News Listings

The AcSB conducted a post-implementation review of the ROMRS amendments to the Accounting Standards for Private Enterprises. The Board confirmed the amendments are working as intended, with no major issues, and will not pursue further consultation. The Board emphasizes that it will continue to monitor emerging ROMRS application issues through its Guidance Framework. Read our full project summary for details.

In October 2025, the Auditing and Assurance Standards Board and the International Auditing and Assurance Standards Board held a Technology Quality Management roundtable in Toronto to discuss emerging technologies in audit and assurance engagements. Read the insights from the roundtable.

The AcSB discussed December 2025 meeting recommendations from the IFRS® Accounting Standards Discussion Group; National Instrument 52-112, Non-GAAP and Other Financial Measures Disclosure; Contributions; its annual plan; its strategic plan; and more. Read the decision summary for full details.

At the AASB’s January 19, 2026, meeting, the Board completed a final read and resolution of issues prior to the anticipated approval of proposed CSRS 4250, Compilations of Future-oriented Financial Information and Pro Forma. They also discussed planned activities associated with the Board’s continuing work on the amendments related to Indigenous matters in CSSA 5000, General Requirements for Sustainability Assurance Engagements. Read the decision summary for full details.

The Chairs of Canada’s Accounting Standards Board (AcSB) and Canadian Sustainability Standards Board (CSSB) met with their Japanese counterparts, the Accounting Standards Board (ASBJ) and Sustainability Standards Board (SSBJ), in Toronto on January 12, 2026. They shared updates on their boards’ activities, discussed how national standard setters can support the IASB and ISSB respectively, and explored opportunities for continued collaboration with the IFRS Foundation to advance high-quality, globally aligned accounting and sustainability disclosure standards. Read more about the meeting and key takeaways.

Join us for a virtual roundtable discussion on the AcSB’s Exposure Draft, “Amendments to Section 3856, Financial Instruments – Derecognition of Financial Liabilities.” Our English roundtable is January 12, 2027, and our French roundtable is January 13, 2027.

Don’t miss your chance to share your feedback with us to help inform the Board’s decisions. Register now to save your spot!  

The Reporting & Assurance Standards Oversight Council is pleased to announce the appointment of Andrew Newman as the next Chair of the Public Sector Accounting Board, effective April 1, 2026.

The AcSB discussed its ROMRS Project Summary, Performance Report, Financial Statement Concepts project, Guidance Framework: Part IV/IFRS 18, Part IV Agenda Consultation, Annual Plan, and more. Read our Decision Summary for full details.

The Group discussed Year-end Financial Reporting Reminders, IFRS 18: Classification of income and expenses that arise from liabilities, and more. Read the meeting report for full details!

PSAB approved Section PS 3251, Employee Benefits, and the narrow scope amendments to Statement of Recommended Practice -1. The Board also discussed initial recommendations for the Government Not-for-Profit (GNFP) Contributions and Financial Statement Presentation project, Cloud Computing Arrangements, and a preliminary draft of its 2027-2032 strategic plan. In addition, the Board received updates from the Indigenous Advisory Group and the Public Sector Accounting Discussion Group. Read the full Decision Summary for details!