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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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May 13, 2021

Meeting Summary

AcSB Decision Summary – May 5, 2021

The Board discussed the Disclosure Initiative, Third Agenda Consultation, Contributions, and the AcSB’s Strategic Plan. Read the Decision Summary for full details, including how stakeholders can provide feedback on these initiatives.

May 12, 2021

International Activity

IFRS Foundation Trustees publish institutional arrangements for proposed new sustainability standards board

The Trustees of the IFRS Foundation published proposed amendments to the Constitution of the Foundation to accommodate a potential new International Sustainability Standards Board within the governance structure of the organization. Canadian stakeholders are encouraged to reply to the Foundation by July 29, 2021. 

May 10, 2021

Meeting Summary

Now Available! Meeting Report from PSA DG Meeting — April 8, 2021

Topics discussed included issues in applying the modified retroactive transition method for Asset Retirement Obligations, Section PS 3280 to a building with asbestos and to a fully depreciated asset still in productive use. The Group also discussed the reporting model exposure draft proposal to split liabilities into financial and non-financial categories, and PSAB’s proposed approach to its GNFP Strategy in Consultation Paper II.

May 10, 2021

Document for Comment

Consultation Paper – PSAB’s Draft 2022 – 2027 Strategic Plan

PSAB issued its Draft 2022 – 2027 Strategic Plan which outlines the Board’s proposed strategic objectives for the next five years. Share your feedback on this document by October 6, 2021 via comment letter or by participating in our online activities on Connect.FRASCanada.ca.

May 5, 2021

Meeting Summary

AcSB Decision Summary – April 21, 2021

The Board discussed the Post Implementation Review of IFRS 10, 11, and 12, Insurance Contracts, AcSB’s Strategic Plan, and more. Read the Decision Summary for full details, including how stakeholders can provide feedback on these initiatives. 

May 5, 2021

Meeting Summary

AASB Decision Summary – May 5, 2021

The AASB discussed the anticipated IAASB exposure draft of a proposed standard for Audits of Less Complex Entities and the way forward in Canada. The Board also reviewed a first draft of its 2021-2022 Annual Plan and discussed input received from stakeholders on its Draft 2022-2025 Strategic Plan.

May 3, 2021

News

AcSB Exposure Draft – Disclosure Requirements in IFRS Standards — A Pilot Approach

The AcSB has issued its Exposure Draft that corresponds to the IASB’s Exposure Draft on this topic. Stakeholders are encouraged to submit their comments by October 21, 2021.

April 28, 2021

International Activity

IASB Exposure Draft – Lack of Exchangeability

The IASB has issued an Exposure Draft to amend IAS 21. The proposed amendments aim to help companies determine whether a currency can be exchanged into another currency, and what accounting to apply if the currency cannot be exchanged. Canadian stakeholders are encouraged to submit their comments to the IASB by September 1, 2021.

April 21, 2021

News

Response Deadlines Extended – Concepts Underlying Financial Performance and Government Not-for-Profit Strategy Documents for Comment

The response deadlines of five key documents for comment related to the PSAB’s proposed new Conceptual Framework, Reporting Model, and Government Not-for-Profit Strategy have been extended to June 30, 2021. We encourage stakeholders to use this additional time to share feedback and help shape the future of public sector accounting standards for years to come!

April 16, 2021

News

PSAB 2021–2022 Annual Plan

This Annual Plan sets out the Board’s key activities and project milestones in 2021-2022, helping to achieve the objectives in the last year of its strategic plan. Read the plan for full details.