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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 12, 2020

Meeting Summary

AcSB Decision Summary – July 28, 2020

The Board discussed topics such as Primary Financial Statements, Leases, Insurance Contracts – plus much more. Read the Decision Summary for full details.

August 6, 2020

Meeting Summary

Not-for-Profit Advisory Committee Notes – July 21, 2020

At its recent meeting, the Committee discussed a number of topics including financial reporting issues related to the COVID-19 pandemic, cloud computing arrangements, and combinations.

August 6, 2020

International Activity

IAASB issues Auditor Reporting Post Implementation Review Survey

The IAASB Auditor Reporting Implementation Working Group issued an online survey for stakeholders to provide input regarding the enhanced Auditor Reporting Standards. The AASB encourages all stakeholder groups to participate and share their views!

August 4, 2020

Meeting Summary

Private Enterprise Advisory Committee Notes – July 22, 2020

At its recent meeting, the Committee discussed the 2020 Annual Improvements, related party transactions, and cloud computing arrangements.

August 1, 2020

Meeting Summary

AcSOC Public Meeting Report – February 20-21, 2020

At its public meeting in Toronto, the Council discussed the activities of both the AcSB and PSAB and other related matters. The Council also discussed the Boards’ 2020-2021 annual plans. Read the full report for more information.

July 30, 2020

News

Notice of Intent – Extension of PSAB’s 2017–2021 Strategic Plan

PSAB extended the end date of its current 2017–2021 Strategic Plan by one year to March 2022. This will provide the Board with more time to review and assess the impacts of COVID-19 on its strategic direction. Comments on this extension can be submitted by September 30, 2020.

July 30, 2020

News

Update – PSAB’s Employment Benefits Project

PSAB approved a revised Employment Benefits project plan at the June 26, 2020 meeting. This approval comes following thorough consideration of how to respond to our stakeholders’ most pressing needs in the best way. Read this article to find out details on the new project plan, and what’s next for our stakeholders.

July 28, 2020

Resource, Guidance

Potential Impact on Lease Accounting (UPDATED)

The COVID-19 pandemic is affecting the ability of organizations to collect and pay rent and other lease obligations. This means companies should use professional judgement and consider the potential implications that COVID-19 could have relating to the accounting for leases under IFRS 16 Leases.

July 27, 2020

Meeting Summary

AASOC Public Meeting Report – March 25, 2020

During a virtual meeting, the Council discussed the activities of the AASB and other related matters. The Council also received an update on the activities of its Performance Review Committee. Read the full report for more information.

July 24, 2020

International Activity

Update – IASB defers effective date of Amendments to IAS 1

On July 15, 2020 the IASB issued an amendment to defer the effective date of Classification of Liabilities as Current or Non-current (Amendments to IAS 1) by one year. The AcSB will complete its endorsement process to incorporate the amendment into Part I of the CPA Canada Handbook – Accounting.