News Listings

The Committee held a meeting on February 7, 2024, and discussed revenue – upfront non-refundable fees or payments, financial statement concepts, climate-related risks and opportunities, and more. Read the meeting notes for full details!

At this upcoming meeting, the AcSB will discuss Cash Flow Reporting, Business Combinations – Disclosures, Goodwill and Impairment, the IFRS^® Accounting Standards Discussion Group, Guidance, and more. Read the agenda for full details.

The AcSB discussed Business Combinations, Cash Flow Reporting, recommendations from the IFRS® Accounting Standards Discussion Group, its Guidance Framework, and more. Read the Decision Summary for full details, including how you can provide feedback on these initiatives.

The AcSB issued its Exposure Draft, “Financial Instruments with Characteristics of Equity,” which corresponds to the IASB’s Exposure Draft on this topic. If you would like your feedback considered prior to our Board finalizing our comment letter, please respond to us by March 1, 2024.

The AcSB discussed Contributions, Subsequent Measurement of Goodwill and Acquired Intangible Assets, Scaling the Standards, the AcSB’s Annual Plan, and more. Read the Decision Summary for full details, including how you can provide feedback on these initiatives.

The Committee discussed Contributions, Recognition of intangible assets and amortization of goodwill and more. Read the meeting notes for full details.

Are you an accounting academic with an in-depth knowledge of research and theoretical concepts relevant to accounting standards? Want to help bridge the gap between academic research and accounting standard setting? If so, the AcSB needs you on its Academic Advisory Committee! Apply by February 23, 2024. 

Representatives of the Accounting Standards Board (AcSB) of Canada and the Accounting Standards Board of Japan (ASBJ) held their fifth bilateral meeting on January 8 and 9, 2024 in Montreal, Canada. The Boards provided updates on their respective activities and discussed agenda items in which both Boards have interest, such as power purchase agreements and climate-related and other uncertainties in the Financial Statements. Read the press release, available in English. 

Are you part of the financial statement user community? Do you value decision-useful and reliable financial information? We want to hear from you! Help the AcSB better understand how users of financial statements make informed decisions. Apply to be a new member of the User Advisory Committee by February 29, 2024!

On December 5, 2023, the AcSB responded to the IASB’s Exposure Draft, “Annual Improvements to IFRS Accounting Standards—Volume 11,” issued in September 2023. The AcSB’s letter expressed that overall, the proposed amendments will help address application challenges and improve the consistency of the application of the respective IFRS Accounting Standards. Read our letter to find out more!

Please note: this letter is posted on an external website; if you need an accessible version, please email us at [email protected].