News Listings

The Council met on October 29-30, 2020 to receive an update on the Boards’ activities. Read the full report for more information.

The Accounting Standards Oversight Council (AcSOC) and Auditing and Assurance Standards Oversight Council (AASOC) have initiated a review of Canadian standard setting. The Independent Review Committee on Standard Setting in Canada was formed to review of the governance and structure for establishing accounting, auditing, and assurance standards, as well what might be needed for the future – including sustainability standards. 

This past year presented unanticipated global challenges that reshaped how people live and work. For AcSOC, the biggest question was how to conduct oversight and achieve progress against the backdrop of a global pandemic. Read our 2020-2021 Annual Report to learn more about the work we did, including our oversight of the AcSB and PSAB. 

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

The Council met on June 11, 2020 to receive an update on the Boards’ activities. Read the full report for more information.

This article provides highlights from comment letters written by Boards and Councils responding to the IFRS Foundation Trustees Consultation Paper on Sustainability Reporting.

The AcSB Chair is pleased to share that current Vice-Chair Armand Capisciolto’s term has been extended by AcSOC for two years to 2023. This extension reflects Armand’s strong contribution to the Board’s work to date and ensures a broad base of continuity in leadership for the AcSB in the current uncertain environment as the Board embarks on the preparation of its next strategic plan. 

Former assistant auditor general Clyde MacLellan takes helm of the Public Sector Accounting Board, effective November 1, 2020 for a five-year term.

Former assistant auditor general Clyde MacLellan takes helm of the Public Sector Accounting Board, effective November 1, 2020 for a five-year term.

As a result of the unprecedented challenges of COVID-19, AcSOC held a special meeting on March 26, 2020 to deal with issues arising with PSAB’s decision to postpone its March 26-27, 2020 meeting. Read the full report for more information.