News Listings

At its May 19, 2022, meeting, the Group discussed Special Purpose Acquisition Companies (SPAC): Accounting for Warrants at Acquisition, Financial Reporting Considerations of Hybrid Work Arrangements, IFRS 17: Matters for Non-insurance Entities, and more. Read the meeting report for full details.

Sustainability standard setting is at a pivotal juncture, with the first draft standards issued for public comment by the ISSB. Watch our 15-minute, on-demand webinar for an overview of the ISSB and their inaugural Exposure Drafts, the different ways you can participate in this consultation period to inform Canada’s response, and how to stay up to date on the latest developments on sustainability standards.

As the pace of progress in sustainability disclosures continues to accelerate, the Accounting Standards Oversight Council (AcSOC) and Auditing and Assurance Standards Oversight Council (AASOC) mutually approved the formation of the Canadian Sustainability Standards Board (CSSB). Read the media release to learn more about what this means for Canada.

The AcSB discussed IFRS Interpretations Committee’s Tentative Agenda Decisions, Contributions, Revenue, Insurance and more. Read the Decision Summary for full details, including how stakeholders can provide feedback on these initiatives.

How do new or amended IFRS^® 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 2021.

Long-time Canadian Accounting Standards Board (AcSB) Chair Linda Mezon-Hutter, FCPA, FCA, CPA (MI), CGMA will be joining the International Accounting Standards Board (IASB) as a member in September 2022. Read the media announcement.

The Committee discussed Contributions, Cloud Computing Arrangements, Revenue, and much more. Read the meeting notes for full details.

The Board discussed Revenue, Sustainability Reporting, Crypto-Asset Activities, AcSB’s Performance Report, and more. Read the Decision Summary for full details, including how stakeholders can provide feedback on these initiatives.

The PEAC held a meeting on May 10, 2022, and discussed the AcSB’s Exposure Draft on Cloud Computing Arrangements, Accounting for Related Party Combinations research project, a Revenue application issue, and more. Read the meeting notes for full details.

In response to the evolving needs of our stakeholders, we made headway on key domestic projects, influenced global discussions, and built a foundation for the future. Read our Annual Report to learn more about our 2021-2022 activities and accomplishments.