News Listings

IPSASB released an Exposure Draft providing guidance on how to account for financial instruments unique to the public sector. Canadian stakeholders can send comments to IPSASB until December 31, 2019. Read the Exposure Draft for full details.

The Board discussed several topics during its two-day meeting including Audits of Less Complex Entities, Quality Management, Agreed-upon Procedures, Identifying and Assessing the Risks of Material Misstatement and others. Read the full Decision Summary for further detail.

On August 19, 2019, the AcSB responded to the IASB’s Exposure Draft, Annual Improvements to IFRS® Standards 2018-2020. The Exposure Draft proposed amendments to IFRS Standards as part of the IASB’s Annual Improvements process. Read our letter to understand the matters we raised to the IASB for further consideration.

Hear Armand Capisciolto, Vice-Chair of the Accounting Standard Board, discuss implementation questions on the application of the amendments to Section 3856, Financial Instruments.

This non-authoritative guidance is intended to provide a roadmap for practitioners who are engaged to conduct SOC attestation engagements under Canadian standards; or both Canadian and U.S. standards and/or international standards. Read the document to learn more.

The Board discussed its draft response to the IAASB’s Discussion Paper for Audits of Less Complex Entities and key issues related to Compilation Engagements. Read the summary for full details.

AcSB Exposure Draft – Disclosure of Accounting Policies (Proposed amendments to IAS 1 and IFRS Practice Statement 2)

The AcSB has issued its Exposure Draft that corresponds to the IASB’s Exposure Draft on this topic. Stakeholders are encouraged to submit their comments by November 29, 2019.

At its upcoming meeting the Board will consider matters regarding IFRS^® Standards, standards for private enterprises, not-for-profit organizations, and due process, among others.

Learn about financial reporting issues affecting First Nations and how public sector accounting standards evolve to address their unique needs. Register now and tune in on October 10, 2019 (English) at 12:30 p.m.

IPSASB released an Exposure Draft proposing minor amendments to IPSAS in order to address issues raised by stakeholders. Canadian stakeholders can send comments to IPSASB until September 30, 2019. Read the exposure draft for full details.