News Listings

AASOC is pleased to announce it has approved the appointment of Bob Bosshard, CPA, CA, ICD.D, as the new chair of the AASB. Bob will begin his three-year term as the AASB chair on July 1, 2021. Read more about his background and how it will serve the AASB as it navigates through this pivotal time.

At its recent meeting, the Committee discussed cloud computing arrangements, interest rate benchmark reform and amendments to other frameworks.

The AcSB has issued its Exposure Draft that corresponds to the IASB’s Exposure Draft on this topic. Canadian stakeholders are encouraged to submit their comments by June 30, 2021.

We are pleased to announce new members and re-appointed members, and thank those retiring, to the Council, the AcSB and PSAB. See the appointments page for full details.

We are pleased to announce new members and re-appointed members, and thank those retiring, to the Council, the AcSB and PSAB. See the appointments page for full details.

Learn more about key proposals in PSAB’s Exposure Draft “Financial Statement Presentation, Proposed Section PS 1202.” Watch the recorded English webinar or tune in live on March 31, 2021 for the French webinar. 

The IAASB issued an Exposure Draft proposing conforming amendments to International standards to avoid inconsistencies with the new and revised quality management standards. Canadian stakeholders are encouraged to respond to the IAASB with a copy to the AASB by May 24, 2021.

At its recent meeting, the Board discussed the International Strategy project and updates to the GAAP hierarchy. Read the Decision Summary for full details.

The International Ethics Standards Board for Accountants (IESBA) issued an Exposure Draft proposing revisions to the definitions of “listed entity” and “public interest entity” in the Code. These revisions may have implications for International Standards on Auditing. Canadian stakeholders are encouraged to respond to the IESBA with a copy to the AASB by May 3, 2021.

The Board discussed issues related to the IAASB’s project on Audit Evidence, Audits of Less Complex Entities, Group Audits, and Extended External Reporting. It received an update on internal activities and next steps to respond to the evolving needs of stakeholders for assurance on information beyond the financial statements. The Board also reviewed the assumptions and process for developing the 2021-2022 Annual Plan.