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The Board discussed the Post Implementation Review of IFRS 10, 11, and 12, IBOR Reform, and more. Read the Decision Summary for full details, including how stakeholders can provide feedback on these initiatives.

IASB Exposure Draft – Disclosure Requirements in IFRS Standards – A Pilot Approach

The IASB issued an Exposure Draft proposing guidance on developing and drafting disclosure requirements for IFRS Standards in the future. The document includes also amendments to the disclosure section of IFRS 13 Fair Value Measurement and IAS 19 Employee Benefits. Canadian stakeholders are encouraged to submit their comments to the IASB by October 21, 2021.

The AcSB wants to hear your feedback on the IASB Request for Information on the Post-implementation Review of IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements and IFRS 12 Disclosure of Interests in Other Entities. Easily respond to key proposals by completing a quick poll or survey on Connect.FRASCanada.ca. Help the AcSB represent Canadian views in our response to the IASB!

The AcSB wants to hear your feedback on the IASB Request for Information on the Post-implementation Review of IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements and IFRS 12 Disclosure of Interests in Other Entities. Easily respond to key proposals by completing a quick poll or survey on Connect.FRASCanada.ca. Help the AcSB represent Canadian views in our response to the IASB!

Need help evaluating a government business enterprise's financial self-sufficiency or viability during the COVID-19 pandemic? PSAB’s new how-to guidance offers insights into how you can do so.

The AASB reviewed its performance assessments for the 2020-2021 Annual Plan and 2016-2021 Strategic Plan and continued discussions on a proposed exposure draft addressing conforming amendments to other Canadian standards as a result of CSQM 1. The Board also approved a project proposal to replace AuG-16, Compilation of a Financial Forecast or Projection with a Canadian Standard on Related Services.

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.

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.

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.

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.