Skip to main content

Top Stories



AASB Virtual Roundtable – Exposure Draft, “Proposed Revisions to the Canadian Auditing Standards for Audit Evidence and Risk Response”

Close up of people wearing suits stacking wooden blocks on a tabletop

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”

A hand traces a glowing digital pathway beside a search icon, symbolizing quick access to key information

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

Chess pieces inside different sized circles on a table

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

to

April 6, 2021

International Activity

IASB issues Covid-19-Related Rent Concessions beyond June 30, 2021 (Amendment to IFRS 16)

The IASB issued an amendment to extend the scope of the optional exemption for COVID-19-related rent concessions by one year to June 30, 2022. The AcSB will incorporate the amendment, as well as the amendments to the Basis for Conclusions, into the CPA Canada Handbook upon completion of its due process activities.

April 6, 2021

International Activity

Update – IASB and AcSB extend comment period on Exposure Draft, Regulatory Assets and Regulatory Liabilities

The IASB extended the comment period for its Exposure Draft to July 30, 2021. The AcSB updated its Exposure Draft that corresponds to the IASB’s Exposure Draft to reflect the extended deadline. Stakeholders who would like their feedback considered prior to the AcSB finalizing its comment letter are encouraged to submit comments to the AcSB by July 15, 2021.

April 6, 2021

Meeting Summary

AcSB Decision Summary – March 23-24, 2021

The Board discussed Cloud Computing, Contributions, Pension Plans, the 2021-2022 Annual Plan, the Strategic Plan, and more. Read the Decision Summary for full details, including how stakeholders can provide feedback on these initiatives.

April 1, 2021

Resource, In Brief

In Brief – Public Private Partnerships, Section PS 3160

PSAB’s new standard on Public Private Partnerships was issued in April 2021. Read our plain and simple overview of this new standard, which addresses the accounting and reporting of infrastructure procured through public private partnership arrangements.

April 1, 2021

News

Just released! AcSB 2021-2022 Annual Plan

This Annual Plan sets out the Board’s key activities and project milestones in 2021-2022, including the IASB’s project on Rate Regulated Activities and domestic projects such as cloud computing, contributions and pension plans. Read the plan for full details.

March 31, 2021

Resource, Webinar

Webinar – Exploring PSAB’s Exposure Draft, “Financial Statement Presentation, Proposed Section PS 1202”

Learn more about key proposals in PSAB’s Exposure Draft “Financial Statement Presentation, Proposed Section PS 1202.” Watch the recorded English or French webinar. Comments on this Consultation Paper are due June 30, 2021.

March 29, 2021

Resource, Webinar

Webinar – Exploring PSAB’s Exposure Draft, “The Conceptual Framework for Financial Reporting in the Public Sector”

Learn more about key proposals in PSAB’s Exposure Draft “The Conceptual Framework for Financial Reporting in the Public Sector.” Watch the recorded English or French webinar. Comments on this Consultation Paper are due June 30, 2021.

March 26, 2021

News

Handbook Update – 2021 Annual Improvements

The AcSB has issued the 2021 annual improvements to accounting standards for private enterprises and accounting standards for not-for-profit organizations. These amendments are effective for fiscal years beginning on or after January 1, 2022 with earlier application permitted.

March 26, 2021

Resource, Other

International Summary Comparison: PSAB’s Proposals for a Revised Reporting Model and IPSASB’s Existing Reporting Model

This international summary comparison document provides an overview of the differences between the two reporting models. This comparison is helpful given PSAB’s decision to adapt IPSAS principles when developing future standards. Please note: The comment deadline for PSAB’s Exposure Draft, “Financial Statement Presentation, Proposed Section PS 1202” is June 30, 2021. 

March 26, 2021

Resource, Other

International Summary Comparison: PSAB’s Proposals for a Revised Conceptual Framework and IPSASB’s Existing Conceptual Framework

This international summary comparison document provides an overview of the differences between the two conceptual frameworks. This comparison is helpful given PSAB’s decision to adapt IPSAS principles when developing future standards. Please note: The comment deadline for PSAB’s Exposure Draft, “Conceptual Framework for Financial Reporting in the Canadian Public Sector” is June 30, 2021.