News Listings

Help the AcSB inform the development of IFRS^® Standards by submitting academic papers for the IASB Research Forum being held in conjunction with Accounting In Europe and European Accounting Review. Topics of interest include recognition, measurement and disclosure of internally generated assets and new types of intangibles, sustainability reporting, pollutant pricing mechanisms, and cryptocurrencies. Submit papers through the online submission system by March 31, 2023.

The pandemic continues to greatly impact the activities of organizations and individuals. To ensure stakeholders have adequate time to weigh in on this Consultation Paper, the IRCSS has extended the comment period for its Consultation Paper from February 28, 2022, to March 31, 2022.

The Board discussed Classification of Debt as Current or Non-Current, Retractable or Mandatorily Redeemable Shares, PIR of IFRS 9, Cloud Computing, the Draft Strategic Plan, Annual Plan, Parts II and III Priorities, and more. Read the Decision Summary for full details, including how stakeholders can provide feedback on these initiatives.

Since commencing a review of standard setting in May 2021, the Independent Review Committee on Standard Setting in Canada (IRCSS) has released its Consultation Paper for public comment. With the goal to ensure that Canadian standard setting will continue to be independent and internationally recognized, the IRCSS’ paper explores several key matters including establishing a Canadian Sustainability Standards Board; public interest considerations and responsibilities to Indigenous peoples in the development of standards; governance and oversight framework of the Canadian standard-setting system; and timeliness and responsiveness of the current accounting, auditing, and assurance standard setting processes. Respond by February 28, 2022, and help the IRCSS shape its final recommendations report.

At its meeting, the Committee discussed the accounting for cloud computing arrangements and more. Read the meeting notes for full details. 

Since the launch of our Framework for Reporting Performance Measures in December 2018, the world has witnessed significant change. With increased activity and momentum around sustainability reporting - as well as a new National Instrument on other financial measure disclosures from the CSA - disclosure of performance measures  is more relevant today than ever. To help you prepare for year-end reporting while navigating these changes, we revised our Framework for Reporting Performance Measures.

At its recent special meeting, the Committee discussed accounting for cloud computing arrangements. Read the meeting notes for full details. 

The Board discussed Cash Received via Electronic Transfer as Settlement for a Financial Asset, Disclosure Initiative – Subsidiaries without Public Accountability, Disclosure Initiative – Targeted Standards-level Review, the Draft Strategic Plan, the Due Process Manual, IBOR Reform, Management Commentary, Pension Plans, and more. Read the Decision Summary for full details, including how stakeholders can provide feedback on these initiatives.

At its meeting, the Committee discussed application issues in practice relating to interest in joint arrangements and redeemable preferred shares. Read the meeting notes for full details.

On November 17, 2021, the UK Endorsement Board (UKEB) and the Accounting Standards Board (AcSB) of Canada held their first-ever bilateral meeting. The virtual meeting provided an opportunity for the Boards to exchange views on some International Accounting Standards Board (IASB) projects.