News Listings

The IFRS Accounting Standards Discussion Group wants to hear about the challenges you face when applying IFRS Accounting Standards. Submit your issue by July 14, 2025, for consideration as a discussion topic at our September 18, 2025, meeting.

The revised CAS 570, Going Concern, issued on June 1, 2025, brings changes to the auditor's expectations for management’s going concern assessment timeline. Read our joint communication with PSAB and the AcSB for details. 

Read our new resource guide, which offers direction on how to adopt a climate-first approach in sustainability reporting under Canadian Sustainability Disclosure Standard (CSDS) 1, General Requirements for Disclosure of Sustainability-related Financial Information, and CSDS 2, Climate-related Disclosures.

PSAB received updates on the Public Sector Accounting Discussion Group’s May 2025 meeting and the Employee Benefits project. The Board approved the 2024-2025 annual improvements to the Public Sector Accounting Standards. Read our decision summary for more details.

The AcSB discussed Rate-regulated Activities, the Post-implementation Review of IFRS 16, Dynamic Risk Management, the IASB Fourth Agenda Consultation, Detailed Review of ASPE, Reporting Controlled and Related Entities, Relief from Recognition of Intangible Assets and Amortization of Goodwill, the FASB Agenda Consultation, Sustainability, the AcSB Strategic Plan, Due Process, and more. Read our Decision Summary for full details.

The AASB approved the revised Canadian Auditing Standard (CAS) 240, The Auditor's Responsibilities Relating to Fraud in an Audit of Financial Statements and discussed key issues identified from exposure of its Canadian FOFI standard. The Board also discussed a range of international topics, including the Audit Evidence and Risk Response project, and its response to the IAASB’s Use of Experts Exposure Draft. Read our decision summary for full details.

How do new or amended IFRS® Accounting Standards make their way into the CPA Canada Handbook – Accounting? Find out via this overview of the due process activities we completed in support of changes made to Part I of the Handbook in 2024.

On May 28-29, 2025, the CSSB met in-person in Calgary, Alberta, to discuss updates on the proposed 2025-2028 Strategic Plan consultation, Governance Committee activities, and a response to the ISSB’s proposed amendments to IFRS S2, Climate-related Disclosures. For full details, read the decision summary.

Share your views on our new Exposure Draft, “Proposed Narrow-scope Amendments Related to the IAASB’s Using the Work of an External Expert Project.” Read more about the proposals and respond by July 24, 2025.

Are you a Canadian private enterprise, not-for-profit organization, pension plan, an advisor to one, or a user of their financial statements? Watch this on-demand webinar to learn about current accounting standards projects and recent amendments in Parts II, III, and IV of the CPA Canada Handbook – Accounting.