News Listings

AcSOC is pleased to announce the appointments and reappointments for the AcSB and PSAB. We also wish to thank those retiring for their dedicated service. Read the appointments page for full details.

Representatives of the UKEB and AcSB held a bilateral meeting on March 26, 2024, in London. The Boards shared updates on their respective activities and discussed topics like rate-regulated activities, IFRS 18, IFRS 19 and carbon credits. The discussions were a helpful step towards developing a bilateral understanding of the challenges facing the two boards and finding areas of common interest. 

Focused on meeting the evolving needs of Canadians, the AcSB’s core strategies will continue to enhance the relevance of financial and non-financial reporting information. We will advance multiple projects in our workplan including implementing a framework to respond to requests for additional guidance, conducting a review of ASPE, and researching emerging areas. Read our Annual Plan to understand how we plan to deliver on these priorities.

The IASB has published an Exposure Draft, “Business Combinations – Disclosures, Goodwill and Impairment,” which proposes amendments to IFRS 3 Business Combinations and IAS 36 Impairment of Assets. Respond directly to the IASB with your feedback by July 15, 2024. In addition, stay tuned for opportunities to participate in our consultation activities, and help inform our response to the IASB.

The Not-for-Profit Advisory Committee discussed Contributions, financial statement concepts, Revenue, guidance, and more. Read the meeting notes for full details.

The IFRS Accounting Standards Discussion Group wants to hear about the challenges you face when applying IFRS Accounting Standards. Submit your issue by March 15, 2024, for consideration as a discussion topic at our May 14, 2024, meeting.

The Committee held a meeting on February 7, 2024, and discussed revenue – upfront non-refundable fees or payments, financial statement concepts, climate-related risks and opportunities, and more. Read the meeting notes for full details!

The Accounting Standards Oversight Council met on February 27, 2024, to discuss the Public Sector Accounting Board’s and the Accounting Standard Board’s activities and related matters. Read the full report for more information.