News Listings

The Council met on June 28-29, 2021, to discuss the activities of the AASB and related matters. Read the full report for more information.

The Council met on September 28, 2021, to discuss the activities of the AASB and related matters. Read the full report for more information.

Learn how the AcSB developed and approved its 2022-2027 Strategic Plan – including conclusions reached on the significant comments received during our consultation process.

The Board discussed the Government Not-for-Profit Strategy, 2022-2027 Draft Strategic Plan, Conceptual Framework, PSAB project consultation and other matters. Read the Decision Summary for full details.

The Board released its Feedback Statement for the Draft 2022-2027 Strategic Plan Consultation Paper, which provides an overview of key feedback received by stakeholders and how PSAB responded.

Read our In Brief for an overview of Exposure Draft, Customer’s Accounting for Cloud Computing Arrangements. The proposals aim to simplify the accounting for cloud computing arrangements while ensuring entities can provide relevant information to their users. Share your feedback by attending our virtual roundtable on June 1 or June 7, and by submitting a comment by June 20, 2022. 

The Board discussed Related Party Combinations, Cloud Computing Arrangements, Contributions, Financial Statement Concepts, the AcSB’s Annual Plan, Sustainability Reporting, and more. Read the Decision Summary for full details, including how stakeholders can provide feedback on these initiatives.

The AASB approved Quality Management – Conforming Amendments and CAS 600, Special Considerations – Audits of Group Financial Statements (including the work of Component Auditors) and the related conforming amendments. The Board also provided IAASB members with input from Canada on issues related to Audit Evidence, Fraud, Going Concern, and Listed Entity and Public Interest Entity. The Board approved its 2022-2023 Annual Plan and its 2021-2022 Performance Assessment. Read the summary for more details!

The AcSB has issued its final 2022-2027 Strategic Plan. The Plan is focused on enhancing the relevance of financial information and supporting the improvement of non-financial information reported to stakeholders. Read the Plan to learn more about our strategic objectives for the next five years.

AASOC is pleased to announce new members, re-appointed members, and thank those who are retiring. Read the appointments page for full details.