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 4, 2018

International Activity

IASB Discussion Paper – Financial Instruments with Characteristics of Equity

The IASB has issued a Discussion Paper that explores improvements to IAS 32 Financial Instruments: Presentation for financial instruments that have characteristics of both a liability and equity. Canadian stakeholders are encouraged to provide feedback directly to the IASB by January 7, 2019.

July 3, 2018

International Activity

Canadian Appointment – IFRS® Interpretations Committee

We are pleased to share that Guy Jones, partner in the Toronto office of EY’s professional practice group and Vice-Chair of the AcSB’s IFRS Discussion Group, was appointed to the IFRS Interpretations Committee for a three-year term starting July 1, 2018. The IFRS Interpretations Committee responds to questions from stakeholders about the application of IFRS Standards.

June 25, 2018

International Activity

IPSASB Exposure Draft 65 – Improvements to IPSAS, 2018

IPSASB issued Exposure Draft 65 proposing general improvements to IPSAS based on stakeholder feedback, and IFRS®convergence amendments. Canadian stakeholders can send comments to IPSASB until July 15, 2018.

June 4, 2018

Meeting Summary

PSA Discussion Group – Report on June 4, 2018 Livestreamed Meeting

Read the report for details about the discussions of: PSAB’s conceptual framework and reporting model proposals, public liability claims, municipal off-site lot levies, and PSAB’s decision model for choosing a new international strategy.

April 20, 2018

Resource, Other

New! AcSB Standard-setting Due Process Manual

Our revised due process manual provides you a clear explanation of our IFRS® Standards endorsement and domestic standard-setting activities. We use plain language, simplified content, and visuals, to ensure the rigorous set of procedures we undertake to set standards is easy for you to understand.

April 9, 2018

International Activity

Final Concepts – IASB® issues revised Conceptual Framework for Financial Reporting

The IASB has issued a revised Conceptual Framework for Financial Reporting to replace the Conceptual Framework issued in 2010.  The revised Conceptual Framework is effective immediately for the IASB, and from January 1, 2020 for entities, with early application permitted.

April 4, 2018

International Activity

IASB® Exposure Draft – Accounting Policy Changes (Proposed Amendments to IAS 8)

The IASB issued an Exposure Draft proposing amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors. Canadian stakeholders are encouraged to submit comments to the IASB by July 27, 2018.

February 21, 2018

Meeting Summary

IFRS® Discussion Group Meeting Report – January 10, 2018

The Group discussed topics such as cryptocurrency, cloud computing, leases, and when to apply the clarifications for modifications or exchanges of financial liabilities. Read about the views expressed on these topics for helpful tips.

February 12, 2018

International Activity

IPSASB Exposure Draft 64 – Leases

IPSASB issued Exposure Draft 64 proposing a single right-of-use model for lease accounting to replace the risks and rewards incidental to ownership model in IPSAS 13, Leases. Canadian stakeholders can send comments to IPSASB until June 30, 2018.

February 2, 2018

News

AASOC Updates Terms of Reference

At its November 9-10, 2017 meeting, AASOC approved revised Terms of Reference, which were updated following a joint review of the activities of AASOC and AcSOC. The Terms of Reference of both Councils are now more closely aligned and reflect current oversight procedures.