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

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Are the proposed changes practical and effective? Join an upcoming AASB roundtable to discuss the Exposure Draft, Proposed Revisions to the Canadian Auditing Standards (CASs) for Audit Evidence and Risk Response. Your feedback on the proposed changes to CAS 330, CAS 500, and CAS 520 will help inform standards that work for Canadians. Register for the English session on October 7, 2026, or the French session on October 13, 2026.

Register 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

 
 
 
 
PSAB Survey: 2027-2032 Draft Strategic Plan

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The future of public sector financial reporting starts with your input. Review PSAB's Draft Strategic Plan and share your views on proposed strategies to advance high-quality accounting standards, strengthen relationships with interested and affected parties and standard setters, and support forward-looking reporting. Complete our survey by October 15, 2026.

Respond now

News Listings

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March 30, 2023

News, Document for Comment

AcSB Exposure Draft – Contributions – Revenue Recognition and Related Matters

Share your views on a proposed new accounting standard, Contributions Received by Not-for-Profit Organizations and proposed amendments to Section 4400, Financial Statement Presentation by Not-for-Profit Organizations. Participate in our upcoming consultation activities or send us a comment letter with your feedback. Reply by September 30, 2023, and have your say!

March 30-31, 2023

Meeting Summary

PSAB Decision Summary – March 30-31, 2023

The Board discussed updates related to the Annual Report 2022-2023, the Reporting Model, the Technical Advisory Group (TAG), the Indigenous Advisory Group (IAG), Employee Benefits, and more. Read the Decision Summary for full details.

March 28, 2023

News, Document for Comment

AcSB Consultation Paper I – Exploring Scalability in Canada

The AcSB has released “Consultation Paper I – Exploring Scalability in Canada.” Read this paper to find out about our proposed scalability solutions and provide your feedback on the future direction of this project by July 31, 2023.

March 24, 2023

Document for Comment, International Activity

IASB Exposure Draft – Amendments to the Classification and Measurement of Financial Instruments

The IASB has published an Exposure Draft, Amendments to the Classification and Measurement of Financial Instruments, which proposes updates to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures. Respond with your feedback by July 19, 2023.

March 23, 2023

News

Submit an Issue to the PSA Discussion Group

Do you have concerns or questions related to the application of the PSA Handbook? Submit an issue to the PSA Discussion Group for consideration. Submissions for our upcoming June 2023 meeting are due April 17, 2023.

March 13-14, 2023

Meeting Summary, Webpage

AASB Decision Summary – March 13-14, 2023

The Board discussed its 2023-2024 Annual Plan, 2022-2023 Performance Assessment, Emerging Issues, and the IAASB’s projects on Audit Evidence, Going Concern, Sustainability, and more. Read the Decision Summary for full details. 

March 8-9, 2023

Meeting Summary, Webpage

AcSB Decision Summary – March 8-9, 2023

The AcSB discussed Crypto-asset Activities, Reporting Controlled and Related Entities, Related Party Combinations, Revenue, Agriculture, Pension Plans, Scaling the Standards, Sustainability Reporting, the AcSB’s Annual Plan, and more. Read the Decision Summary for full details, including how you can provide feedback on these initiatives.

March 6, 2023

International Activity

IAASB Issues Exposure Draft of Proposed Part 10, Audits of Group Financial Statements of the ISA of Less Complex Entities

The International Auditing and Assurance Standards Board (IAASB) issued its Exposure Draft of Proposed Part 10, Audits of Group Financial Statements, of the Proposed International Standard on Auditing for Audits of Financial Statements of Less Complex Entities (ISA for LCE). The Exposure Draft aims to include certain group audits within the scope of the proposed ISA for LCE. Submit your comments on the IAASB’s Exposure Draft by May 2, 2023, and provide a copy of your response to the AASB at [email protected].

March 1, 2023

News

Media Release – Independent review concludes, setting the stage for the future of Canadian accounting, auditing, and sustainability standard setting

The Independent Review Committee on Standard Setting in Canada issued its final recommendations report. The recommendations aim to ensure Canadian accounting and auditing – and now sustainability reporting and assurance – standard setting continues to be independent and internationally recognized. A summary feedback statement will soon be issued, outlining the feedback the committee received during its consultation process.

February 23, 2023

Meeting Summary

AcSOC Meeting Minutes – February 23, 2023

The Council met on February 23, 2023, to discuss the activities of the AcSB, PSAB, and related matters. Read the full report for more information.