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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 19, 2020

International Activity

IASB votes to defer the effective date of IFRS 17 by two years

The IASB voted to defer the effective date of IFRS 17 to annual reporting periods beginning on or after January 1, 2023. It also voted to extend the temporary exemption of applying IFRS 9 by two years to keep the effective dates aligned. The AcSB welcomes these decisions as they support achieving a common global adoption date. The AcSB encourages Canadian stakeholders to continue with their implementation efforts to ensure a high-quality implementation of IFRS 17.

March 17, 2020

Meeting Summary

AcSB Decision Summary – March 3-4, 2020

The Board discussed topics such as IFRS Standards, employee future benefits, related party transaction, standards for pension plans, and its next strategic plan, among others. Read the Decision Summary for full details.

March 10, 2020

News

Handbook Update – Section 4250, Future Oriented Financial Information to be retained 

Part of the non-authoritative guidance that was removed from Part V on March 1, 2020 was Section 4250, Future Oriented Financial Information. This guidance continues to be relevant to private enterprise financial statement preparers and practitioners, so it will be retained in the Handbook. Read more about this update.

March 10, 2020

News

Handbook Update – Section 4250, Future Oriented Financial Information to be retained 

Part of the non-authoritative guidance that was removed from Part V on March 1, 2020 was Section 4250, Future Oriented Financial Information. This guidance continues to be relevant to private enterprise financial statement preparers and practitioners, so it will be retained in the Handbook. Read more about this update.

March 9-10, 2020

Meeting Summary

AASB Decision Summary — March 9-10, 2020

The Board discussed Agreed-upon Procedures, Quality Management, Public Sector Auditing Standards and its Draft Strategic Plan for 2022-2025, among other topics. It also approved its 2020-2021 Annual Plan. Read the Decision Summary for full details.

March 9, 2020

News

Appointments – AASOC and the AASB

We are pleased to announce new members and re-appointed members, and thank those retiring, to both the Council and the AASB. See the appointments page for full details.

March 9, 2020

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 9, 2020

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 9, 2020

News

Appointments – AASOC and the AASB

We are pleased to announce new members and re-appointed members, and thank those retiring, to both the Council and the AASB. See the appointments page for full details.

February 27, 2020

Meeting Summary

AcSB Decision Summary – February 18, 2020

The Board discussed topics such as contributions, ASPE implementation, and its next strategic plan, among others.