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Call for Applications: Standardsco Chair and Board of Directors

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Standardsco, a newly established federal not-for-profit corporation, will be formed in response to the recommendations of the Independent Review Committee on Standard Setting in Canada. The Standardsco Search Committee is currently seeking qualified individuals to join our Inaugural Board of Directors, including the pivotal role of Chair. In partnership with the leadership advisory firm Odgers Berndtson, the Standardsco Search Committee encourages interested candidates to apply promptly.

Apply now

Virtual Roundtable Discussions – IPSASB Exposure Drafts – Tangible Natural Resources and Climate-related Disclosures

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Register for our virtual roundtables on IPSASB’s recent Exposure Drafts on Tangible Natural Resources and Climate-related Disclosures on November 27 and December 2, 2024. Share your feedback and help shape the future of public sector accounting and reporting in Canada.

Register

 
 
Feedback Statement – Criteria for Modification, CSDS 1 and CSDS 2

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The CSSB's Feedback Statement summarizes the responses received from its extensive public consultation on Canada’s first-ever sustainability disclosure standards. Read about who responded and what they said. Stay tuned for a separate report based on Indigenous participation and feedback related to Indigenous matters.

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News Listings

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August 15, 2023

Meeting Summary

AASB Decision Summary – August 15, 2023

The Board reviewed a draft response letter to the IAASB’s Exposure Draft, ISA 570, Going Concern and discussed comments received on the AASB’s Exposure Draft of CAS 570, Going Concern. Read the decision summary for more details.

August 15, 2023

Resource, Other

Section 3465, Income Taxes – International Tax Reform – Pillar Two Model Rules

Read our In Brief on Section 3465, Income Taxes – International Tax Reform – Pillar Two Model Rules. We discuss how entities that apply Part II may be impacted by the Pillar Two Model rules issued by the Organisation for Economic Development (OECD).

August 3, 2023

News

“Standard setting is a key public interest activity” – A message from our Oversight Council Chairs

Ensuring that standard setting in Canada is adequately resourced and the activities of the AcSB, the AASB, PSAB and the CSSB continue without disruption is of utmost importance, write the Chairs of AASOC and AcSOC, Kevin Nye and Lorraine Moore.


July 27, 2023

News, Volunteer Opportunity

Volunteer Opportunity – Public Sector Accounting Board

Are you interested in driving public sector accounting standard-setting in Canada? Do you want to help ensure that these standards are set in the public interest? If so, PSAB has a great opportunity for you! Learn more about the role and apply by September 30, 2023.

July 26, 2023

Meeting Summary, Webpage

Private Enterprise Advisory Committee Notes – July 26, 2023

The Committee held a meeting on July 26, 2023, and discussed Insurance Contracts with Cash Surrender Value, Upfront Non-refundable Fees or Payments, Scaling the Standards, and more. Read the meeting notes for full details!

July 25, 2023

International Activity

AcSB Response – Amendments to the Classification and Measurement of Financial Instruments Exposure Draft

On July 17, 2023, the AcSB responded to the IASB Exposure Draft, “Amendments to the Classification and Measurement of Financial Instruments.” In our response letter, we were broadly supportive of the amendments outlined in the Exposure Draft. However, we recommended that the IASB clarify or provide additional application guidance for several of its proposals and give additional flexibility on the proposed criteria associated with the derecognition of financial liabilities paid using an electronic payment system. Read our letter for more on the matters we raised to the IASB for further consideration.

July 25, 2023

Meeting Summary

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July 25, 2023

Meeting Summary

Not-for-Profit Advisory Committee Meeting Notes – July 25, 2023

The Committee discussed Contributions, Reporting Controlled and Related Entities, Scaling the Standards, and more. Read the meeting notes for full details.

July 25, 2023

News

Volunteer Opportunity – Accounting Standards Board

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.


July 25, 2023

Volunteer Opportunity, PSAB, News

Volunteer Opportunity – Public Sector Accounting Board

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.