News Listings

The Board discussed its draft response to the IAASB’s Exposure Draft, “Proposed Narrow Scope Amendments to ISA 700 (Revised), Forming an Opinion and Reporting on Financial Statements, and ISA 260 (Revised), Communication with Those Charged with Governance.” It also discussed issues related to Audit Evidence, Fraud, Going Concern, Sustainability, and more. Read the full Decision Summary for details.

The Board discussed the Independent Review of Standard Setting, International Strategy, Financial Statement Presentation Standard, Employee Benefits, and other matters. Read the Decision Summary for full details.

The PEAC held a meeting on September 22, 2022, and discussed accounting for insurance contracts with a cash surrender value, recent amendments made to accounting frameworks in other jurisdictions, and more. Read the meeting notes for full details!

The IASB has published an Exposure Draft, Third edition of the IFRS for SMEs Accounting Standard as part of its second comprehensive review of the standard. Stakeholders are encouraged to respond by March 7, 2023.

The AcSB discussed Contributions, Cloud Computing Arrangements, Related Party Combinations, Reporting Controlled and Related Entities, Sustainability, Pension Plans, and more. Read the Decision Summary for full details, including how stakeholders can provide feedback on these initiatives.

The AASB has provided an update on its progress to finding a solution for practitioners in applying Canadian Auditing Standards to audits of less complex entities. Read the Report for full details.

The Committee discussed Contributions, Cloud Computing Arrangements, and more. Read the meeting notes for full details.

The AcSB discussed Contributions, Cloud Computing Arrangements, Pension Plans, Sustainability, and more. Read the Decision Summary for full details, including how stakeholders can provide feedback on these initiatives.

The Board discussed the process for engaging interested and affected parties on standard setting projects, revisited its 2022-2023 Annual Plan, approved the exposure draft related to Listed Entity/Public Interest Entity, and more. Read the Decision Summary for full details.

Did you know that IFRS 17, Insurance Contracts, can apply to insurance contracts issued by non-insurance entities? If not, you are not alone! Check out some helpful resources to learn more about how this Standard might apply to you.