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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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January 11, 2018

News

New look, same mission – 2016-2021 AcSB Strategic Plan

The 2016-2021 AcSB Strategic Plan has a new look to align with the Board’s new brand and image. Initially released in April 2016, the goals and objectives remain the same. Stay tuned for more info on the Plan’s current status and what’s to come in 2018-2019.

December 18, 2017

International Activity

Final Amendments – Annual Improvements to IFRS Standards 2015 – 2017 Cycle

The IASB has issued final amendments to four IFRS® Standards as part of its Annual Improvements project. The amendments are effective from January 1, 2019, with early application permitted.

November 20, 2017

News

IFRS® Discussion Group Meeting Report – October 5, 2017

The Group discussed topics such as disclosing the effects of adopting IFRS 9 and IFRS 15 in interim financial statements, determining lease terms and classifying financial assets. Read about the views expressed on these topics for helpful tips.

November 17, 2017

Meeting Summary

PSA Discussion Group – Report on November 17, 2017 Livestreamed Meeting

Read the report for details about the discussions of: green infrastructure, restructuring transactions, the consolidation of entities using IFRS® Standards for leases, and social impact bonds.

November 13, 2017

News

Canadian Accountant Article – Canadian Accountants Prepare for Reporting Key Audit Matters

Read this article for an update on the new information auditors will need to include in audit reports. Darrell Jensen, AASB Chair, talks key audit matters, next steps and what Canadian stakeholders had to say.

October 25, 2017

International Activity

IAASB Releases ISA 600 Project Update

October 25, 2017. The IAASB has issued an update for its project to revise ISA 600, Special Considerations – Audits of Group Financial Statements (Including the Work of Component Auditors). This publication highlights the issues under consideration in the revision of this standard and other current projects.

October 19, 2017

International Activity

Final Amendments – Prepayment Features with Negative Compensation (Amendments to IFRS 9)

The International Accounting Standards Board (IASB) has issued narrow-scope amendments to IFRS 9 Financial Instruments clarifying the accounting for financial assets with prepayment features that may result in negative compensation. The amendments are effective for annual periods beginning on or after January 1, 2019 with earlier application permitted. The IASB has also amended the Basis for Conclusions for IFRS 9 to confirm the accounting for modifications or exchanges of financial liabilities measured at amortized cost that do not result in derecognition.

October 18, 2017

International Activity

Final Amendments – Long-term Interests in Associates and Joint Ventures (Amendments to IAS 28)

The International Accounting Standards Board has issued narrow-scope amendments to IAS 28 Investments in Associates and Joint Ventures, clarifying that an entity applies IFRS 9 Financial Instruments (including its impairment requirements) to long-term interests in an associate or joint venture to which the equity method is not applied.

October 10, 2017

International Activity

IFRS® Foundation Report – “Better Communication in Financial Reporting—Making disclosures more meaningful”

PotashCorp is one of six companies featured in a case study report published by the IFRS Foundation with before and after examples of how companies from different parts of the world have improved communication in their IFRS financial statements.

September 29, 2017

International Activity

Canadian Member Appointed – IASB® Transition Resource Group for IFRS 17 Insurance Contracts

Lesley Thomson, Vice President and Deputy Chief Actuary, Sun Life Financial, has been appointed a member of the IASB's Transition Resource Group.  The Group provides a public forum for stakeholders to share and discuss with the IASB, questions about the implementation of new IFRS 17.