News Listings

The AASB discussed issues related to the IAASB’s projects on Group Audits and Auditor Reporting. The Board also received an update on its Future-oriented Financial Information project. Read the Summary for full details.

The Council met on February 11-12, 2021 to receive an update on the Boards’ activities. Read the full report for more information. 

On July 26, 2021, the AcSB staff responded to the European Financial Reporting Advisory Group (EFRAG) Discussion Paper, “Accounting for Crypto-assets (liabilities): Holder and Issuer Perspective.” The AcSB staff strongly support EFRAG in its efforts to identify and raise awareness of the accounting issues for cryptoasset activities that are likely to be relevant to entities applying IFRS^® Standards. Read our letter to find out more about the AcSB staff’s views and suggestions on additional areas for consideration.

The IPSASB released its Mid-Period Work Program Consultation document. PSAB encourages stakeholders to send comments directly to the IPSASB by November 30, 2021.

If you would like us to consider your feedback during the development of our response, please reply to our Board by November 16, 2021.

The IPSASB released Exposure Draft (ED) 80, Improvements to IPSAS, 2021. PSAB encourages stakeholders to send comments directly to the IPSASB by September 30, 2021.

The IPSASB released four new Exposure Drafts on how to measure assets and liabilities in the public sector. PSAB encourages stakeholders to send comments directly to the IPSASB by October 25, 2021. 

If you would like us to consider your feedback during the development of our response, please reply to our Board by October 11, 2021.

The Board discussed Business Combinations under Common Control, Contributions, FASB Agenda Consultation, Insurance, Interest Benchmark (IBOR) Reform, International Financial Reporting for Not-for-Profit Organizations, Rate Regulated Activities, Sustainability, Third Agenda Consultation, and more. Read the Decision Summary for full details, including how stakeholders can provide feedback on these initiatives.

Private and public institutions across the country have come together to offer Canada as the global headquarters for the new International Sustainability Standards Board (ISSB). The offer was facilitated by CPA Canada and formally submitted by the Government of Canada to the IFRS Foundation this week, backed by organizations such as pension funds, financial institutions, securities regulators, a leading First Nations organization, accounting firms, insurance companies, and other large Canadian companies, along with the support of the country’s six largest municipalities and a broad cross-sector of Canada’s leading business, academic, and environmental stakeholder organizations. 

The Council met on May 18, 2021 to discuss the activities of the AASB and related matters. Read the full report for more information. 

The AASB discussed issues related to the IAASB’s project on audit evidence and fraud. The Board also reviewed a draft Canadian discussion paper on audits of less complex entities.