News Listings

The AASB discussed IAASB’s topics on Fraud, Going Concern, Integrated Project, Listed Entity/Public Interest Entity Track-2, Integrated Project, and Technology Gap Analysis. The Board also discussed Canadian projects on Sustainability Assurance and Emerging Issues. Read the decision summary for more.

The Group discussed the International Public Sector Accounting Standards Board’s 2024-2028 Strategy and Work Program, its Exposure Draft 92, “Tangible Natural Resources,” and its Sustainability Reporting Standards Exposure Draft 1, “Climate-related Disclosures.”

The Canadian Sustainability Standards Board (CSSB) is proud to release Indigenous Matters: What We Heard. This document acknowledges Indigenous participation and feedback related to Indigenous matters during the public consultation on Canada’s first sustainability disclosure standards in 2024. It also reinforces the CSSB’s commitment to building new pathways to support integrating Indigenous perspectives into the standard-setting process.

The AcSB discussed Subsequent Measurement of Goodwill and Acquired Intangibles, Contributions, Financial Statement Concepts, Improvements to Presentation and Disclosure of Investments for Pension Plans, and more. Read the Decision Summary for full details.

Read our In Brief for more on the key aspects of PSAB’s new Reporting Model in Section PS 1202, Financial Statement Presentation. Learn about changes from Section PS 1201, Financial Statement Presentation, and find out how these amendments will impact users. The new Reporting Model takes effect for fiscal years beginning on or after April 1, 2026. Check out our In Brief and related resources to ensure you’re ready for the transition!

Learn about key proposals in PSAB’s recently issued Re-exposure Draft “Employee Benefits, Proposed Section PS 3251” and stay informed about how upcoming changes could impact you. Watch our on-demand webinar and find out how we’re responding to your feedback on discount rate amendments.

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, including topics such as the Detailed Review of ASPE, Goodwill and Intangibles, Financial Statement Concepts, and Climate-Related Risks and Opportunities.

The AcSB issued its Exposure Draft that corresponds to the IASB’s Exposure Draft on this topic. If you would like your feedback considered prior to the AcSB finalizing its comment letter, please respond by January 8, 2025.

The Reporting and Assurance Standards Oversight Council met on October 29, 2024, to discuss activities of the various boards and other related matters. Read the full report for more information.

The CSSB has released its Feedback Statement summarizing the responses received from its extensive public consultation on Canada’s first-ever sustainability disclosure standards. CSDS 1 and CSDS 2 are now set for release in December 2024.