Skip to main content

Top Stories

 
 
Call for Applications: Standardsco Chair and Board of Directors

Close up of hands typing on a laptop

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

Birds eye view of an abstract landscape made up of trees and water

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

A glass globe sitting on top of grass

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.

Read more

News Listings

to

January 9, 2023

International Activity

Canada appointed as inaugural member of global Sustainability Standards Advisory Forum

Canada was appointed as one of 13 jurisdictions and regions from around the world to form the new Sustainability Standards Advisory Forum (SSAF). The SSAF will work with the International Sustainability Standards Board (ISSB) towards a comprehensive global baseline of sustainability-related disclosure for capital markets.

January 5, 2023

Meeting Summary

Now Available! Meeting Report from PSA DG Meeting – November 10, 2022

Topics discussed include cloud computing, carbon credits, statement of cash flows, Public Sector Accounting (PSA) Handbook issue, and more. Read the Meeting Report for full details.

January 5, 2023

Meeting Summary

Now Available! Meeting Report from PSA DG Meeting – November 10, 2022

Topics discussed include cloud computing, carbon credits, statement of cash flows, Public Sector Accounting (PSA) Handbook issue, and more. Read the Meeting Report for full details.

December 20, 2022

Meeting Summary

PSAB Decision Summary – December 1-2, 2022

The Board discussed the update from the Public Sector Accounting Discussion Group meeting, 2022-2023 Annual Improvements project, Financial Statement Presentation Standard (“Reporting Model”), the Government Not-for-Profit Strategy, and other matters. Read the Decision Summary for full details.

December 19, 2022

International Activity

Former AcSB leader Linda Mezon-Hutter appointed as IASB Vice-Chair

Former Canadian Accounting Standards Board (AcSB) Chair Linda Mezon-Hutter, who joined the International Accounting Standards Board (IASB) as member in September 2022, was appointed as the new IASB Vice-Chair. Effective January 1, 2023, this appointment comes at a pivotal time as connectivity between accounting and sustainability disclosure standards is built – both globally and in Canada.

December 15, 2022

Meeting Summary

AcSB Decision Summary – December 14-15, 2022

The AcSB discussed Contributions, Strategic Research, Insurance Contracts with Cash Surrender Value, the Annual Plan, and more. Read the Decision Summary for full details, including how stakeholders can provide feedback on these initiatives.

December 13, 2022

International Activity

Amendments to IAS 1 and the Impact on the ISAs: Disclosure of Material Accounting Policy Information

The International Auditing and Assurance Standards Board published guidance to help users understand the impact of revisions to International Accounting Standard (IAS) 1, Presentation of Financial Statements on International Standards on Auditing (ISAs). The AASB also revised the Canadian Auditing Standards (CASs) and will issue guidance on those changes to the CASs in early 2023.

December 13, 2022

Webinar, Resource

On-demand Webinar – Exposure Draft – CAS 500, Audit Evidence

Are you interested in hearing about the proposed changes to CAS 500, Audit Evidence? Watch the recorded webinar, hosted by CPA Canada, to learn about the subject from members of the AASB’s Audit Evidence Advisory Group.

December 12, 2022

Resource, Other

IAS 1 Presentation of Financial Statements – Additional disclosure considerations for companies engaging in crypto-asset activities

Is your company engaged in crypto-asset activities? Are there additional disclosures to consider beyond the specific requirements in IFRS Accounting Standards? Read this easy-to-understand resource to support your financial statement preparation process.

December 5, 2022

Meeting Summary

IFRS® Discussion Group Meeting Report – December 5, 2022

The Group discussed the Impact of Climate-related Risk on Financial Statements, Special Purpose Acquisition Companies (SPAC): Accounting for Warrants at Acquisition, the Canadian Interest Rate Benchmark Reform: Cessation of Canadian Dollar Offer Rates (CDOR), and more. Read the meeting report for full details!