News Listings

The Group discussed Application Issues with the Statement of Cash Flows, IFRS 18: Classification of Foreign Exchange Differences, IFRS 18: Classification of Income and Expenses from “Other Assets,” IFRS 19: Subsidiaries Without Public Accountability: Disclosures, IFRS 9: Amendments to the Derecognition of Financial Liabilities and more. Read the meeting report for full details!

The AcSB discussed Rate-regulated Activities, IFRS^® 16 Leases, Reporting Controlled and Related Entities for Not-for-Profits, Agriculture, its Annual Plan, Strategic Plan, Due Process, and more. Read the Decision Summary for full details.

The GNFP Strategy and Implementation Plan Update webinar was held on September 11, 2025. The session covered key amendments to Section PS 3150, Tangible Capital Assets, and the upcoming standard-level combined project, Contributions and Financial Statement Presentation.

This webinar was hosted by Bill Cox, Government Not-For-Profit Advisory Committee Chair; and Amanda Senkowski, Principal, Public Sector Accounting, Standards.

The AcSB has released the Consultation Paper, “Detailed Review of Accounting Standards for Private Enterprises.” It identifies the most complex ASPE requirements, where the cost/benefit threshold is not met, and the issue is pervasive among private entities . We want your feedback to ensure we have a complete picture of the issues within the project’s scope, and that our proposals effectively address your concerns. Submit your comments by January 31, 2026, and help us set our future project priorities.

The AASB met to advance key projects, including Canadian standards such as Compilations of FOFI and Pro Forma, Sustainability Assurance, as well as international projects like Audit Evidence and Risk Response. Read the decision summary for full details.

Read our In Brief on the Consultation Paper, “Detailed Review of Accounting Standards for Private Enterprises.” This Consultation Paper seeks to identify the most complex ASPE requirements, where the AcSB’s cost/benefit threshold is not met, and the issue is pervasive among private entities. We want your feedback to ensure we have a complete picture of the issues you’re facing, and that our proposed solutions are practical and effective. Stay informed and help us set future project priorities!

Tell us what you think! Help shape future AcSB Part IV work plans by taking our new survey on potential topics for inclusion by November 4, 2025. Your feedback will help inform our 2026–2027 annual plan and upcoming strategic plan. 

The Reporting and Assurance Standards Oversight Council and the Standard-setting Boards have released their 2024-2025 Annual Reports, highlighting oversight efforts, standards activity, and engagement that demonstrate transparency and accountability. Read the reports to learn more about their respective years in review.

The AcSB discussed Agriculture, Detailed Review of ASPE, Financial Statement Concepts, Part IV Work Plan Survey, IFRS® Accounting Standards Discussion Group topics, and more. Read the Decision Summary for full details.

PSAB is seeking a new Chair to lead the strategic direction of public sector accounting standards. The Chair plays a pivotal role in guiding the Board’s work, ensuring the integrity and independence of the standard-setting process. Interested candidates should apply by August 22, 2025.