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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.

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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.

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News Listings

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January 9, 2023

International Activity

Canada appointed as inaugural member of global Sustainability Standards Advisory Forum

Canada was appointed as one of 13 jurisdictions and regions from around the world to form the new Sustainability Standards Advisory Forum (SSAF). The SSAF will work with the International Sustainability Standards Board (ISSB) towards a comprehensive global baseline of sustainability-related disclosure for capital markets.

January 5, 2023

Meeting Summary

Now Available! Meeting Report from PSA DG Meeting – November 10, 2022

Topics discussed include cloud computing, carbon credits, statement of cash flows, Public Sector Accounting (PSA) Handbook issue, and more. Read the Meeting Report for full details.

January 5, 2023

Meeting Summary

Now Available! Meeting Report from PSA DG Meeting – November 10, 2022

Topics discussed include cloud computing, carbon credits, statement of cash flows, Public Sector Accounting (PSA) Handbook issue, and more. Read the Meeting Report for full details.

December 20, 2022

Meeting Summary

PSAB Decision Summary – December 1-2, 2022

The Board discussed the update from the Public Sector Accounting Discussion Group meeting, 2022-2023 Annual Improvements project, Financial Statement Presentation Standard (“Reporting Model”), the Government Not-for-Profit Strategy, and other matters. Read the Decision Summary for full details.

December 19, 2022

International Activity

Former AcSB leader Linda Mezon-Hutter appointed as IASB Vice-Chair

Former Canadian Accounting Standards Board (AcSB) Chair Linda Mezon-Hutter, who joined the International Accounting Standards Board (IASB) as member in September 2022, was appointed as the new IASB Vice-Chair. Effective January 1, 2023, this appointment comes at a pivotal time as connectivity between accounting and sustainability disclosure standards is built – both globally and in Canada.

December 15, 2022

Meeting Summary

AcSB Decision Summary – December 14-15, 2022

The AcSB discussed Contributions, Strategic Research, Insurance Contracts with Cash Surrender Value, the Annual Plan, and more. Read the Decision Summary for full details, including how stakeholders can provide feedback on these initiatives.

December 13, 2022

International Activity

Amendments to IAS 1 and the Impact on the ISAs: Disclosure of Material Accounting Policy Information

The International Auditing and Assurance Standards Board published guidance to help users understand the impact of revisions to International Accounting Standard (IAS) 1, Presentation of Financial Statements on International Standards on Auditing (ISAs). The AASB also revised the Canadian Auditing Standards (CASs) and will issue guidance on those changes to the CASs in early 2023.

December 13, 2022

Webinar, Resource

On-demand Webinar – Exposure Draft – CAS 500, Audit Evidence

Are you interested in hearing about the proposed changes to CAS 500, Audit Evidence? Watch the recorded webinar, hosted by CPA Canada, to learn about the subject from members of the AASB’s Audit Evidence Advisory Group.

December 12, 2022

Resource, Other

IAS 1 Presentation of Financial Statements – Additional disclosure considerations for companies engaging in crypto-asset activities

Is your company engaged in crypto-asset activities? Are there additional disclosures to consider beyond the specific requirements in IFRS Accounting Standards? Read this easy-to-understand resource to support your financial statement preparation process.

December 5, 2022

Meeting Summary

IFRS® Discussion Group Meeting Report – December 5, 2022

The Group discussed the Impact of Climate-related Risk on Financial Statements, Special Purpose Acquisition Companies (SPAC): Accounting for Warrants at Acquisition, the Canadian Interest Rate Benchmark Reform: Cessation of Canadian Dollar Offer Rates (CDOR), and more. Read the meeting report for full details!