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CSSB’s Proposed 2025-2028 Strategic Plan: Open for Comment

two people around a table discussing strategies with greenery in the forefront 

The Canadian Sustainability Standards Board (CSSB) is inviting feedback on its 2025-2028 Proposed Strategic Plan, outlining priorities for advancing sustainability disclosure standards in Canada. These priorities will inform the Board’s work plans over the coming years. Review our plan and learn how you can provide your input by April 7, 2025.

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AcSB's Climate-related Risks and Opportunities on ASPE Financial Statements

Picture of map made up of trees and water 

In the third installment of its awareness series, the Accounting Standards Board (AcSB) explores climate-related factors and their effects on financial instruments, including fair value measurement, consolidation, and control. Understand how these changes could impact your organization’s financial reporting practices and how you can navigate it.

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PSAB Exposure Draft, 2024-2025 Annual Improvements: Open for Comment

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The Public Sector Accounting Board (PSAB) seeks your feedback on the 2024-2025 Annual Improvements to Public Sector Accounting Standards. Proposed updates include terminology revisions, alignment with PSAB’s Conceptual Framework and Reporting Model, and minor editorial changes. Share your thoughts by April 11, 2025, and contribute to enhancing consistency and transparency in public sector financial reporting.

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News Listings

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September 13, 2022

News, Resource, Article

Audits of Less Complex Entities – Our Progress Toward a Solution

The AASB has provided an update on its progress to finding a solution for practitioners in applying Canadian Auditing Standards to audits of less complex entities. Read the Report for full details.

August 10, 2022

Meeting Summary

AcSB Decision Summary – July 20-21, 2022

The AcSB discussed Contributions, Cloud Computing Arrangements, Pension Plans, Sustainability, and more. Read the Decision Summary for full details, including how stakeholders can provide feedback on these initiatives.

August 3, 2022

Meeting Summary

AASB Decision Summary – July 19, 2022

The Board discussed the process for engaging interested and affected parties on standard setting projects, revisited its 2022-2023 Annual Plan, approved the exposure draft related to Listed Entity/Public Interest Entity, and more. Read the Decision Summary for full details.

July 28, 2022

Resource, Article

IFRS 17 Matters for Non-insurance Entities

Did you know that IFRS 17, Insurance Contracts, can apply to insurance contracts issued by non-insurance entities? If not, you are not alone! Check out some helpful resources to learn more about how this Standard might apply to you.

July 15, 2022

Document for Comment

AcSB Exposure Draft – Revenue – Upfront Non-refundable Fees or Payments

The AcSB wants your feedback on its proposed amendments to Section 3400, Revenue, applicable to private enterprises and not-for-profit organizations. The Board is proposing to defer the effective date of the amendments relating to upfront non-refundable fees or payments to January 1, 2025, while it researches the effects of previously issued amendments. Submit your comments by August 15, 2022.

July 13, 2022

Meeting Summary

PSAB Decision Summary – June 28-29, 2022

The Board discussed the Government Not-for-Profit Strategy, Conceptual Framework & Reporting Model, Employee Benefits, International Strategy, and other matters. Read the Decision Summary for full details.

July 12, 2022

Meeting Summary

AcSB Decision Summary – June 22-23, 2022

The AcSB discussed Contributions, Related Party Combinations, Related Party Transactions, Revenue, Insurance, Crypto-Assets, Sustainability, and more. Read the Decision Summary for full details, including how stakeholders can provide feedback on these initiatives.

June 30, 2022

Resource, In Brief

In Brief – Joint Policy Statement Concerning Communications between Actuaries Involved in the Preparation of Financial Statements and Auditors

Read our In Brief for an overview of the Exposure Draft, Joint Policy Statement Concerning Communications between Actuaries Involved in the Preparation of Financial Statements and Auditors. You can share your feedback on this joint Exposure Draft by the AASB and the Canadian Actuarial Standards Board by September 19, 2022. 

June 29, 2022

Meeting Summary

Now Available! Meeting Report from PSA DG Meeting – May 12, 2022

At its May 2022 meeting, the Group discussed International Public Sector Accounting Standards Board’s (IPSASB) Consultation Paper on Sustainability Reporting, Climate-related Issues including considerations under Public Sector GAAP and SORPs, and General Application Standards. Read the Meeting Report for full details.

June 27, 2022

Meeting Summary

AASB Decision Summary – June 6-7 2022

The AASB discussed a letter received from a stakeholder about the effective date of CSQM 1 and approved an Exposure Draft of a revised Joint Policy Statement with Auditors and Actuaries. The Board also discussed a new Canadian standard on FOFI and the IAASB’s activities related to Audit Evidence, Fraud, Going Concern, Sustainability Reporting, and more. Read the Decision Summary for full details.