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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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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.

June 26, 2020

News

AASOC 2019-2020 Annual Report – Exercising Effective Oversight in a Time of Increasing Risk and Uncertainty

This year, our focus was on evolving the role of the Council to become more strategic, improving our nominations and governance procedures and enhancing our performance review process. Read about the work we did over the past year and our oversight of the Auditing and Assurance Standards Board.

June 26, 2020

News

2019-2020 AASB Annual Reporting – Responding to Change

Last year saw the AASB playing a role in global assurance and related services standards, improving engagement with new and existing stakeholders, and approving key standards on compilation engagements and agreed-upon procedures. Read about the AASB’s 2019-2020 activities and accomplishments in this year’s Annual Report, which includes a look to the future as we navigate a world changed by COVID-19. 

June 26, 2020

Meeting Summary

PSAB Decision Summary – June 26, 2020

At its recent meeting, the Board discussed the Employment Benefits Project and the Government Not-for-Profit Strategy. Read the Decision Summary for full details.

June 25, 2020

Meeting Summary

PSAB Decision Summary – June 25, 2020

At its recent meeting, the Board discussed the Conceptual Framework and Reporting Model, Purchased Intangibles, and PSAB’s response to COVID-19. Read the Decision Summary for full details.

June 25, 2020

International Activity

IFAC Webinars – Practical Audit Considerations in the Pandemic

Check out IFAC’s Weekly Webinar Series – ‘Practical Audit Quality Considerations for Auditing in the Pandemic Environment - Planning, Execution, Auditor Reporting and Looking Ahead.' Events start on Thursday, July 9, 2020!