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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.

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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.

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News Listings

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July 28, 2021

Resource, In Brief

In Brief – Exposure Draft, “Employee Benefits, Proposed Section PS 3251”

Read PSAB’s plain and simple overview of our Exposure Draft, “Employee Benefits, Proposed Section PS 3251.” The first phase of this multi-phase standard focuses on discount rate guidance and deferral provisions. Learn more about our key proposals and submit your comments on the Exposure Draft by November 25, 2021! 

July 26, 2021

International Activity

IASB Exposure Draft – Subsidiaries without Public Accountability: Disclosures

What do you think about the IASB’s proposal for a reduced disclosure IFRS Standard that would apply on a voluntary basis to subsidiaries that are SMEs and do not have public accountability? The IASB issued an Exposure Draft relating to its Disclosure Initiative—Subsidiaries without Public Accountability: Disclosures project. Have your say by January 31, 2022.

July 21, 2021

Resource, Other

AASB Strategic Plan 2022-2025 Feedback Statement

Learn how the AASB developed and approved its Strategic Plan 2022-2025 – including conclusions reached on the significant comments received. 

July 20, 2021

News

Compilations of Future-oriented Financial Information (FOFI) Reference Group Established

The AASB has recruited members for the Compilations of Future-oriented Financial Information  (FOFI) Reference Group. The Compilations of FOFI Reference Group will assist the AASB as it develops a new Canadian Standard on Related Services (CSRS) to replace current Assurance and Related Services Guideline (AuG)-16, Compilation of a Financial Forecast or Projection.

July 19, 2021

Meeting Summary

AASOC Public Meeting Report – May 18, 2021

The Council met on May 18, 2021 to discuss the activities of the AASB and related matters. Read the full report for more information. 

July 15, 2021

Meeting Summary

AASB Decision Summary – July 15, 2021

The AASB discussed issues related to the IAASB’s project on audit evidence and fraud. The Board also reviewed a draft Canadian discussion paper on audits of less complex entities.

July 8, 2021

News

Concepts Underlying Financial Performance – Exposure Drafts Close for Comment

PSAB has received a significant number of response letters to two Exposure Drafts that closed for comment on June 30, 2021 as part of our current Concepts Underlying Financial Performance project.

July 7, 2021

Meeting Summary

AASOC Public Meeting Report – April 26, 2021

The Council met on April 26, 2021 to receive an update on the Independent Review Committee of Standard Setting. Read the full report for more information. 

July 7, 2021

Meeting Summary

AcSB Decision Summary – June 16-17, 2021

The Board discussed Business Combinations under Common Control, Management Commentary, Rate Regulated Activities, Sustainability, Cloud Computing, Interest Benchmark (IBOR) Reform, COVID-19-Related Rent Concessions, Pension Plans, and more. Read the Decision Summary for full details, including how stakeholders can provide feedback on these initiatives. 

July 6, 2021

News

Standard-setting Update – Readying for the Future

As Canada moves through the third wave of COVID-19 with the hope that comes with vaccinations and economic re-opening, we in standard setting have also been progressing in new areas and initiatives. From sustainability standards to strategic planning, read this statement from our Board Chairs about what we’ve been up to and what’s to come this year.