News Listings

Are you interested in contributing to accounting standard-setting in Canada? If so, we want to hear from you! Learn more about the available volunteer role on our Board and apply by September 15, 2023.

Are you interested in contributing to accounting standard-setting in Canada? If so, we want to hear from you! Learn more about the available volunteer role on our Board and apply by September 15, 2023.

The AcSB is performing research to better understand and consider accounting for crypto-asset activities. The goal of our research is to identify what constitutes decision-useful information to financial statement users. Read about how we plan to bring awareness to crypto-asset accounting issues and advance evidence-informed standard setting conversations on this topic. Our first paper, “Accounting for Crypto-asset Activities: Crypto-asset Holdings – Payment Tokens,” is out now.

Are you interested in being at the forefront of the development of Canadian assurance standards that are fit for purpose and in the public interest? If so, the AASB has a great opportunity for you! Learn more about the role and apply by September 15, 2023.

The AcSB discussed Sustainability, the Post-implementation Review of IFRS 15 Revenue from Contracts with Customers, progress on its Annual Plan, and more. Read the Decision Summary for full details, including how you can provide feedback on these initiatives.

The International Auditing and Assurance Standards Board unanimously approved the draft International Standard on Sustainability Assurance (ISSA) 5000, General Requirements for Sustainability Assurance Engagements, for public consultation. The consultation will be open from early August until early December 2023. Read more details on the proposed ISSA. 

Could changing existing accounting standards through scaling better meet the needs of entities of all sizes and those who use them? Share your experience and help the AcSB decide on the direction for this project. Public sector entities have until July 31, 2023, to weigh in.

The IFRS Accounting Standards Discussion Group wants to hear about the challenges you face when applying IFRS Accounting Standards. Submit your issue by July 19, 2023, for consideration as a discussion topic at our September 19, 2023, meeting.

The IASB published a Request for Information, “Post-implementation Review of IFRS 15 Revenue from Contracts with Customers.” Respond directly to the IASB with your feedback by October 27, 2023. In addition, stay tuned for more information on our upcoming virtual roundtables to help inform the Board’s response to the IASB.

The Council met on July 6, 2023, to discuss the activities of the AASB and related matters. Read the meeting minutes for more information.