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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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June 29 - July 8, 2021

Meeting Summary

PSAB Decision Summary – June 29, 2021 and July 8, 2021

At its recent meetings, the Board discussed such topics as Rate Regulated Accounting, International Strategy, the Consultation Paper of IFR4NPO, and Financial Instruments. Read the Decision Summary for full details.

June 28, 2021

Meeting Summary

AASOC Public Meeting Report – April 19, 2021

The Council met on April 19, 2021 to receive an update on the Independent Review Committee of Standard Setting. Read the full report for more information.

June 28, 2021

Meeting Summary

IFRS® Discussion Group Meeting Report – May 20, 2021

At its May 20, 2021 meeting, the Group discussed many financial reporting hot topics such as the IFRS® Interpretations Committee’s tentative agenda decision on the configuration and customization costs in a cloud computing arrangement, an issuer’s accounting for subscription receipts, and accounting for standby costs and penalties incurred under a force majeure clause. Read the meeting report for details.

June 23, 2021

Meeting Summary

AASOC Public Meeting Report – February 25-26, 2021

The Council met on February 25- 26, 2021 to receive an update on the Board’s activities. Read the full report for more information.

June 8, 2021

International Activity

IAASB Quality Management Webinar Series

The IAASB is holding a series of webinars on June 24, July 29, August 5, and August 18. The webinars will take a deep dive into aspects of the IAASB’s new standard on quality management. We encourage stakeholders to register for a webinar or watch the webinars on the IAASB’s YouTube channel following the session.

June 7-8, 2021

Meeting Summary

AASB Decision Summary – June 7-8, 2021

The AASB discussed issues related to the IAASB’s project on Group Audits and the anticipated exposure draft of a separate standard for audits of less complex entities. The Board approved its 2021-2022 Annual Plan and 2022-2025 Strategic Plan. 

June 3, 2021

Meeting Summary

AcSOC Public Meeting Report – October 29-30, 2020

The Council met on October 29-30, 2020 to receive an update on the Boards’ activities. Read the full report for more information.

June 3, 2021

Resource, Article

Fraud, Going Concern, and the Expectation Gap

Although the external audit is only one element within the broader financial reporting ecosystem, the auditor’s role in audits of financial statements continues to receive heightened public attention. We’re working to better understand the expectation gap between the perception of the auditor’s role and their responsibilities in a financial statement audit. Read this article to learn more about our outreach initiatives, and watch a video excerpt from our recent presentation on this topic!

June 2, 2021

International Activity

IAASB Work Plan 2022-2023 Survey

The IAASB issued a survey on its Work Plan for 2022-2023. Help shape the IAASB’s future work by replying via the Board’s online tool. We encourage Canadian stakeholders to respond to the IAASB by August 5, 2021.

June 2, 2021

International Activity

New IAASB Video on Quality Management Considerations for Firms

The IAASB released a new video for firms preparing to implement its new quality management standards. Watch this video for information on what may be retained from current quality control systems, the time and resources needed, and various ways to approach implementation.