FRASCanada
September 14-15, 2022
Meeting Summary
The AcSB discussed Contributions, Cloud Computing Arrangements, Related Party Combinations, Reporting Controlled and Related Entities, Sustainability, Pension Plans, and more. Read the Decision Summary for full details, including how stakeholders can provide feedback on these initiatives.
September 13, 2022
News, Resource, Article
The AASB has provided an update on its progress to finding a solution for practitioners in applying Canadian Auditing Standards to audits of less complex entities. Read the Report for full details.
August 25, 2022
Document for Comment
PSAB is embarking on its Future Work Plan Consultation to gather input on the projects it should take on, to help fulfill the strategies identified in its Strategic Plan 2022-2027. Read the Consultation Paper and provide your input via our Survey.
August 24, 2022
The Committee discussed Contributions, Cloud Computing Arrangements, and more. Read the meeting notes for full details.
August 15, 2022
International Activity
AcSOC and AASOC formulated their response to the ISSB’s “General Sustainability-related Disclosures” Exposure Draft, using feedback gathered from an extensive cross-section of Canadian stakeholders through various forums. Read our comment letter for Canada’s response to the Exposure Draft which includes feedback to issues such as: the overall approach to sustainability-related risks and opportunities disclosure, objectives and definition of sustainability-related financial information, materiality, global baseline, frequency of reporting, and more.
AcSOC and AASOC formulated their response to the ISSB’s “Climate-related Disclosures” Exposure Draft, using feedback gathered from an extensive cross-section of Canadian stakeholders through various forums. Read our comment letter for Canada’s response to the proposed objective of the Exposure Draft, requirements for identifying climate-related risks and opportunities, scenario analysis, transition plans and carbon offsets and more.
August 10, 2022
The AcSB discussed Contributions, Cloud Computing Arrangements, Pension Plans, Sustainability, and more. Read the Decision Summary for full details, including how stakeholders can provide feedback on these initiatives.
August 9, 2022
PSAB wants your feedback on Exposure Draft – 2022-2023 Annual Improvements to Public Sector Accounting Standards, which outlines the proposed amendments to the CPA Canada Public Sector Accounting (PSA) Handbook or Statements of Recommended Practices (other guidance). Submit your comments by October 11, 2022.
Share your views on the AASB Exposure Draft – Proposed Narrow-scope Amendments to CAS 700, Forming an Opinion and Reporting on Financial Statements, and CAS 260, Communication with Those Charged with Governance. Submit your comments by September 16, 2022. For full details, visit the Document for Comment page.