News Listings

Read the feedback statement for AcSB's 2023 Exposure Draft, “Contributions – Revenue Recognition and Related Matters” to learn how your feedback has shaped the future direction of the Contributions project.

The Committee held a meeting on May 9, 2024, and discussed relief from recognition of intangible assets and amortization of goodwill, insurance contracts with cash surrender, and more. Read the meeting notes for full details!

In May, the Not-for-profit Advisory Committee discussed Contributions, Relief from Recognition of Intangible Assets and Amortization of Goodwill, Insurance Contracts with Cash Surrender Value, Evaluating the Preface, and more.

The AcSB discussed Financial Statement Concepts, Contributions, its performance report, and more. Read the Decision Summary for full details.

Read our overview of the IASB’s Exposure Draft “Business Combinations – Disclosures, Goodwill and Impairment,” and how it impacts your business. The proposed amendments affect how entities perform their goodwill impairment assessments and enhance disclosure requirements for business combinations. 

Watch our on-demand webinar to learn about the Exposure Drafts on proposed Canadian Sustainability Disclosure Standards (CSDS) 1 & 2, and to help prepare your response for our key documents.

The AcSB invites you to share your input on its Subsequent Measurement of Goodwill and Acquired Intangible Assets project to address challenges faced by private enterprises and not-for-profit organizations.

PSAB encourages interested and affected parties to respond to the International Public Sector Accounting Standards Board’s (IPSASB) recently released Exposure Draft 88, Arrangements Conveying Rights over Assets (Amendments to IPSAS 47 and IPSAS 48). Respond directly to IPSASB by May 31, 2024, to ensure Canadian-specific issues and perspectives are considered.

The AASB discussed Going Concern, Listed Entity/Public Interest Entity Track-2, Integrated Project, Technology Position, Audits of Less Complex Entities, Compilations of Future-oriented Financial Information, Sustainability Assurance, and more. Read the decision summary for full details.

The AcSB discussed Financial Instruments with Characteristics of Equity, Climate-related Risks and Opportunities, Subsequent Measurement of Goodwill and Acquired Intangible Assets, Contributions, the Guidance Framework and more. Read the Decision Summary for full details.