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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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July 17, 2018

International Activity

IAASB Exposure Draft – Identifying and Assessing the Risks of Material Misstatement (Proposed amendments to ISA 315)

The International Auditing and Assurance Standards Board (IAASB) issued an Exposure Draft proposing changes to ISA 315 that could drive more consistent and effective identification and assessment of the risks of material misstatement. Stakeholders are invited to comment by November 2, 2018.

July 4, 2018

International Activity

IASB Discussion Paper – Financial Instruments with Characteristics of Equity

The IASB has issued a Discussion Paper that explores improvements to IAS 32 Financial Instruments: Presentation for financial instruments that have characteristics of both a liability and equity. Canadian stakeholders are encouraged to provide feedback directly to the IASB by January 7, 2019.

July 3, 2018

International Activity

Canadian Appointment – IFRS® Interpretations Committee

We are pleased to share that Guy Jones, partner in the Toronto office of EY’s professional practice group and Vice-Chair of the AcSB’s IFRS Discussion Group, was appointed to the IFRS Interpretations Committee for a three-year term starting July 1, 2018. The IFRS Interpretations Committee responds to questions from stakeholders about the application of IFRS Standards.

June 25, 2018

International Activity

June 25, 2018

International Activity

IPSASB Exposure Draft 65 – Improvements to IPSAS, 2018

IPSASB issued Exposure Draft 65 proposing general improvements to IPSAS based on stakeholder feedback, and IFRS®convergence amendments. Canadian stakeholders can send comments to IPSASB until July 15, 2018.

June 4, 2018

Meeting Summary

PSA Discussion Group – Report on June 4, 2018 Livestreamed Meeting

Read the report for details about the discussions of: PSAB’s conceptual framework and reporting model proposals, public liability claims, municipal off-site lot levies, and PSAB’s decision model for choosing a new international strategy.

April 20, 2018

Resource, Other

New! AcSB Standard-setting Due Process Manual

Our revised due process manual provides you a clear explanation of our IFRS® Standards endorsement and domestic standard-setting activities. We use plain language, simplified content, and visuals, to ensure the rigorous set of procedures we undertake to set standards is easy for you to understand.

April 9, 2018

International Activity

Final Concepts – IASB® issues revised Conceptual Framework for Financial Reporting

The IASB has issued a revised Conceptual Framework for Financial Reporting to replace the Conceptual Framework issued in 2010.  The revised Conceptual Framework is effective immediately for the IASB, and from January 1, 2020 for entities, with early application permitted.

April 4, 2018

International Activity

IASB® Exposure Draft – Accounting Policy Changes (Proposed Amendments to IAS 8)

The IASB issued an Exposure Draft proposing amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors. Canadian stakeholders are encouraged to submit comments to the IASB by July 27, 2018.

February 21, 2018

Meeting Summary

IFRS® Discussion Group Meeting Report – January 10, 2018

The Group discussed topics such as cryptocurrency, cloud computing, leases, and when to apply the clarifications for modifications or exchanges of financial liabilities. Read about the views expressed on these topics for helpful tips.