Skip to main content

Top Stories




Volunteer Opportunity – IFRS® Accounting Standards Discussion Group

Rows of white chairs with one red chair front and centre

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”

A hand traces a glowing digital pathway beside a search icon, symbolizing quick access to key information

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”

Close up of people wearing suits stacking wooden blocks on a tabletop

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

to

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.

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

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 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.