Top Stories

Learn more about PSAB’s Exposure Draft, “Intangible Assets, Proposed Section PS 3155,” which is now out for comment. This resource covers key proposals and proposed modifications to IPSAS 31, Intangible Assets. It outlines how we aim to leverage international guidance to develop a standard that will work for the unique needs of Canadian public sector organizations. Read our In Brief and stay up to date on this important project!

The Medium and Small Practitioners Advisory Committee held a meeting on January 29, 2025, and discussed Financial Statement Concepts, the Detailed Review of ASPE, and more. Read the meeting notes for full details!

PSAB discussed responses to IPSASB’s Exposure Draft 92, “Tangible Natural Resources,” and Sustainability Reporting Standard Exposure Draft 1, “Climate-related Disclosures.” Read the Decision Summary for full details.

On February 19-20, 2025, the Canadian Sustainability Standards Board met in Montreal to discuss market questions and outreach activities; external environment considerations; the International Sustainability Standards Board’s guidance; the forthcoming Climate-first Guide, and more. For full details, read the decision summary.

The AcSB discussed Provisions – Targeted Improvements, Relief from Recognition of Intangible Assets and Amortization of Goodwill, the Preface, and more. Read the Decision Summary for full details.

The AcSB is exploring the potential impacts of climate change on businesses and financial reporting under Accounting Standards for Private Enterprises (ASPE).

In this third installment, we dive into climate-related factors and its potential impacts on financial instruments, including fair value measurement, as well as consolidation and control.

This ongoing series equips organizations with the insights needed to navigate climate-related matters—and financial reporting under ASPE.

The AcSB discussed Agriculture, Pension Plans, its Annual and Strategic Plans, and more. Read the Decision Summary for full details.

The Auditing and Assurance Standards Board (AASB) discussed the IAASB’s topic on Listed Entity/Public Interest Entity Track-2, the Compilations of Future-oriented Financial Information, the AASB’s Annual and Strategic Plans, and the Performance Assessment Report. Read the decision summary for more.

On January 15, 22, and 23, 2025, the CSSB met virtually to discuss its 2025-2026 Annual Plan, 2024-2025 Performance Report, and forthcoming climate-first guide. The Board also explored whether it should introduce an external CSSB Committee, learned about CPA Canada’s approach to developing non-authoritative guidance and opportunities to help the Board’s plans to support the implementation of Canadian Sustainability Disclosure Standards, and agreed to respond to the Exposure Draft, “Proposed Amendments to the IFRS Foundation Due Process Handbook.”

Watch our on-demand webinar to discover CSDS 1 and 2, Canada’s first sustainability disclosure standards. Learn how we adapt global standards for Canada and get insights into the 2025-2028 Strategic Plan consultation.