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Help the AASB develop new guidance on the implementation of KAM reporting. We want to better understand the 2020 experience and develop guidance for our stakeholders on lessons learned. Find out more about this exciting research opportunity and apply by October 31, 2021!

On September 27, 2021, the AcSB responded to the IASB’s Exposure Draft, issued in July 2021. The AcSB’s letter supports the proposed amendment and provides suggestions to further enhance the usefulness of the comparative information presented. The suggestions include broadening the scope of the classification overlay to cover all financial assets and considering additional disclosures. Read our letter to find out more!  

The Board discussed the Public Sector Accounting Discussion Group, the International Strategy – IPSASB Documents for Comment, and the Draft CPA Competency Map Response. Read the Decision Summary for full details.

The Board discussed Cloud Computing, Contributions, FASB Agenda Consultation, Framework for Reporting Performance Measures, Insurance, Leases, Pension Plans, Third Agenda Consultation, and more. Read the Decision Summary for full details, including how stakeholders can provide feedback on these initiatives.

The 2022-2027 Draft Strategic Plan is open for comment, and the deadline is October 15, 2021. The AcSB wants to hear your views on its proposals to address the changing needs of stakeholders.

Learn more about key proposals in PSAB’s Exposure Draft “Employee Benefits, Proposed Section PS 3251,” by watching our on-demand webinar in English or French. Comments for the Exposure Draft are due November 25, 2021.

Share your Canadian perspective by submitting papers to the Financial Accountability & Management in Governments, Public Services and Charities journal. Research of interest will encourage discussion about “publicness,” “localized-led development,” and the implication of accounting choices and practices within the economy and society. Submit papers by August 31, 2022.

The AcSB wants your feedback on its proposal to provide an optional expedient for applying modification accounting and an exception to certain hedge accounting requirements in Section 3856 Financial Instruments. 

Applying to both private enterprises and NFPOs using Parts II and III of the CPA Canada Handbook – Accounting, these amendments aim to ease financial reporting burdens related to market-wide interest rate benchmark reform. Submit your comments by October 17, 2021.

The AASB issued a Discussion Paper to obtain stakeholder input on options that might be explored in Canada to address the challenge of applying the Canadian Auditing Standards (CASs) to audits of less complex entities. Submit your comments by December 10, 2021!

Help PSAB inform the development of IPSAS by submitting papers to the IPSASB Research Forum. Topics of interest include implementation differential reporting and discounting, adoption of intangible assets, and reporting related to sustainability and digitalization. To apply for funding, submit abstracts by September 30, 2021.