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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 18, 2020

Meeting Summary

AcSB Decision Summary – September 9, 2020

The Board discussed topics such as Primary Financial Statements, Combinations, Cloud Computing – plus much more. Read the Decision Summary for full details.

September 15, 2020

Resource, Other

Basis for Conclusions – PSAB International Strategy

This document sets out how the Board reached its decision to pursue Option 2: Adapt IPSAS principles when developing future standards as its future International Strategy. Read the Basis for Conclusions for full details.

September 9-23, 2020

Meeting Summary

AASB Decision Summary – September 9-10 and 23, 2020 Meetings

The Board reviewed stakeholder feedback received on the AASB Exposure Draft – Audits of Group Financial Statements (Including the Work of Component Auditors) as well as a draft response letter to the IAASB Exposure Draft. It discussed issues related to the IAASB’s project on Quality Management at the Firm and Engagement Level and Extended External Reporting. The Board also reviewed a second draft of its 2022-2025 Draft Strategic Plan, which reflects the implications of the COVID-19 pandemic on the AASB’s strategic directions. Read the full Decision Summary for details.

August 28, 2020

Resource, Guidance

COVID-19 and Application of Public Sector Accounting Standards (PSAS)

The COVID-19 pandemic significantly affected governments, businesses, and the public globally. Government responses and the COVID-19-related financial and economic consequences will need to be considered in financial reporting of public sector organizations. Read this non-authoritative guidance for more details.

August 27, 2020

Meeting Summary

AASB Decision Summary – August 27, 2020

The Board reviewed a draft response letter to IASB Exposure Draft, General Presentation and Disclosures. It also discussed the impact of COVID-19 on its Draft Strategic Plan and how to reflect this in the Plan. Read the full Decision Summary for details.

August 12, 2020

Meeting Summary

AcSB Decision Summary – July 28, 2020

The Board discussed topics such as Primary Financial Statements, Leases, Insurance Contracts – plus much more. Read the Decision Summary for full details.

August 6, 2020

International Activity

IAASB issues Auditor Reporting Post Implementation Review Survey

The IAASB Auditor Reporting Implementation Working Group issued an online survey for stakeholders to provide input regarding the enhanced Auditor Reporting Standards. The AASB encourages all stakeholder groups to participate and share their views!

August 6, 2020

Meeting Summary

Not-for-Profit Advisory Committee Notes – July 21, 2020

At its recent meeting, the Committee discussed a number of topics including financial reporting issues related to the COVID-19 pandemic, cloud computing arrangements, and combinations.

July 30, 2020

News

Update – PSAB’s Employment Benefits Project

PSAB approved a revised Employment Benefits project plan at the June 26, 2020 meeting. This approval comes following thorough consideration of how to respond to our stakeholders’ most pressing needs in the best way. Read this article to find out details on the new project plan, and what’s next for our stakeholders.

July 24, 2020

Meeting Summary

AcSB Decision Summary – July 15, 2020

The Board discussed Combinations and Employee Future Benefits. Read the Decision Summary for full details.