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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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March 12, 2019

International Activity

IAASB Proposals – 2020-2023 Strategy and 2020-2021 Work Plan now out for comment

The IAASB released its Proposed Strategy for 2020-2023 and Work Plan for 2020-2021. The Work Plan highlights the IAASB’s commitment to completing significant projects currently underway, while balancing the needs of all stakeholders. Stakeholders are encouraged to respond to the IAASB by June 4, 2019.

March 12, 2019

News

On-Demand Webinar – AcSB Framework for Reporting Performance Measures

Are you a preparer, director, practitioner, investor or contributor who reports, oversees, assesses or uses performance measures? Watch the webinar to learn how you can help improve the quality of performance measures by leveraging this Framework.

March 12, 2019

News

Quality Management at the Firm and Engagement Level, Including Engagement Quality Reviews

The IAASB issued three Exposure Drafts addressing quality management at the firm and engagement level, including engagement quality reviews, as well as an overall explanatory memorandum, FAQs and draft examples for proposed ISQM 1. Stakeholders are invited to comment by July 1, 2019. Visit the news page for full details.

March 6-7, 2019

Meeting Summary

AcSB Decision Summary – March 6-7, 2019

The Board discussed topics such as Agriculture, Financial Statement Concepts, Employee Future Benefits, Combinations and Financial Instruments – Hedging, among others.

March 4-5, 2019

Meeting Summary

AASB Decision Summary — March 4-5, 2019

The Board discussed several topics during this two-day meeting, including Identifying and Assessing the Risk of Material Misstatement, Public Sector Auditing Standards, Compilation Engagements, and the AASB’s 2019-2020 Annual Plan. Read the Decision Summary for full details.

February 21-22, 2019

Meeting Summary

AcSOC Public Meeting Report – February 21-22, 2019

At its recent meeting in Toronto, the Council discussed the activities of the AcSB, PSAB, and other related matters. The Council also heard an update on the activities of its Performance Review Committee and its Nominating and Governance Committee. Read the full report for more information.

February 19, 2019

International Activity

AcSB Response – Financial Instruments with Characteristics of Equity

On January 15, 2019, the AcSB responded to the International Accounting Standards Board’s (IASB) Discussion Paper, “Financial Instruments with Characteristics of Equity”, which seeks to address the current application challenges with IAS 32 Financial Instruments: Presentation. Read our letter to understand the matters we raised to the IASB for further consideration.

February 14, 2019

Meeting Summary

IFRS® Discussion Group Meeting Report – January 10, 2019

The Group discussed topics such as 2019 interim disclosure considerations related to IFRS 16, credit enhancements and related party loans. Read about the views expressed by Group members for helpful tips and stay up-to-date on past issues such as accounting for asset retirement obligations.

February 13, 2019

Meeting Summary

AcSB Decision Summary – February 13, 2019

The Board discussed topics such as narrow scope amendments to the income taxes and investments standards, and Financial Instruments – Hedging, among others.

February 11-12, 2019

Meeting Summary

AASOC Meeting Minutes – February 11-12, 2019

At its public meeting in Toronto, the Council discussed the activities of the AASB and other related matters. The Council also heard an update on the activities of its Performance Review Committee and its Nominating and Governance Committee. Read the full report for more information.