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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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May 1, 2020

International Activity

IAASB Exposure Draft – ISA 600, Audits of Group Financial Statements

The International Auditing and Assurance Standards Board (IAASB) issued its Exposure Draft, ISA 600, Special Considerations – Audits of Group Financial Statements (Including the Work of Component Auditors). Comments are due to the IAASB on October 2, 2020.

April 28, 2020

Resource, Guidance

Discount Rates

Do you have questions about the implications of COVID-19 on your discount rates? Read this easy-to-understand overview on the potential effects the current situation may have on the discount rates used by companies in the various valuation techniques under IFRS® Standards.

April 28, 2020

Resource, Guidance

Impairment of Non-financial Assets

Do you have questions about the implications of COVID-19 on the impairment of non-financial assets? Read this easy-to-understand overview, which includes a list of helpful resources, to support you as you navigate your impairment assessment.

April 28, 2020

Resource, Guidance

Potential Impact on IFRS 13, Fair Value Measurement

The COVID-19 pandemic continues to evolve rapidly and market-based measures like fair value are likely to change significantly and perhaps in unpredictable ways as a result. Read this easy-to-understand overview, which includes helpful resources, to support you as you determine the fair value of your assets and liabilities.

April 27, 2020

Meeting Summary

PSAB Decision Summary – April 27, 2020

At its recent meeting, the Board discussed, reviewed, and made decisions on the Financial Instruments – Narrow Scope Amendments project. Read the Decision Summary for full details.

April 24, 2020

Resource, Guidance

Income Taxes

The COVID-19 pandemic is affecting the recoverability of deferred tax assets and has introduced new government relief measures. Entities should use professional judgment to assess how this will impact the accounting for income taxes in accordance with IFRS® Standards.

April 24, 2020

Resource, Guidance

Events After the Reporting Period

Most companies, unless they are an essential service, are likely experiencing a material decline in their operations or are closed. This raises questions about whether they need to adjust their year-end or interim financial statements or provide additional disclosures for events after the reporting period. Read this helpful resource to understand what you need to know about events after the reporting period.

April 24, 2020

International Activity

IASB Exposure Draft – Covid-19-Related Rent Concessions (Proposed amendment to IFRS 16)

How is the IASB responding to the challenges facing lessees as a result of the COVID-19 pandemic? The IASB has issued an Exposure Draft amending IFRS 16 to include an exemption for COVID-19-related rent concessions. Canadian stakeholders are encouraged to submit their comments to the IASB by May 8, 2020.

April 23, 2020

Meeting Summary

AcSB Decision Summary – April 15, 2020

The Board discussed the evolving situation related to the COVID-19 pandemic. A number of decisions were made in order to best support our stakeholders during this challenging and uncertain time, including: deferring January 1, 2020 and 2021 effective dates by one year for Part II standards and maintaining our current comment deadline of May 15, 2020 for the Exposure Draft, Combinations - Initial Measurements and Related Disclosures. Read the Decision Summary for more details.

April 21, 2020

Resource, Guidance

Going Concern and Liquidity Risk

Do you have questions about the implications of COVID-19 on your financial statements and your going concern or liquidity risk assessments? Read this easy-to-understand overview, which includes a list helpful resources, to support you when preparing your financial statements.