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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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March 17, 2021

News

Media Release – New Chair Appointed to the Auditing and Assurance Standards Board

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.

March 16, 2021

Meeting Summary

Private Enterprise Advisory Committee Notes – February 17, 2021

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

March 15, 2021

Document for Comment

AcSB Exposure Draft – Regulatory Assets and Regulatory Liabilities

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.

March 15, 2021

News

Appointments – AcSOC, the AcSB and PSAB

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.

March 15, 2021

News

Appointments – AcSOC, the AcSB and PSAB

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.

March 11, 2021

News

Webinar – Exploring PSAB’s Exposure Draft, “Financial Statement Presentation, Proposed Section PS 1202”

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. 

March 9, 2021

International Activity

IAASB Exposure Draft – Conforming and Consequential Amendments to the IAASB’s Other Standards as a Result of the New and Revised Quality Management Standards

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.

March 9, 2021

Meeting Summary

PSAB Decision Summary – March 9, 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.

March 8, 2021

International Activity

IESBA Exposure Draft – Proposed Revisions to the Definitions of Listed Entity and Public Interest Entity in the Code

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.

March 8-9, 2021

Meeting Summary

AASB Decision Summary – March 8-9, 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.