News Listings

This article provides highlights from comment letters written by Boards and Councils responding to the IFRS Foundation Trustees Consultation Paper on Sustainability Reporting.

The AcSB Chair is pleased to share that current Vice-Chair Armand Capisciolto’s term has been extended by AcSOC for two years to 2023. This extension reflects Armand’s strong contribution to the Board’s work to date and ensures a broad base of continuity in leadership for the AcSB in the current uncertain environment as the Board embarks on the preparation of its next strategic plan. 

Former assistant auditor general Clyde MacLellan takes helm of the Public Sector Accounting Board, effective November 1, 2020 for a five-year term.

As a result of the unprecedented challenges of COVID-19, AcSOC held a special meeting on March 26, 2020 to deal with issues arising with PSAB’s decision to postpone its March 26-27, 2020 meeting. Read the full report for more information.

At its public meeting in Toronto, the Council discussed the activities of both the AcSB and PSAB and other related matters. The Council also discussed the Boards’ 2020-2021 annual plans. Read the full report for more information.

Are you interested in working with other prominent members of the Canadian business community on issues of public interest and financial reporting? If so, AcSOC wants to hear from you!  Learn more about the two roles available and apply by September 14, 2020.

PSAB is undergoing a leadership change. Current Chair, Charles-Antoine St-Jean, was named CPA Canada’s new President and CEO, effective July 20, 2020. Taking his place as interim Chair is current PSAB Vice-Chair, Clyde MacLellan. The search for a permanent Chair will commence shortly.

How do you ensure the relevance and credibility of financial reporting while navigating pervasive global issues? It is a discussion taking place across the profession, the country, and internationally as we try to understand what these megatrends mean for standard setting. Read more about the work we did over the past year and our oversight of the AcSB and PSAB.