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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 30, 2019

Resource, Guidance

Non-authoritative Guidance – System and Organization Controls (SOC) Engagements

This non-authoritative guidance is intended to provide a roadmap for practitioners who are engaged to conduct SOC attestation engagements under Canadian standards; or both Canadian and U.S. standards and/or international standards. Read the document to learn more.

August 29, 2019

Meeting Summary

AASB Decision Summary — August 29, 2019 Conference Call

The Board discussed its draft response to the IAASB’s Discussion Paper for Audits of Less Complex Entities and key issues related to Compilation Engagements. Read the summary for full details.

August 22, 2019

Document for Comment

AcSB Exposure Draft – Disclosure of Accounting Policies (Proposed amendments to IAS 1 and IFRS Practice Statement 2)

The AcSB has issued its Exposure Draft that corresponds to the IASB’s Exposure Draft on this topic. Stakeholders are encouraged to submit their comments by November 29, 2019.

August 16, 2019

News

AcSB Meeting Agenda – September 17-18, 2019

At its upcoming meeting the Board will consider matters regarding IFRS® Standards, standards for private enterprises, not-for-profit organizations, and due process, among others.

August 12, 2019

International Activity

New IPSASB Exposure Draft – Improvements to IPSAS, 2019

IPSASB released an Exposure Draft proposing minor amendments to IPSAS in order to address issues raised by stakeholders. Canadian stakeholders can send comments to IPSASB until September 30, 2019. Read the exposure draft for full details.

August 12, 2019

News

CPA Canada Webinar – Financial reporting by First Nations in 2019

Learn about financial reporting issues affecting First Nations and how public sector accounting standards evolve to address their unique needs. Register now and tune in on October 10, 2019 (English) at 12:30 p.m.

August 6, 2019

International Activity

IASB Exposure Draft – Disclosure of Accounting Policies (Proposed amendments to IAS 1 and IFRS Practice Statement 2)

The IASB has issued an Exposure Draft proposing amendments to IAS 1 Presentation of Financial Statements and IFRS Practice Statement 2 Making Materiality Judgements. Canadian stakeholders are encouraged to submit their comments to the IASB by November 29, 2019.

July 30, 2019

Meeting Summary

Not-for-Profit Advisory Committee Meeting Notes – July 30, 2019

At its recent meeting, the Committee discussed accounting for contributions and combinations, as well as research on the NFP sector, amendments to other frameworks, and the Public Sector Accounting Board’s (PSAB’s) Government NFP Strategy Consultation paper.

July 29, 2019

International Activity

IASB Exposure Draft – Deferred Tax related to Assets and Liabilities arising from a Single Transaction (Proposed Amendments to IAS 12)

The IASB has issued an Exposure Draft proposing amendments to IAS 12 Income Taxes. Canadian stakeholders are encouraged to submit their comments to the IASB by November 14, 2019.

July 25, 2019

News

Video – Experts Talk! New Insurance Standard featuring Darrel Scott, IASB member, and other experts from the financial reporting community

On July 18, 2019, Linda Mezon, AcSB Chair, moderated a panel discussion on IFRS 17. Watch the video recording and download the slides to learn more about the conversations around the proposed amendments to the standard.