News Listings

PSAB will soon initiate a project to review its standards on Contributions – part of our Government Not-for-Profit (GNFP) Strategy implementation plan. Did you know that the Accounting Standards Board (AcSB) currently has its Exposure Draft, “Contributions – Revenue Recognition and Related Matters” out for public comment? GNFPs interested in providing feedback have until September 30, 2023 to weigh in.

The IASB issued new disclosure requirements to enhance the transparency of supplier finance arrangements. Read our article to learn about the amendments and the types of transactions that are supplier finance arrangements.

The IASB published a Request for Information, “Post-implementation Review of IFRS 9 Financial Instruments—Impairment” on the impairment requirements in IFRS 9 and related disclosure requirements in IFRS 7 Financial Instruments: Disclosures. Respond directly to the IASB with your feedback by September 27, 2023. In addition, stay tuned for more information on our virtual roundtables happening this summer to help inform our Board’s response to the IASB.

To better meet stakeholders’ different reporting needs, we advanced our strategic commitment to exploring scaling the standards while maintaining our focus on key international and domestic projects. Read our Annual Report to learn more about our 2022-2023 activities and accomplishments.

How do new or amended IFRS^® Accounting Standards make their way into the CPA Canada Handbook – Accounting? Find out via this overview of the due process activities we completed in support of changes made to Part I of the Handbook in 2022.

The AcSB discussed Sustainability, Domestic Implications of International Tax Reform, Related Party Combinations, Pension Plans, and more. Read the Decision Summary for full details, including how stakeholders can provide feedback on these initiatives.

The IASB has issued amendments to IAS 12 Income Taxes. The amendments give companies temporary relief from accounting for deferred taxes arising from the Organisation for Economic Co-Operation and Development’s (OECD) international tax reform.

The Committee discussed Revenue, Reporting Controlled and Related Entities, Insurance Contracts with a Cash Surrender Value, and more. Read the meeting notes for full details.