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Are you a preparer, director, practitioner, investor or contributor who reports, oversees, assesses or uses performance measures? Watch the webinar to learn how you can help improve the quality of performance measures by leveraging this Framework.

The IAASB issued an interim Consultation Paper, including the first part of draft guidance for practitioners applying ISAE 3000 (Revised), Assurance Engagements Other than Audits of Reviews of Historical Financial Information to EER assurance engagements. This interim paper will assist the IAASB to develop guidance that they are working to publish in the second phase of this project. Stakeholders are encouraged to respond to the IAASB by July 21, 2019.

The IAASB released its Proposed Strategy for 2020-2023 and Work Plan for 2020-2021. The Work Plan highlights the IAASB’s commitment to completing significant projects currently underway, while balancing the needs of all stakeholders. Stakeholders are encouraged to respond to the IAASB by June 4, 2019.

The Board discussed topics such as Agriculture, Financial Statement Concepts, Employee Future Benefits, Combinations and Financial Instruments – Hedging, among others.

The Board discussed several topics during this two-day meeting, including Identifying and Assessing the Risk of Material Misstatement, Public Sector Auditing Standards, Compilation Engagements, and the AASB’s 2019-2020 Annual Plan. Read the Decision Summary for full details.

This At-a-Glance provides an overview of the changes the IAASB made to ISA 540, Auditing Accounting Estimates and Related Disclosures, and related conforming and consequential amendments.

At its recent meeting in Toronto, the Council discussed the activities of the AcSB, PSAB, and other related matters. The Council also heard an update on the activities of its Performance Review Committee and its Nominating and Governance Committee. Read the full report for more information.

On January 15, 2019, the AcSB responded to the International Accounting Standards Board’s (IASB) Discussion Paper, “Financial Instruments with Characteristics of Equity”, which seeks to address the current application challenges with IAS 32 Financial Instruments: Presentation. Read our letter to understand the matters we raised to the IASB for further consideration.

The Group discussed topics such as 2019 interim disclosure considerations related to IFRS 16, credit enhancements and related party loans. Read about the views expressed by Group members for helpful tips and stay up-to-date on past issues such as accounting for asset retirement obligations.

The Board discussed topics such as narrow scope amendments to the income taxes and investments standards, and Financial Instruments – Hedging, among others.