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September 16, 2019

Document for Comment

AcSB Exposure Draft – Employee Future Benefits – Use of a Funding Valuation

The AcSB seeks feedback on its proposals to modify the guidance on using an actuarial valuation for funding purposes in the measurement of the defined benefit obligation. These proposals apply to private enterprises and not-for-profit organizations applying the standards in Parts II and III of the CPA Canada Handbook – Accounting. Stakeholders are encouraged to submit their comments by December 16, 2019.

September 12, 2019

News

New IPSASB Exposure Draft – Public Sector Financial Instruments, Amendments to IPSAS 41, Financial Instruments

IPSASB released an Exposure Draft providing guidance on how to account for financial instruments unique to the public sector. Canadian stakeholders can send comments to IPSASB until December 31, 2019. Read the Exposure Draft for full details.

September 9, 2019

Resource

PSAB Video Transcript – Reviewing PSAB’s Approach to International Public Sector Accounting Standards

PSAB’s second consultation paper on its international strategy is out for comment until September 30, 2019. The video provides background and clarifies the four options originally presented in the first paper. Watch the video or read the transcript and have your say on Canada’s public sector accounting international strategy.

September 9, 2019

Resource

PSAB Video – Reviewing PSAB’s Approach to International Public Sector Accounting Standards

PSAB’s second consultation paper on its international strategy is out for comment until September 30, 2019. The video provides background and clarifies the four options originally presented in the first paper. Watch the video and have your say on Canada’s public sector accounting international strategy.

September 9, 2019

News

AcSB Response – Annual Improvements to IFRS® Standards 2018-2020 Exposure Draft

On August 19, 2019, the AcSB responded to the IASB’s Exposure Draft, Annual Improvements to IFRS® Standards 2018-2020. The Exposure Draft proposed amendments to IFRS Standards as part of the IASB’s Annual Improvements process. Read our letter to understand the matters we raised to the IASB for further consideration.

September 5, 2019

News

Submit an Issue – PSA Discussion Group LIVESTREAMED!

The next meeting of the Group will be held in Toronto and accessible via livestream on November 15, 2019. Individuals are encouraged to submit issues relating to the application of the PSA Handbook by September 25, 2019.

September 3, 2019

Resource

A Podcast Series – Retractable or Mandatorily Redeemable Shares Issued in a Tax Planning Arrangement

Hear Armand Capisciolto, Vice-Chair of the Accounting Standard Board, discuss implementation questions on the application of the amendments to Section 3856, Financial Instruments.

August 30, 2019

Basis for Conclusions

Basis for Conclusion – 2018-2019 Annual Improvements to Public Sector Accounting Standards

This document sets out how the Board reached its conclusions on the 2018-2019 Annual Improvements. It also includes a discussion of significant matters arising from comments received and issues raised in response to its Exposure Draft. Read the Basis for Conclusion for full details.

August 30, 2019

Basis for Conclusions

Basis for Conclusion – 2018-2019 Annual Improvements to Public Sector Accounting Standards

This document sets out how the Board reached its conclusions on the 2018-2019 Annual Improvements. It also includes a discussion of significant matters arising from comments received and issues raised in response to its Exposure Draft. Read the Basis for Conclusion for full details.

August 30, 2019

Basis for Conclusions

Basis for Conclusions – Reporting on Controls at a Service Organization Relevant to User Entities’ Internal Control Over Financial Reporting

This document is a summary of the process followed in issuing CSAE 3416 and the Board’s conclusions regarding significant comments received in response to its Exposure Draft. Read the Basis for Conclusions for full details.