News Listings

The AcSB discussed Retractable or Mandatorily Redeemable Shares, met with members of the International Accounting Standards Board and Canadian Securities Administrators, and more. Read our Decision Summary for full details.

The AcSB wants your feedback on proposed amendments to ASPE that would allow private enterprises to amortize goodwill and provide optional relief from recognizing acquired intangible assets. Submit your comments by January 31, 2026.

The AcSB proposes amendments to Sections 1582, Business Combinations, and Section 3064, Goodwill and Intangible Assets. These proposals would allow private enterprises to amortize goodwill and provide optional relief from recognizing intangible assets acquired in a business combination. Learn about these proposals and how to share your views by January 31, 2026.

Have you faced any challenges applying Section PS 2601 (Foreign Currency Translation), Section 3041 (Portfolio Investments), or Section PS 3450 (Financial Instruments)? If so, we want to hear from you. Share your experience and complete our survey by December 12, 2025.

The IFRS Accounting Standards Discussion Group wants to hear about the challenges you face when applying IFRS Accounting Standards. Submit your issue by October 17, 2025, for consideration as a discussion topic at our December 9, 2025, meeting.

Are you a Canadian private enterprise, a user of their financial statements, or a practitioner familiar with private enterprise financial reporting? Watch our recorded webinar to learn more about the application issues and proposed solutions discussed in the AcSB’s Consultation Paper, “Detailed Review of Accounting Standards for Private Enterprises.” We also outlined how you can share your views during our comment period. Watch it now and stay up to date with our project!

PSAB reviewed draft amendments to Proposed Section PS 3251, Employee Benefits, the feedback received to the Exposure Draft “Narrow-scope Amendments: SORP-1 Consistency Updates,” the initial survey for the GNFP Contributions and Financial Statement Presentation project, and the timeline for developing its next Strategic Plan. The Board also received updates from recent Indigenous Advisory Group and the Government Not-for-Profit Advisory Group meetings and approved the Post-implementation Review Assessment project proposal for Financial Instruments. Read the full Decision Summary for details!

The Group discussed Application Issues with the Statement of Cash Flows, IFRS 18: Classification of Foreign Exchange Differences, IFRS 18: Classification of Income and Expenses from “Other Assets,” IFRS 19: Subsidiaries Without Public Accountability: Disclosures, IFRS 9: Amendments to the Derecognition of Financial Liabilities and more. Read the meeting report for full details!

The AcSB discussed Rate-regulated Activities, IFRS^® 16 Leases, Reporting Controlled and Related Entities for Not-for-Profits, Agriculture, its Annual Plan, Strategic Plan, Due Process, and more. Read the Decision Summary for full details.

The GNFP Strategy and Implementation Plan Update webinar was held on September 11, 2025. The session covered key amendments to Section PS 3150, Tangible Capital Assets, and the upcoming standard-level combined project, Contributions and Financial Statement Presentation.

This webinar was hosted by Bill Cox, Government Not-For-Profit Advisory Committee Chair; and Amanda Senkowski, Principal, Public Sector Accounting, Standards.