News Listings

Long-time Canadian Accounting Standards Board (AcSB) Chair Linda Mezon-Hutter, FCPA, FCA, CPA (MI), CGMA will be joining the International Accounting Standards Board (IASB) as a member in September 2022. Read the media announcement.

As the second year of the pandemic continued, the AASB forged ahead with its standard setting initiatives. The Board’s dedication to standard-setting and serving the public interest was demonstrated through its robust performance and achievement of this year’s Annual Plan. Read about the AASB’s 2021-2022 activities and accomplishments in this year’s Annual Report.

The International Auditing and Assurance Standard Board (IAASB) issued non-authoritative guidance, The Fraud Lens – Interactions Between ISA 240 and Other ISAs. This guidance illustrates the relationship between International Standard on Auditing (ISA) 240, The Auditor's Responsibilities Relating to Fraud in an Audit of Financial Statements, and other ISAs when planning and performing an audit engagement and reporting thereon.

Read this non-authoritative guidance for full details

The Board discussed issues related to the IAASB’s proposed International Standard on Auditing (ISA) 500, Audit Evidence. It also reviewed the first draft of the Exposure Draft on Joint Policy Statement with Auditors and Actuaries and discussed other issues.

PSAB encourages stakeholders to respond to the International Public Sector Accounting Standards Board’s (IPSASB) recently released Consultation Paper, Natural Resources. 

Respond directly to IPSASB by October 17, 2022, to ensure Canadian-specific issues and perspectives are considered related to developing guidance on the recognition, measurement, presentation, and disclosure of natural resources in the public sector. 

Stay tuned for PSAB’s roundtable discussions on this topic, which will bring Canadians together to help inform the Board’s own response to IPSASB.

PSAB encourages stakeholders to respond to the International Public Sector Accounting Standards Board’s (IPSASB) recently released Consultation Paper, Advancing Public Sector Sustainability Reporting. 

Respond directly to IPSASB by September 9, 2022, to ensure Canadian-specific issues and perspectives related to public sector sustainability reporting are considered. 

The ISSB is consulting on its Climate-related Disclosures Exposure Draft. We encourage Canadians to share their views on this Exposure Draft directly with the ISSB – and stay tuned for Canadian-specific opportunities to discuss these proposals.

The ISSB is consulting on its General Requirements Exposure Draft. We encourage Canadians to share their views on this Exposure Draft directly with the ISSB – and stay tuned for Canadian-specific opportunities to discuss these proposals.

The Board discussed Revenue, Sustainability Reporting, Crypto-Asset Activities, AcSB’s Performance Report, and more. Read the Decision Summary for full details, including how stakeholders can provide feedback on these initiatives.

The Council met on December 16-17, 2021 to discuss the activities of the AASB and related matters. Read the full report for more information.