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The CSSB discussed its 2026 Performance Report, its 2026-2027 Annual Plan, and IPSASB’s 2025 Work Program Consultation. The Board reviewed the first draft of an Exposure Draft proposing Amendments to CSDS 2, Climate-related Disclosures, to correspond with the ISSB’s final amendments to IFRS S2. The Board also approved a project plan for their response to the ISSB’s planned amendments to the SASB Standards. Read the decision summary for full details.

The Chairs of Canada’s Accounting Standards Board (AcSB) and Canadian Sustainability Standards Board (CSSB) met with their Japanese counterparts, the Accounting Standards Board (ASBJ) and Sustainability Standards Board (SSBJ), in Toronto on January 12, 2026. They shared updates on their boards’ activities, discussed how national standard setters can support the IASB and ISSB respectively, and explored opportunities for continued collaboration with the IFRS Foundation to advance high-quality, globally aligned accounting and sustainability disclosure standards. Read more about the meeting and key takeaways.

The Reporting & Assurance Standards Oversight Council is pleased to announce the appointment of Andrew Newman as the next Chair of the Public Sector Accounting Board, effective April 1, 2026.

The AcSB discussed its ROMRS Project Summary, Performance Report, Financial Statement Concepts project, Guidance Framework: Part IV/IFRS 18, Part IV Agenda Consultation, Annual Plan, and more. Read our Decision Summary for full details.

The Group discussed Year-end Financial Reporting Reminders, IFRS 18: Classification of income and expenses that arise from liabilities, and more. Read the meeting report for full details!

PSAB approved Section PS 3251, Employee Benefits, and the narrow scope amendments to Statement of Recommended Practice -1. The Board also discussed initial recommendations for the Government Not-for-Profit (GNFP) Contributions and Financial Statement Presentation project, Cloud Computing Arrangements, and a preliminary draft of its 2027-2032 strategic plan. In addition, the Board received updates from the Indigenous Advisory Group and the Public Sector Accounting Discussion Group. Read the full Decision Summary for details!

The AcSB has issued narrow scope amendments to Section 3840, Related Party Transactions in Part II of the Handbook. The amendments address accounting for a combination involving a business under common control and are effective for fiscal years beginning on or after January 1, 2026.

At its December 2025 meeting, the AASB unanimously approved final narrow-scope amendments to Canadian Auditing Standard 620 and certain Other Canadian Standards. The Board also discussed several international standard-setting initiatives and, through its Emerging Issues Monitoring Process, identified and prioritized key environmental themes. Read the decision summary for full details.

The amendments, which include reduced disclosure requirements for new and amended IFRS Accounting Standards issued between February 2021 and May 2024, are now in Part I of the CPA Canada Handbook.

These are effective for annual reporting periods beginning on or after January 1, 2027, with earlier application permitted.

Catch the on-demand recording of this panel discussion, hosted by the CSSB and the UN Principles for Responsible Investment (UN PRI) as part of Canada Climate Week Xchange in November 2025. Hear insights from regulators, industry leaders, and sustainability experts on the future of sustainability disclosure in Canada.