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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 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!

December 1, 2022

International Activity, News

PSAB’s Response to IPSASB’s Natural Resources Consultation Paper

PSAB has released its response to IPSASB’s Natural Resources Consultation Paper after conducting extensive outreach with Canadians. Feedback was provided to IPSASB on several areas of their Consultation Paper, including the description of human intervention, the need for increased engagement with Indigenous Peoples, and the measurement of natural resources.