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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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June 1, 2023

Meeting Summary, Webpage

AcSOC Meeting Minutes – June 1, 2023

The Council met on June 1-2, 2023, to discuss the activities of the AcSB, PSAB, and related matters. Read the full report for more information.

June 1, 2023

Resource, Article

2022 Changes to Part I – AcSB Due Process – Endorsement Activities

How do new or amended IFRS® Accounting Standards make their way into the CPA Canada Handbook – Accounting? Find out via this overview of the due process activities we completed in support of changes made to Part I of the Handbook in 2022.


May 30, 2023

Document for Comment, News

AASB Exposure Draft – Proposed Amendments to CAS 570, Going Concern

Share your views on the AASB’s Exposure Draft, “Proposed Amendments to CAS 570, Going Concern”. Read the full proposed standard and the related conforming and consequential amendments, and respond to the Exposure Draft by July 31, 2023.

May 30, 2023

News

AASB Responds to the IAASB’s Exposure Draft of ISA 500, Audit Evidence

The Board recently submitted a response letter to the IAASB on the Exposure Draft, ISA 500, Audit Evidence. Read the response letter to learn more.

May 30, 2023

News

AASB Responds to the IAASB’s Proposed Strategy and Work Plan 2024-2027

The Board recently submitted feedback on the IAASB’s Proposed Strategy and Work Plan for 2024-2027. Read the response letter to learn more.

May 25, 2023

Meeting Summary

IFRS® Accounting Standards Discussion Group Meeting Report – May 25, 2023

The Group discussed Accounting for Lending Crypto Assets, Accounting for Earn-in Expenditures Prior to Acquisition of a Mining Interest, Accounting for the Development of Carbon Credits that will Ultimately be Sold, and more. Read the meeting report for full details!


May 24, 2023

International Activity

IASB amends tax accounting requirements to help companies respond to international tax reform

The IASB has issued amendments to IAS 12 Income Taxes. The amendments give companies temporary relief from accounting for deferred taxes arising from the Organisation for Economic Co-Operation and Development’s (OECD) international tax reform.



May 24, 2023

Meeting Summary

AcSB Decision Summary – May 24, 2023

The AcSB discussed Sustainability, Domestic Implications of International Tax Reform, Related Party Combinations, Pension Plans, and more. Read the Decision Summary for full details, including how stakeholders can provide feedback on these initiatives.

May 17, 2023

News

AASOC Annual Report 2022-2023 – Navigating Change

This past year, AASOC remained flexible to new challenges in the stand-setting space. Read our 2022-2023 Annual Report to learn more about the work we did, including our oversight of the AASB.

May 17, 2023

News

AASB Response – Part 10, Audits of Group Financial Statements of the Proposed ISA for Audits of Financial Statements of Less Complex Entities

The Board submitted a comment letter responding to the IAASB’s Exposure Draft, Proposed Part 10, Audits of Group Financial Statements of the Proposed ISA for Audits of Financial Statements of Less Complex Entities. The IAASB plans to approve the final ISA for LCE before the end of the year. Consistent  with our report, “Audits of Less Complex Entities – Our Progress Toward a Solution”, we will continue to monitor and provide input to the IAASB’s as we work towards providing solutions in this area. Read the response letter for full details.