FRASCanada

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January 21, 2020

News

Withdrawal of Part V from the CPA Canada Handbook – Accounting

As of March 1, 2020, Part V, also known as pre-changeover accounting standards, will be removed from the Handbook. Read more for additional information, and to find out what this means for stakeholders and preparers.

January 20, 2020

Meeting Summary

Upcoming PSA Discussion Group Meeting – April 24, 2020

The next PSA Discussion Group meeting is coming up! Register to hold your place as an in-person or livestream observer. Agenda coming soon.

January 17, 2020

Document for Comment

AASB Exposure Draft – Conforming Amendments to Canadian Standards Resulting from IAASB Conforming Amendments to IAASB International Standards as a Result of the Revised IESBA Code

The AASB issued an Exposure Draft proposing to adopt, with appropriate amendments, proposed revisions to International standards issued by the International Auditing and Assurance Standards Board (IAASB). Stakeholders are invited to comment until March 27, 2020. For full details, visit the Documents for Comment page.

January 15, 2020

Document for Comment

AcSB Exposure Draft – General Presentation and Disclosures

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 June 30, 2020.

January 15, 2020

News

News Release – Representatives of the Accounting Standards Board of Canada and the Accounting Standards Board of Japan Hold Meeting in Toronto

Representatives of the AcSB and the Accounting Standards Board of Japan (ASBJ) met on January 13, 2020 in Toronto. This meeting was the first bilateral meeting between the AcSB and the ASBJ. Both Boards introduced their respective financial reporting frameworks and activities, and exchanged views on the opportunities for cooperation. 

January 15, 2020

Document for Comment

AcSB Exposure Draft – Combinations – Initial Measurement and Related Disclosures

The AcSB seeks feedback on its proposals to introduce new guidance on the accounting for a combination of not-for-profit organizations. These proposals apply to not-for-profit organizations applying the standards in Parts III of the CPA Canada Handbook – Accounting. Stakeholders are encouraged to submit their comments by April 14, 2020.

January 15, 2020

News

Volunteer Opportunity – The Auditing and Assurance Standards Board needs you!

Are you interested in working with and debating issues of public interest and assurance with other prominent members of the Canadian business community? If so, we need you! AASOC is seeking a new member to appoint to the AASB. Make sure to apply by February 28, 2020.

January 15, 2020

Meeting Summary

AcSOC Meeting Agenda – February 20-21, 2020

Attend the upcoming AcSOC meeting in person or virtually via livestream! You can see and hear the meeting discussion in real-time, no matter where you are in the world. A detailed agenda will be posted soon. Register today!

January 13, 2020

News

Survey! Post-implementation Review – Reports on Supplementary Matters Arising from an Audit or a Review Engagement – LAST CHANCE – EXTENDED DEADLINE!

Now that stakeholders have had an opportunity to apply CSRS 4460, we want to learn about your implementation experiences. If you’re a practitioner who reports to third parties on supplementary matters, a CSRS 4460 report user or an entity that engages a practitioner to report on supplementary matters, we want to hear from you! Take our survey to support the post-implementation review of this standard by January 24, 2020.

January 9, 2020

Document for Comment

Exposure Draft – 2019-2020 Annual Improvements to Public Sector Accounting Standards

We need your feedback! PSAB issued its 2019-2020 Annual Improvements Exposure Draft as part of an ongoing process to enhance and improve the PSA Handbook for its stakeholders. Submit your response by March 10, 2020.