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Volunteer Opportunity – IFRS® Accounting Standards Discussion Group

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Want to help shape the future of global accounting standards? Join the AcSB’s IFRS® Accounting Standards Discussion Group to connect with financial reporting experts, stay ahead of emerging issues, share your expertise, and help inform standard setting in Canada and beyond. Apply by October 30, 2026.

Apply now

 
AcSB Virtual Roundtable – Consultation Paper, “Improvements to Section 4450, Reporting Controlled and Related Entities by Not-for-Profit Organizations”

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How should not-for-profit organizations report their relationships with controlled and related entities? Join the AcSB for a virtual roundtable discussion on its Consultation Paper, Improvements to Section 4450, Reporting Controlled and Related Entities by Not-for-Profit Organizations. Gain insight into the proposed changes, discuss potential impacts on not-for-profit organizations, and share your perspective directly with the Board. Participate in the French session on October 28, 2026, or the English session on October 29, 2026.

Respond now

 
 
AASB Exposure Draft, “Proposed Revisions to the Canadian Auditing Standards for Audit Evidence and Risk Response”

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Don't miss the opportunity to shape Canadian auditing standards. The AASB is seeking feedback on proposed revisions to CAS 330, The Auditor’s Responses to Assessed Risks, CAS 500, Audit Evidence, and CAS 520, Analytical Procedures. This is your opportunity to share your perspective and ensure it is reflected in the final standards. Submit your comments by November 2, 2026.

Respond now

News Listings

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October 3, 2023

News, Resource

PSAB's new Reporting Model Issued

PSAB’s new Reporting Model is now available in the PSA Handbook. A significant milestone for financial reporting in the Canadian public sector, this new Reporting Model will help increase the accountability value and understandability of public sector entities’ financial statements for users.

September 28, 2023

Meeting Summary

AASOC Meeting Minutes – September 28, 2023

Auditing and Assurance Standards Oversight Council met on September 28, 2023, to discuss the Auditing and Assurance Standards Board’s activities and related matters. Read the full report for more information.

September 28-29, 2023

Meeting Summary

PSAB Decision Summary – September 28-29, 2023

The Board discussed updates related to the Director’s Report, the Due Process Review, Employee Benefits, Intangible Assets, Government Not-for-Profit, and more. Read the Decision Summary for full details.

September 25-28, 2023

Resource, Webinar

On-demand Webinar – AASB Exposure Draft, “CSSA 5000, General Requirements for Sustainability Assurance Engagements"

Interested in learning more about Exposure Draft, “CSSA 5000, General Requirements for Sustainability Assurance Engagements”? Watch our recorded webinar for more information.

September 21, 2023

Document for Comment, News

AASB Exposure Draft, “CSSA 5000, General Requirements for Sustainability Assurance Engagements”

The AASB is seeking Canadian input on its new Exposure Draft, “Proposed CSSA 5000, General Requirements for Sustainability Assurance Engagements.” Submit your general questions and comments on the Exposure Draft by November 6, 2023, and your feedback on the Canadian amendment and potential additional Canadian amendments by December 31, 2023. Read the Exposure Draft to learn more.

September 20-21, 2023

Meeting Summary, Webpage

AcSB Decision Summary – September 20-21, 2023

The AcSB discussed the Post-implementation Reviews of IFRS 9 and 15, Scaling the Standards, Contributions, Insurance Contracts with Cash Surrender Value, Reporting Controlled and Related Entities, Pension Plans, and more. Read the Decision Summary for full details, including how interested and affected parties can provide feedback on our initiatives.

September 19, 2023

Meeting Summary

IFRS® Accounting Standards Discussion Group Meeting Report – September 19, 2023

The Group discussed Accounting for the Development of Carbon Credits by a Renewable Energy Generator, Unit of Account for Lease Modification Accounting, Accounting for Equity Instruments in a Shares-for-Debt Transaction, Classification of Liabilities with Covenants when an Entity is Granted a Waiver or Grace Period, and more. Read the meeting report for full details!

September 18, 2023

Document for Comment, International Activity, News

IASB Exposure Draft – Annual Improvements to IFRS® Accounting Standards – Volume 11

The IASB has published an Exposure Draft proposing amendments to IFRS Accounting Standards as part of its annual improvements process. Respond with your feedback by December 11, 2023.

September 15, 2023

News

AASB responds to the IAASB’s Exposure Draft of ISA 570, Going Concern

On August 22, 2023, the Board submitted a response letter to the IAASB’s Exposure Draft, Proposed International Standard on Auditing 570 (Revised) Going Concern. Read our response letter to learn about the matters we raised to the IAASB for further consideration.

September 14, 2023

News

Media Release – Canadian Sustainability Standards Board continues its momentum welcoming 3 new members; meets with International Sustainability Standards Board

The Canadian Sustainability Standards Board (CSSB) grows in strength – with the appointment of three new members – and meets with the International Sustainability Standards Board (ISSB) in Montreal on September 14-15, 2023. In addition to fostering its relationship with the international board, the CSSB will discuss its strategy to support the uptake of IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and S2 Climate-related Disclosures in Canada.