News Listings

Part of the non-authoritative guidance that was removed from Part V on March 1, 2020 was Section 4250, Future Oriented Financial Information. This guidance continues to be relevant to private enterprise financial statement preparers and practitioners, so it will be retained in the Handbook. Read more about this update.

The Board discussed Agreed-upon Procedures, Quality Management, Public Sector Auditing Standards and its Draft Strategic Plan for 2022-2025, among other topics. It also approved its 2020-2021 Annual Plan. Read the Decision Summary for full details.

We are pleased to announce new members and re-appointed members, and thank those retiring, to both the Council and the AASB. See the appointments page for full details.

The Board discussed topics such as contributions, ASPE implementation, and its next strategic plan, among others.

The IASB has published a Request for Information to seek views on whether and how to align the IFRS for SMEs Standard with the full IFRS Standards. Stakeholders are encouraged to respond by July 27, 2020.

The amendments clarify one of the criteria for classifying a liability as non-current – that is, the right to defer settlement for at least 12 months after the reporting date. The AcSB will incorporate the amendments into the CPA Canada Handbook upon completion of its due process activities.

At its public meeting in Toronto, the Council discussed the activities of the AASB and other related matters. The Council also received an update on the activities of its Performance Review Committee, as well as the Independence Standing Committee. Read the full report for more information.

The Board discussed topics such as IFRS® Standards, contributions, pension plans, and its next strategic plan, among others.

The Board discussed Agreed-upon Procedures, Quality Management, and its Strategic Plan for 2021-onwards. It also reviewed a second draft of its 2020-2021 Annual Plan. Read the Decision Summary for full details.