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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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August 12, 2020

Meeting Summary

AcSB Decision Summary – July 28, 2020

The Board discussed topics such as Primary Financial Statements, Leases, Insurance Contracts – plus much more. Read the Decision Summary for full details.

August 6, 2020

International Activity

IAASB issues Auditor Reporting Post Implementation Review Survey

The IAASB Auditor Reporting Implementation Working Group issued an online survey for stakeholders to provide input regarding the enhanced Auditor Reporting Standards. The AASB encourages all stakeholder groups to participate and share their views!

August 1, 2020

Meeting Summary

AcSOC Public Meeting Report – February 20-21, 2020

At its public meeting in Toronto, the Council discussed the activities of both the AcSB and PSAB and other related matters. The Council also discussed the Boards’ 2020-2021 annual plans. Read the full report for more information.

July 30, 2020

News

Notice of Intent – Extension of PSAB’s 2017–2021 Strategic Plan

PSAB extended the end date of its current 2017–2021 Strategic Plan by one year to March 2022. This will provide the Board with more time to review and assess the impacts of COVID-19 on its strategic direction. Comments on this extension can be submitted by September 30, 2020.

July 30, 2020

News

Update – PSAB’s Employment Benefits Project

PSAB approved a revised Employment Benefits project plan at the June 26, 2020 meeting. This approval comes following thorough consideration of how to respond to our stakeholders’ most pressing needs in the best way. Read this article to find out details on the new project plan, and what’s next for our stakeholders.

July 28, 2020

Resource, Guidance

Potential Impact on Lease Accounting (UPDATED)

The COVID-19 pandemic is affecting the ability of organizations to collect and pay rent and other lease obligations. This means companies should use professional judgement and consider the potential implications that COVID-19 could have relating to the accounting for leases under IFRS 16 Leases.

July 27, 2020

Meeting Summary

AASOC Public Meeting Report – March 25, 2020

During a virtual meeting, the Council discussed the activities of the AASB and other related matters. The Council also received an update on the activities of its Performance Review Committee. Read the full report for more information.

July 24, 2020

International Activity

Update – IASB defers effective date of Amendments to IAS 1

On July 15, 2020 the IASB issued an amendment to defer the effective date of Classification of Liabilities as Current or Non-current (Amendments to IAS 1) by one year. The AcSB will complete its endorsement process to incorporate the amendment into Part I of the CPA Canada Handbook – Accounting.

July 24, 2020

News

Volunteer Opportunities – Accounting Standards Oversight Council

Are you interested in working with other prominent members of the Canadian business community on issues of public interest and financial reporting? If so, AcSOC wants to hear from you!  Learn more about the two roles available and apply by September 14, 2020.

July 24, 2020

Meeting Summary

AcSB Decision Summary – July 15, 2020

The Board discussed Combinations and Employee Future Benefits. Read the Decision Summary for full details.