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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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January 24, 2023

Resource, Guidance

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

The AASB has developed guidance to address the impact on Canadian Auditing Standards and Canadian Standard on Review Engagements of certain narrow-scope amendments made to IAS 1, Presentation of Financial Statements.

January 23, 2023

Meeting Summary, Webpage

AASB Decision Summary – January 23, 2023

The Board discussed developing a new Canadian Standard on Related Services on compilations of future-oriented financial information and approved a Canadian Project Proposal for sustainability assurance. It also discussed annual planning, the Strategic Plan 2022-2025, and more. Read the Decision Summary for full details.

January 17, 2023

Meeting Summary

PSAB Decision Summary – January 17, 2023

The Board discussed the Future Work Plan Consultation, 2023-2024 Draft Annual Plan & Risk Assessment, and the Financial Statement Presentation Standard (“Reporting Model”). Read the Decision Summary for full details.

January 10, 2023

Resource, Webinar

On-Demand Workshop: Introduction to International Public Sector Accounting Standards (IPSAS)

Watch our videos to learn about the International Public Sector Accounting Standards Board (IPSASB) and its accounting standards for public sector entities, related to routine transactions of assets, liabilities, revenues and expenses.

January 10, 2023

International Activity, News

Accounting Standards Board of Canada and the Accounting Standards Board of Japan Hold Bilateral Meeting in Toronto

On January 9, 2023, the Accounting Standards Board (AcSB) of Canada and Accounting Standards Board of Japan (ASBJ) held their fourth bilateral meeting in Toronto. The Boards provided updates on their activities and discussed topics of mutual interest, such as crypto assets. Representatives from Financial Reporting & Assurance Standards Canada’s sustainability standards team and the Sustainability Standards Board of Japan (SSBJ) also attended the meeting. They shared updates on their activities and discussed the connectivity between sustainability and financial reporting. Read the press release, available in English.

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 9, 2023

International Activity, News

IASB Exposure Draft – International Tax Reform – Pillar Two Model Rules

The IASB has published an Exposure Draft, International Tax Reform – Pillar Two Model Rules which proposes amendments to IAS 12 Income Taxes. Respond with your feedback by March 10, 2023.

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.