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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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February 14, 2023

Resource, International Activity

Quality Management and Group Audits Highlighting Certain Aspects of Interaction between ISA 220 Revised and ISA 600

Interested in how ISA 220 (Revised) and ISA 600 will affect group audits and quality management? The International Auditing and Assurance Standards Board (IAASB) has issued a fact sheet on the interactions between ISA 220 (Revised) on quality management at the engagement level, and ISA 600 on group audits. Read this fact sheet for support while planning your audits of financial statements.

February 9, 2023

Meeting Summary

AASOC Meeting Minutes - June 27-28, 2022

The Council met on June 27-28, 2022, to discuss the activities of the AASB and related matters. Read the full report for more information.

February 9, 2023

Meeting Summary, Webpage

AcSOC Meeting Minutes – February 17-18, 2022

The Council met on February 17-18, 2022, to discuss the activities of the AcSB, PSAB, and related matters. Read the full report for more information.

February 9, 2023

Meeting Summary, Webpage

AcSOC Meeting Minutes – June 2-3, 2022

The Council met on June 2-3, 2022, to discuss the activities of the AcSB, PSAB, and related matters. Read the full report for more information.

February 7, 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.

February 7, 2023

International Activity, Resource, Article

Survey: Prioritizing Projects in the IAASB’s Work Plan for 2024-2027

The AASB is seeking your input and help in responding to the IAASB’s Proposed Strategy and Work Plan for 2024-2027. The survey is designed to gather your input on which projects should be prioritized by the IAASB. Read the work plan and provide your input via our survey by March 31, 2023.

February 6, 2023

International Activity, News

IPSASB issues Exposure Draft 84 Concessionary Leases and Right-of-Use Assets In-kind

PSAB encourages stakeholders to respond to the International Public Sector Accounting Standards Board’s (IPSASB) recently released Exposure Draft 84, Concessionary Leases and Right-of-Use Assets In-kind. Respond directly to IPSASB by May 17, 2023, to ensure Canadian-specific issues and perspectives related to concessionary leases and right-of-use assets in-kind are considered.

February 1, 2023

News, Resource

Joint Policy Statement Concerning Communications between Actuaries Involved in the Preparation of Financial Statements and Auditors (JPS)

The AASB and the Canadian Actuarial Standards Board jointly issued a revised JPS to enhance communications between actuaries and auditors. The JPS will be appended to CAS 500, Audit Evidence.

January 26, 2023

Meeting Summary

AcSB Decision Summary – January 26, 2023

The AcSB discussed Contributions, Scaling the Standards, the Annual Plan, and more. Read the Decision Summary for full details, including how you can provide feedback on these initiatives.

January 24, 2023

Document for Comment

AcSB Exposure Draft – International Tax Reform – Pillar Two Model Rules (Proposed Amendments to IAS 12)

The AcSB issued its Exposure Draft that corresponds to the IASB’s Exposure Draft on this topic. If you would like your feedback considered prior to the AcSB finalizing its comment letter, please submit comments to the AcSB prior to February 24, 2023.