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The AASB discussed issues related to the project to develop a Canadian Standard on Related Services (CSRS) on compilations of future-oriented financial information that will replace AuG-16, Compilation of a Financial Forecast or Projection and held an education session on Sustainability Assurance. Read the Decision Summary for full details. 

This past year, AcSOC remained flexible to tackle new challenges in the standard-setting space. Together with our partners, we are looking forward to building a sustainable future. Read our Annual Report 2022-2023 to learn more about the work we did, including our oversight of the AcSB and PSAB. 

The IASB published a Request for Information, “Post-implementation Review of IFRS 9 Financial Instruments—Impairment” on the impairment requirements in IFRS 9 and related disclosure requirements in IFRS 7 Financial Instruments: Disclosures. Respond directly to the IASB with your feedback by September 27, 2023. In addition, stay tuned for more information on our virtual roundtables happening this summer to help inform our Board’s response to the IASB.

To better meet stakeholders’ different reporting needs, we advanced our strategic commitment to exploring scaling the standards while maintaining our focus on key international and domestic projects. Read our Annual Report to learn more about our 2022-2023 activities and accomplishments.

Building from the groundwork of our 2022-2027 Strategic Plan, PSAB has continued working to strengthen the foundation of Canadian public sector accounting standards, successfully completing several key strategic initiatives. Read about PSAB’s 2022-2023 activities and accomplishments in this year’s Annual Report.

The Council met on June 1-2, 2023, to discuss the activities of the AcSB, PSAB, and related matters. Read the full report for more information.

How do new or amended IFRS^® Accounting Standards make their way into the CPA Canada Handbook – Accounting? Find out via this overview of the due process activities we completed in support of changes made to Part I of the Handbook in 2022.

The Board recently submitted feedback on the IAASB’s Proposed Strategy and Work Plan for 2024-2027. Read the response letter to learn more.

Share your views on the AASB’s Exposure Draft, “Proposed Amendments to CAS 570, Going Concern”. Read the full proposed standard and the related conforming and consequential amendments, and respond to the Exposure Draft by July 31, 2023.