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The Canadian Sustainability Standards Board (CSSB) is pleased to announce the release of its Feedback Statement summarizing the responses received from its extensive public consultation on Canada’s first-ever sustainability disclosure standards. Read about who responded and what they said. Stay tuned for a separate report based on Indigenous participation and feedback related to Indigenous matters.

PSAB has issued the Re-exposure Draft, “Employee Benefits, Proposed Section PS 3251.” This Re-exposure Draft focuses on amendments to previously exposed discount rate principles for defined benefit plans. Read our In Brief to learn more about the proposals and how you can provide your input.

The AcSB discussed the Equity Method, Related Party Combinations, Climate-related and Other Uncertainties in Financial Statements, the Annual Plan, and more. Read the Decision Summary for full details.

Short on time but want to know how this change impacts you as a practitioner, a user of FOFI or pro forma, management, or a staff member charged with governance? Read our educational guide for more details! 

The Committee held a meeting on October 8, 2024, and discussed Financial Statement Concepts, Related Party Combinations, ASPE Climate Awareness, and more. Read the meeting notes for full details!

The IFRS Accounting Standards Discussion Group wants to hear about the challenges you face when applying IFRS Accounting Standards. Submit your issue by October 11, 2024, for consideration as a discussion topic at our December 3, 2024, meeting.

On October 1 and 4, 2024, the Canadian Sustainability Standards Board (CSSB) met virtually to provide final approval on the Feedback Statement and the Basis for Conclusions for Canadian Sustainability Disclosure Standards 1 and 2, as well as on the CSSB Strategic Plan.

PSAB discussed topics such as the Government Not-for-Profit Capital Assets project, Intangible Assets project, International Public Sector Accounting Standards Board update, generally accepted accounting principle designations in the Public Sector Accounting Handbook Appendices, and more. Read the Decision Summary for full details.

The AcSB discussed Relief from Recognition of Intangible Assets, and Amortization of Goodwill, Contributions, Agriculture, Related Party Combinations, Detailed Review of ASPE, Climate-related and Other Uncertainties in the Financial Statements, Reporting Controlled and Related Entities, Part IV priorities, and more. Read the Decision Summary for full details.

Want to join a network of financial reporting experts and be ahead of the curve on IFRS Accounting Standards hot topics that impact Canadian entities? If so, the Accounting Standards Board (AcSB) needs you on its IFRS Accounting Standards Discussion Group! Apply to be a volunteer member by November 1, 2024.