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Topics discussed were Purchased intangibles, developer agreements, international strategy, contractual rights, taxes levied for specific purposes, and more. Read the report for full details.

The IFRS Foundation recently issued its Exposure Draft “Proposed amendments to the IFRS Foundation Due Process Handbook,” the procedural requirements followed by the IASB and the IFRS Interpretations Committee. Read now to understand the proposed changes.

Canadian stakeholders are encouraged to submit their comments to the IFRS Foundation by July 29, 2019.

The Public Sector Standard Setters Forum is being hosted in Canada this year! Taking place on June 24-25, 2019 in Niagara-on-the-Lake, Ontario, the Forum brings together public sector standard setters from across the globe in an informal environment. PSAB’s own Chair, Charles-Antoine St-Jean, and Director, Michael Puskaric, will be speaking.

By listening to our stakeholders, performing a risk assessment review and enhancing the relevance of financial reporting, we are leading by example. Read more about the work we did over the past year and our oversight of the Accounting Standards Board and Public Sector Accounting Board.

The Board discussed topics such as IFRS® Standards, Agriculture, Employee Future Benefits, Combinations and Contributions, among others.

The IASB has issued an Exposure Draft proposing amendments to IFRS 9 Financial Instruments and IAS 39 Financial Instruments: Recognition and Measurement. Canadian stakeholders are encouraged to submit their comments to the IASB by June 17, 2019.

IPSASB released a Consultation Paper proposing guidance for measurement attributes most commonly used by public sector entities applying IPSAS. Canadian stakeholders can send comments to IPSASB until September 30, 2019. Read the paper for full details.

Supporting IFRS® Standards implementation to advance Part II and Part III projects, and to enhance the relevance of financial information for all entities – we played a leadership role to help achieve our goals. Read about the AcSB’s 2018-2019 activities and accomplishments in this year’s Annual Report.

Our work together in 2018-2019 has brought us closer than ever to making decisions on projects that will shape the Canadian public sector accounting standards’ landscape for years to come. Watch this video hosted by PSAB’s own Charles-Antoine St-Jean, Chair, and Michael Puskaric, Director, on the progress being made on projects that are important to you.

The AcSB approved a new project to clarify its intent regarding the use of the funding valuation in measuring the defined benefit obligation in relation to Quebec’s Stabilization Provision. The AcSB plans to issue an exposure draft no later than the third quarter of 2019 in response to stakeholder feedback about diversity arising in practice on accounting for changes in pension legislation.