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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) finalized CSDS 1 and CSDS 2, plus its Criteria for Modification Framework. Learn more and access resources to support your reporting.

Canada’s First Sustainability Standards Are Here

Picture of a transparent glass globe focusing on Canada in the grass 

The Canadian Sustainability Standards Board (CSSB) finalized CSDS 1 and CSDS 2, plus its Criteria for Modification Framework. Learn more and access resources to support your reporting.

AcSB Exposure Draft – Accounting for Common Control Combinations

Paper with charts on a table with orange and white markers on top representing another chart 

The AcSB wants your feedback on its proposed amendments to Section 3840, Related Party Transactions. These proposed narrow-scope amendments address accounting for a combination between enterprises or businesses under common control. Submit your comments by February 14, 2025.

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October 17, 2024

Webinar, International Activity, News

Webinar – PSAB’s Re-exposure Draft, “Employee Benefits, Proposed Section PS 3251”

Learn about key proposals in PSAB’s recently issued Re-exposure Draft “Employee Benefits, Proposed Section PS 3251”! Join us for a live webinar on November 13, 2024, and find out how we’re responding to your feedback on discount rate amendments. This webinar will be conducted in English with simultaneous translation to French. Register now and stay informed about how upcoming changes could impact you.

October 17, 2024

Resource, In Brief

In Brief – A plain and simple overview of PSAB’s Re-exposure Draft, “Employee Benefits, Proposed Section PS 3251”

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.

October 16, 2024

Meeting Summary

AcSB Decision Summary – October 16, 2024

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.

October 10, 2024

Resource

What You Need to Know about Proposed Canadian Standard on Related Services (CSRS) 4250, Compilation Engagements on Future-oriented Financial Information and Pro Forma

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! 

October 9, 2024

News, International Activity

IAASB Approves International Standard on Sustainability Assurance (ISSA) 5000, General Requirements for Sustainability Assurance Engagements

The IAASB approved International Standard on Sustainability Assurance (ISSA) 5000, General Requirements for Sustainability Assurance Engagements. Find out what’s next for sustainability assurance in Canada.  

October 8, 2024

Resource, Guidance

What You Need to Know about Effects of Climate-related Risks and Opportunities on ASPE Financial Statements: Awareness Document

The AcSB continues to explore the impact of climate change on businesses and ASPE financial statements. In this second installment, we focus on topics such as property, plant, and equipment, impairment of long-lived assets, and contingent liabilities. This awareness series is designed to help organizations navigate climate-related matters using ASPE.

October 8, 2024

Meeting Summary

Private Enterprise Advisory Committee Notes – October 8, 2024

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!

October 3, 2024

News

IFRS® Accounting Standards Discussion Group – Request for Issues

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.

October 1-4, 2024

Meeting Summary, Webpage

CSSB Decision Summary – October 1 and 4, 2024

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.

September 30, 2024

News

Call for Applications – Inaugural Standardsco Chair and Board of Directors

Standardsco, a newly established federal not-for-profit corporation, has been formed in response to the recommendations of the Independent Review Committee on Standard Setting in Canada. The Standardsco Search Committee is currently seeking qualified individuals to join our Inaugural Board of Directors, including the pivotal role of Chair. In partnership with the leadership advisory firm Odgers Berndtson, the Standardsco Search Committee encourages interested candidates to apply promptly.