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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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July 13, 2022

Meeting Summary

PSAB Decision Summary – June 28-29, 2022

The Board discussed the Government Not-for-Profit Strategy, Conceptual Framework & Reporting Model, Employee Benefits, International Strategy, and other matters. Read the Decision Summary for full details.

July 12, 2022

Meeting Summary

AcSB Decision Summary – June 22-23, 2022

The AcSB discussed Contributions, Related Party Combinations, Related Party Transactions, Revenue, Insurance, Crypto-Assets, Sustainability, and more. Read the Decision Summary for full details, including how stakeholders can provide feedback on these initiatives.

July 11, 2022

Resource, Webinar

Webinar – Learn about the ISSB and its sustainability disclosure Exposure Drafts, and the impacts for Canada

Sustainability standard setting is at a pivotal juncture, with the first draft standards issued for public comment by the ISSB. Watch our 15-minute, on-demand webinar for an overview of the ISSB and their inaugural Exposure Drafts, the different ways you can participate in this consultation period to inform Canada’s response, and how to stay up to date on the latest developments on sustainability standards.

June 30, 2022

Document for Comment

Exposure Draft – Joint Policy Statement Concerning Communications between Actuaries Involved in the Preparation of Financial Statements and Auditors

Share your views on the joint Exposure Draft – Joint Policy Statement Concerning Communications between Actuaries Involved in the Preparation of Financial Statements and Auditors, issued by the AASB and the Canadian Actuarial Standards Board. Submit your comments by September 19, 2022!

June 30, 2022

Resource, In Brief

In Brief – Joint Policy Statement Concerning Communications between Actuaries Involved in the Preparation of Financial Statements and Auditors

Read our In Brief for an overview of the Exposure Draft, Joint Policy Statement Concerning Communications between Actuaries Involved in the Preparation of Financial Statements and Auditors. You can share your feedback on this joint Exposure Draft by the AASB and the Canadian Actuarial Standards Board by September 19, 2022. 

June 29, 2022

Meeting Summary

Now Available! Meeting Report from PSA DG Meeting – May 12, 2022

At its May 2022 meeting, the Group discussed International Public Sector Accounting Standards Board’s (IPSASB) Consultation Paper on Sustainability Reporting, Climate-related Issues including considerations under Public Sector GAAP and SORPs, and General Application Standards. Read the Meeting Report for full details.

June 28, 2022

International Activity

Available in French: ISSB Exposure Draft, IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information

ISSB’s Exposure Draft, IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information is now available in French. Chartered Professional Accountants of Canada undertook the official translation for stakeholders worldwide – as part of their ongoing funding support standard setting. Access the Exposure Draft in English or French and submit your comments by July 29, 2022. 

June 28, 2022

International Activity

Now Available in French: ISSB Exposure Draft, IFRS S2 Climate-related Disclosures

ISSB’s Exposure Draft, IFRS S2 Climate-related Disclosures is now available for download in French. Chartered Professional Accountants of Canada undertook the official translation for stakeholders worldwide – as part of their ongoing funding support standard setting. Access the Exposure Draft in English or French and submit your comments by July 29, 2022.

June 27, 2022

Meeting Summary

AASB Decision Summary – June 6-7 2022

The AASB discussed a letter received from a stakeholder about the effective date of CSQM 1 and approved an Exposure Draft of a revised Joint Policy Statement with Auditors and Actuaries. The Board also discussed a new Canadian standard on FOFI and the IAASB’s activities related to Audit Evidence, Fraud, Going Concern, Sustainability Reporting, and more. Read the Decision Summary for full details.

June 23, 2022

Meeting Summary

IFRS® Discussion Group Meeting Report – May 19, 2022

At its May 19, 2022, meeting, the Group discussed Special Purpose Acquisition Companies (SPAC): Accounting for Warrants at Acquisition, Financial Reporting Considerations of Hybrid Work Arrangements, IFRS 17: Matters for Non-insurance Entities, and more. Read the meeting report for full details.