IASB’s Exposure Draft, Interest Rate Benchmark Reform (Proposed amendments to IFRS 9 and IAS 39). This Exposure Draft focuses on the issues affecting financial reporting in the period before the replacement of an existing interest rate benchmark with an alternative interest rate. Read our letter to understand the matters we raised to the IASB for further consideration.

July 11, 2019

News

Join us! AASB Discussion Group – Understanding the Challenges of Auditing Less Complex Entities

The AASB is investigating the challenges experienced by Canadian practitioners when auditing LCEs. Join the AASB Discussion Group where AASB Principal, Andrea Lee, will be sharing information, asking questions, and moderating discussion to help us understand what you, our stakeholders, need when performing audits of LCEs.