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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.

Respond now

News Listings

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December 11, 2020

Meeting Summary

PSAB Decision Summary – December 11, 2020

At its recent meeting, the Board discussed the International Strategy project and PSAB’s response to the Consultation Paper on Sustainability Reporting by the Trustees of the IFRS Foundation. Read the Decision Summary for full details.

December 10, 2020

Meeting Summary

PSAB Decision Summary – December 10, 2020

At its recent meeting, the Board discussed the Employment Benefits project, the 2021-2022 Annual Plan and Risk Assessment, and the Interim Performance Report. Read the Decision Summary for full details.

December 9, 2020

Document for Comment

AcSB Exposure Draft – Lease Liability in a Sale and Leaseback

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 March 29, 2021.

December 9, 2020

Meeting Summary, Webpage

PSAB Decision Summary – December 9, 2020

At its recent meeting, the Board discussed Public Private Partnerships and Financial Instruments. Read the Decision Summary for full details.

December 9, 2020

Meeting Summary

AcSB Decision Summary – December 2, 2020

The Board discussed Goodwill and Impairment, and Sustainability Reporting. Read the Decision Summary for full details, including how stakeholders can provide feedback on these initiatives

December 8, 2020

International Activity

IASB Exposure Draft – Lease Liability in a Sale and Leaseback

Thinking about entering into a sale and leaseback transaction? Then this exposure draft could be important to you! The IASB has issued an Exposure Draft to amend IFRS 16 to specify the method a seller-lessee uses in initially measuring the right-of-use asset and liability in a sale and leaseback transaction. Canadian stakeholders are encouraged to submit their comments to the IASB by March 29, 2021.

December 2, 2020

News

Fall 2020 Standard-setting Update – Prioritizing, supporting, and maintaining community during COVID-19

COVID-19 continues to impact Canada and the world. We are each experiencing and navigating the challenges, and the standard-setting boards are no exception. We are reprioritizing work to adapt to our new environment, continuing to create helpful resources, and even launched a new online community platform to further pivot our operations to the digital environment.

November 30 - December 1, 2020

Meeting Summary

AASB Decision Summary – November 30 – December 1, 2020

The Board discussed considerations related to the IAASB’s draft project proposal for Audits of Less Complex Entities and Audit Evidence and issues related to the IAASB’s project on Extended External Reporting and Group Audits. It also discussed Canadian specific considerations related to adopting the new firm-level Quality Management standard. Read the full Decision Summary for details.

November 27, 2020

International Activity

Video Introduction to the New IAASB Quality Management Standards

The IAASB approved its quality management suite of standards, including ISQM 1, ISQM 2, and ISA 220, in September 2020. The AASB has proposed to adopt these standards in Canada. Watch this video for an introduction to the new IAASB standards.

November 23, 2020

News

Connect with us – Consultation Paper, Contributions – Revenue Recognition and Related Matters

Easily share your feedback on the Consultation Paper, Contributions – Revenue Recognition and Related Matters via quick polls, short surveys, or an open forum on our new online community platform, Connect.FRASCanada.ca. Register today!