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Volunteer Opportunity – IFRS® Accounting Standards Discussion Group

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Want to help shape the future of global accounting standards? Join the AcSB’s IFRS® Accounting Standards Discussion Group to connect with financial reporting experts, stay ahead of emerging issues, share your expertise, and help inform standard setting in Canada and beyond. Apply by October 30, 2026.

Apply 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

 
 
AASB Exposure Draft, “Proposed Revisions to the Canadian Auditing Standards for Audit Evidence and Risk Response”

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Don't miss the opportunity to shape Canadian auditing standards. The AASB is seeking feedback on proposed revisions to CAS 330, The Auditor’s Responses to Assessed Risks, CAS 500, Audit Evidence, and CAS 520, Analytical Procedures. This is your opportunity to share your perspective and ensure it is reflected in the final standards. Submit your comments by November 2, 2026.

Respond now

News Listings

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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.

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.