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The Board discussed topics such as IFRS® Standards, Employee Future Benefits, Combinations, and Contributions, among others.

The IASB has issued an Exposure Draft proposing amendments to IFRS 3 Business Combinations. Canadian stakeholders are encouraged to submit their comments to the IASB by September 27, 2019.

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 the Performance Review Committee and the Nominating and Governance Committee. Read the full report for more information.

The Board discussed several topics during this two-day meeting including, Identifying and Assessing the Risk of Material Misstatement, Public Sector Auditing Standards, Compilation Engagements, and Quality Management. Read the Decision Summary for full details.

This year, our key initiatives focused on continuing to improve some of our foundational oversight processes. Read more about the work we did over the past year and our oversight of the Auditing and Assurance Standards Board and the Independence task Force.

Save the date! On July 18, 2019, the AcSB will host a panel discussion featuring Darrel Scott, IASB Board Member and Advisor on the IASB’s Insurance project, and other experts from the financial reporting community. The AcSB is sponsoring this activity as part of its ongoing work to ensure Canadians are supported during the implementation phase of new standards, and also to ensure Canadian views are heard. Stay tuned for more details in the coming weeks!

The IASB has issued an Exposure Draft proposing amendments to IFRS Standards as part of its Annual Improvements process. Canadian stakeholders are encouraged to submit their comments to the IASB by August 20, 2019.

The IFRS Foundation recently issued its Exposure Draft “Proposed amendments to the IFRS Foundation Due Process Handbook,” the procedural requirements followed by the IASB and the IFRS Interpretations Committee. Read now to understand the proposed changes.

Canadian stakeholders are encouraged to submit their comments to the IFRS Foundation by July 29, 2019.

At its recent meeting, the Committee discussed a number of topics including employee future benefits, amendments to other frameworks, and much more.

The Board discussed topics such as IFRS® Standards, Agriculture, Employee Future Benefits, Combinations and Contributions, among others.