News Listings

The AcSB has issued narrow scope amendments to Section 3840, Related Party Transactions in Part II of the Handbook. The amendments address accounting for a combination involving a business under common control and are effective for fiscal years beginning on or after January 1, 2026.

At its December 2025 meeting, the AASB unanimously approved final narrow-scope amendments to Canadian Auditing Standard 620 and certain Other Canadian Standards. The Board also discussed several international standard-setting initiatives and, through its Emerging Issues Monitoring Process, identified and prioritized key environmental themes. Read the decision summary for full details.

The amendments, which include reduced disclosure requirements for new and amended IFRS Accounting Standards issued between February 2021 and May 2024, are now in Part I of the CPA Canada Handbook.

These are effective for annual reporting periods beginning on or after January 1, 2027, with earlier application permitted.

Catch the on-demand recording of this panel discussion, hosted by the CSSB and the UN Principles for Responsible Investment (UN PRI) as part of Canada Climate Week Xchange in November 2025. Hear insights from regulators, industry leaders, and sustainability experts on the future of sustainability disclosure in Canada.

PSAB invites interested and affected parties across Canada’s public sector to take the IPSASB Work Program Consultation Survey, open November 17, 2025, to February 17, 2026. Help shape global standards and ensure Canadian input is reflected.

The Group discussed Application of the Generally Accepted Accounting Principles Hierarchy to the amendments to IFRS 9 Financial Instruments, application issues for the Subsequent Measurement of Asset Retirement Obligations, and Considerations for Subsequent Events Disclosures. Read the meeting report for full details.

The AcSB discussed Revenue – Control Model, Guidance Framework: Equity Method and Going Concern, Contributions, Annual Plan, Strategic Plan, and more. Read the decision summary for full details.

The CSSB 2025–2028 Strategic Plan has been finalized after extensive consultation and assessment of Canada’s sustainability disclosure landscape. The Board’s three priorities are: establishing the CSSB as the reference source for Canadian Sustainability Disclosure Standards and supporting their implementation; including Indigenous Peoples in sustainability disclosure standard setting; and contributing to international standards. Read the plan and learn how feedback shaped it in the accompanying Feedback Statement.

The CSSB’s Updated 2025-2026 Annual Plan is based on its strategic priorities that focus on: advancing Canada’s role in global sustainability disclosure; including Indigenous Peoples in sustainability disclosure standard setting; and supporting the implementation of the Canadian Sustainability Disclosure Standards. Read more.

The AcSB has issued amendments to Section 3041, Agriculture, to remove certain disclosure requirements for agricultural inventories and provide targeted clarifications on the accounting for productive biological assets. The amendments are effective for fiscal years beginning on or after January 1, 2027, with earlier application permitted.