AcSB

Accounting Standards Board

About the AcSB

The Accounting Standards Board (AcSB) is an independent body with the authority to establish accounting standards for use by all Canadian entities outside the public sector. We serve the public interest by establishing standards for financial reporting by all Canadian private sector entities and by contributing to the development of internationally accepted financial reporting standards.

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IFRS® Accounting Standards Discussion Group Meeting – December 3, 2024

At its upcoming meeting, the Group will discuss IFRS 9 Financial Instruments, focusing on accounting for debt modifications amid falling interest rates, along with various year-end financial reporting reminders. Don’t miss out on the latest IFRS news! Register now to observe our meeting via livestream.

What You Need to Know about Effects of Climate-related Risks and Opportunities on ASPE Financial Statements: Awareness Document

Climate change is impacting businesses worldwide, bringing challenges to both operations and financial reporting. The AcSB is releasing a series of awareness documents, developed to help organizations in navigating climate-related matters using ASPE standards, for improved financial reporting.

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Upcoming meetings & events

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December 9 - January 15, 2025 Virtual Roundtable Discussions – IASB Exposure Draft, “Provisions – Targeted Improvements” December 9, 2024 – 1:00 p.m. - 2:30 p.m. EST January 15, 2025 – 1:00 p.m. - 2:30 p.m. EST

Join the AcSB for a virtual roundtable discussion (in English) to learn about the IASB’s Exposure Draft, “Provisions – Targeted Improvements.” Don’t miss this chance to share your feedback directly with us to help inform our response to the IASB. Register now to save your spot!

Meeting & event summaries

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October 28, 2024 Pension Plan Advisory Committee Notes – October 28, 2024

The Committee discussed Part IV Priorities, Improvements to Presentation and Disclosure of Investments for Pension Plans, an Application Question, Strategic Research on Evaluating the Preface, and more.

October 21-22, 2024 Not-for-Profit Advisory Committee Notes – October 21-22, 2024

The Not-for-Profit Advisory Committee discussed Contributions, Reporting Controlled and Related Entities, Detailed Review of Accounting Standards for Private Enterprises, Financial Statement Concepts, and more.

October 16, 2024 AcSB Decision Summary – October 16, 2024

The AcSB discussed the Equity Method, Related Party Combinations, Climate-related and Other Uncertainties in Financial Statements, the Annual Plan, and more. Read the Decision Summary for full details.

News

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December 9 - January 15, 2025 Meeting, News

Virtual Roundtable Discussions – IASB Exposure Draft, “Provisions – Targeted Improvements”

November 8, 2024 News, Volunteer Opportunity

Volunteer Opportunity – AcSB Advisory Committees

Are you interested in helping shape accounting standards for private enterprises and/or not-for-profit organizations in Canada? The Accounting Standards Board (AcSB) is looking for new members to join its advisory committees! Apply to be a member of the Private Enterprise Advisory Committee, the Not-for-Profit Advisory Committee, or the Medium and Small Practitioners Advisory Committee (formerly Small Practitioners Working Group) by December 15, 2024.

November 6-12, 2018 Resource, Meeting

On-demand Webinar – Domestic Accounting Standards Update (Fall 2024)

Are you a Canadian private enterprise, not-for-profit organization, pension plan, an advisor to one, or a user of their financial statements? Register for our upcoming webinar to learn about current accounting standards projects and recent amendments in Parts II, III, and IV of the CPA Canada Handbook – Accounting. Join us on November 6, 2024 (English) or November 12, 2024 (French).