July 23, 2019
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
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
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.
Document for Comment
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
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!
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.
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
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
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
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.