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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.

Respond now

 
 
 
 
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.

Respond now

News Listings

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May 18, 2022

International Activity

IAASB Issues New Non-Authoritative Guidance on Fraud in an Audit of Financial Statements

The International Auditing and Assurance Standard Board (IAASB) issued non-authoritative guidance, The Fraud Lens – Interactions Between ISA 240 and Other ISAs. This guidance illustrates the relationship between International Standard on Auditing (ISA) 240, The Auditor's Responsibilities Relating to Fraud in an Audit of Financial Statements, and other ISAs when planning and performing an audit engagement and reporting thereon.

Read this non-authoritative guidance for full details

May 18, 2022

Meeting Summary

AASB Decision Summary – May 5, 2022

The Board discussed issues related to the IAASB’s proposed International Standard on Auditing (ISA) 500, Audit Evidence. It also reviewed the first draft of the Exposure Draft on Joint Policy Statement with Auditors and Actuaries and discussed other issues.

May 17, 2022

International Activity

IPSASB Consultation Paper – Natural Resources

PSAB encourages stakeholders to respond to the International Public Sector Accounting Standards Board’s (IPSASB) recently released Consultation Paper, Natural Resources. 

Respond directly to IPSASB by October 17, 2022, to ensure Canadian-specific issues and perspectives are considered related to developing guidance on the recognition, measurement, presentation, and disclosure of natural resources in the public sector. 

Stay tuned for PSAB’s roundtable discussions on this topic, which will bring Canadians together to help inform the Board’s own response to IPSASB.

May 17, 2022

International Activity

IPSASB Consultation Paper – Advancing Public Sector Sustainability Reporting

PSAB encourages stakeholders to respond to the International Public Sector Accounting Standards Board’s (IPSASB) recently released Consultation Paper, Advancing Public Sector Sustainability Reporting. 

Respond directly to IPSASB by September 9, 2022, to ensure Canadian-specific issues and perspectives related to public sector sustainability reporting are considered. 

May 11, 2022

Document for Comment

ISSB Exposure Draft – IFRS S2 Climate-related Disclosures

The ISSB is consulting on its Climate-related Disclosures Exposure Draft. We encourage Canadians to share their views on this Exposure Draft directly with the ISSB – and stay tuned for Canadian-specific opportunities to discuss these proposals.

May 11, 2022

Document for Comment

ISSB Exposure Draft – IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information

The ISSB is consulting on its General Requirements Exposure Draft. We encourage Canadians to share their views on this Exposure Draft directly with the ISSB – and stay tuned for Canadian-specific opportunities to discuss these proposals.

May 10, 2022

Meeting Summary

AcSB Decision Summary – April 26, 2022

The Board discussed Revenue, Sustainability Reporting, Crypto-Asset Activities, AcSB’s Performance Report, and more. Read the Decision Summary for full details, including how stakeholders can provide feedback on these initiatives.

May 5, 2022

Meeting Summary

AASOC Meeting Minutes – December 16-17, 2021

The Council met on December 16-17, 2021 to discuss the activities of the AASB and related matters. Read the full report for more information.

May 5, 2022

Resource, Other

Basis for Conclusions – Government Not-for-Profit Strategy

PSAB has released its Basis for Conclusions for its Government Not-for-Profit (GNFP) Strategy Decision, which provides an overview of key feedback from stakeholders and how PSAB responded. 

May 4, 2022

News

Readying for the New Future – AcSB Annual Report 2021-2022

In response to the evolving needs of our stakeholders, we made headway on key domestic projects, influenced global discussions, and built a foundation for the future. Read our Annual Report to learn more about our 2021-2022 activities and accomplishments.