News Listings

Canada’s reporting and assurance oversight councils are pleased to announce the establishment of the Reporting & Assurance Standards Oversight Council (the Oversight Council), an important step towards enhancing standard-setting efficiency and connectivity in Canada.   

AASOC is pleased to announce new members and re-appointed members to the Council and the AASB. We also wish to thank those retiring for their dedicated service. Read the appointments page for full details.

AASOC is pleased to announce new members and reappointed members. We also wish to thank those retiring for their dedicated service. Read the appointments page for full details.

AcSOC is pleased to announce the appointments and reappointments for the AcSB and PSAB. We also wish to thank those retiring for their dedicated service. Read the appointments page for full details.

AcSOC is pleased to announce the appointments and reappointments for the AcSB and PSAB. We also wish to thank those retiring for their dedicated service. Read the appointments page for full details.

This year, PSAB will continue to develop relevant, high-quality accounting standards for use in the public sector. This includes advancing key projects like Intangible Assets and Employee Benefits, as well as the Government Not-for-Profit-related Tangible Assets and Contributions projects. As we continue to drive our key strategies forward, holding regular Indigenous Advisory Group and Technical Advisory Group meetings are priorities for our Board. Read more about next steps in our Plan, including how we will share the Canadian public sector perspective to support global and forward-looking initiatives.

Representatives of the UKEB and AcSB held a bilateral meeting on March 26, 2024, in London. The Boards shared updates on their respective activities and discussed topics like rate-regulated activities, IFRS 18, IFRS 19 and carbon credits. The discussions were a helpful step towards developing a bilateral understanding of the challenges facing the two boards and finding areas of common interest. 

Focused on meeting the evolving needs of Canadians, the AcSB’s core strategies will continue to enhance the relevance of financial and non-financial reporting information. We will advance multiple projects in our workplan including implementing a framework to respond to requests for additional guidance, conducting a review of ASPE, and researching emerging areas. Read our Annual Plan to understand how we plan to deliver on these priorities.

Have you encountered any issues while applying PSAB’s Section PS 3430, Restructuring Transactions? If so, we want to hear from you! Answer our short question to tell us more.

PSAB discussed topics including Intangible Assets, post-implementation review assessment, “Employee Benefits, Proposed Section 3251,” International Public Sector Accounting Standards Board’s (IPSASB) “Strategy and Work Program 2024-2028: Consultation,” and more. Read the Decision Summary for full details.