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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.

Respond now

 
 
 
 
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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July 21, 2020

Meeting Summary

AASB Decision Summary – July 7 and July 21, 2020 Conference Calls

The Board continued discussions of its draft response letter on the IAASB Consultation Paper on Extended External Reporting. It also discussed its current planned activities for emerging technology, fraud and going concern, and the evolving assurance needs of stakeholders. Read the full Decision Summary for details.

July 17, 2020

Meeting Summary

Now Available! Meeting Report from PSA DG Meeting — July 17, 2020

Topics included cloud computing arrangements that are services and first-time consolidation of a governmental unit when there is a change in control.

July 17, 2020

Meeting Summary

AcSB Decision Summary – July 7, 2020

The Board discussed topics such as Employee Future Benefits, ASPE implementation issues, Annual Improvements – plus much more. Read the Decision Summary for full details.

July 13, 2020

International Activity

AcSB Response Letter – CSA Second Notice and Request for Comment on Proposed National Instrument 52-112

On June 29, 2020, we submitted our response letter to the CSA, commending them for taking into consideration the comments received on the first version of the Proposed National Instrument to improve the application of these proposals. We continue to support the CSA’s objective of ensuring investors receive appropriate disclosure without unduly increasing regulatory burden on issuers.

July 13, 2020

News

Media Release – PSAB Leadership Change

PSAB is undergoing a leadership change. Current Chair, Charles-Antoine St-Jean, was named CPA Canada’s new President and CEO, effective July 20, 2020. Taking his place as interim Chair is current PSAB Vice-Chair, Clyde MacLellan. The search for a permanent Chair will commence shortly.

July 10, 2020

International Activity

IAASB issues review engagements on interim financial information COVID-19 resource

The IAASB issued review engagements on interim financial information guidance in light of the changing environment due to the COVID-19 pandemic, providing areas of focus to consider in the review, as well as guidance on the requirements of ISRE 2410.

July 7, 2020

International Activity

IAASB issues COVID-19 resource on auditing accounting estimates

The IAASB issued guidance on auditing accounting estimates in light of the changing environment due to the COVID-19 pandemic, focusing on risk assessment and responding to assessed risks of material misstatement, disclosures, implications for the auditor’s report, and management bias and fraud. 

July 3, 2020

Meeting Summary

PSAB Decision Summary – July 3, 2020

At its recent meeting, the Board discussed the Financial Instruments – Narrow Scope Amendments project and its Basis for Conclusions on its International Strategy decision. Read the Decision Summary for full details.

July 2, 2020

Meeting Summary

IFRS® Discussion Group Meeting Report – May 27, 2020

Just in time for Q2 Interim Reporting! Check out this meeting report summarizing the Group’s discussion on issues such as the accounting for COVID-19 related rent concessions, financial reporting considerations of COVID-19, classification of liabilities as current or non-current, and accounting for leases in a business combination.  

June 30, 2020

International Activity

Update – IASB issues amendments to IFRS 17

The IASB issued the amendments to IFRS 17 Insurance Contracts, with the effective date of the standard deferred to January 1, 2023, and the temporary exemption of applying IFRS 9 extended by two years to keep the effective dates aligned. The AcSB will ballot the final amendments and complete its endorsement process in Q4 2020.