 Adoption of IFRSs by Entities with Rate-regulated Activities
July 28, 2010. The AcSB has issued an Exposure Draft proposing that qualifying entities with rate-regulated activities be permitted to defer the adoption of IFRSs by two years. Comments, on the form provided, are requested by August 31, 2010. Fair Value Option for Financial Liabilities
July 27, 2010. AcSB staff has submitted a comment letter responding to the IASB’s Exposure Draft. AcSB July 23, 2010 Decision Summary
July 26, 2010. An executive summary of discussions and decisions with respect to the topic addressed at this meeting: Rate-regulated Activities. Measurement Uncertainty Analysis Disclosure for Fair Value Measurements (Limited re-exposure of proposed disclosure)
July 22, 2010. The AcSB has issued an Exposure Draft (ED) that corresponds to the IASB’s ED on this topic. Comments, on the form provided, are requested by September 7, 2010. Draft Strategic Plan for 2011-2014
July 21, 2010. The AcSB has issued an Invitation to Comment on a draft of a new strategic plan outlining the broad policy objectives that will guide it in carrying out its standard-setting mandate. Comments, on the form provided, are requested by September 30, 2010. AcSB July 14, 2010 Decision Summary
July 20, 2010. An executive summary of discussions and decisions with respect to the topics addressed at this meeting: Extractive Activities; Financial Instruments; Rate-regulated Activities; Accounting Standards for Private Enterprises. Financial Instruments: Amortised Cost and Impairment
July 13, 2010. The AcSB has submitted a comment letter responding to the IASB’s Exposure Draft. IFRS Discussion Group
July 12, 2010. The next meeting of the IFRS Discussion Group (IDG) will be held on September 16th, 2010 in Calgary. Individuals are encouraged to submit issues relating to the application of IFRSs in Canada by August 4th for consideration at this meeting. For further information see Submission of Issues. Private Enterprise Advisory Committee — Meeting notes
July 6, 2010. At its inaugural meeting on June 15, 2010, the Private Enterprise Advisory Committee (PEAC) discussed various issues in respect of the accounting standards for private enterprises. The meeting notes are a summary of discussions held. Fair Value Measurements — Measurement Uncertainty Analysis Disclosure
July 6, 2010. The IASB has issued an Exposure Draft re-exposing its disclosure proposal on Level 3 fair value measurements. The comment deadline is September 7, 2010. Revenue from Contracts with Customers
July 6, 2010. The IASB has issued an Exposure Draft proposing a single revenue recognition standard that would be applied across various industries and capital markets. The comment deadline is October 22, 2010. Adoption of IFRSs by Investment Companies
June 30, 2010. The AcSB has issued an Exposure Draft proposing that investment companies can defer the adoption of IFRSs by one year. Comments, on the form provided, are requested by August 23, 2010. IFRS Canadian GAAP Comparison
June 29, 2010. The AcSB has issued an update to its comparison of International Financial Reporting Standards and Canadian standards as of December 31, 2009. IFRS Discussion Group — Report on Public Meeting
June 29, 2010. At its June meeting, the IFRS Discussion Group (IDG) discussed various issues arising from the application of IFRSs in Canada. The meeting notes are a summary of the discussion and should be reviewed in conjunction with the archived audio webcast of the meeting. AcSB June 16, 2010 Decision Summary
June 23, 2010. An executive summary of discussions and decisions with respect to the topics addressed at this meeting: International Activities; Pension Plans — Scope Amendment; Not-for-Profit Organizations — Accounting for Intangible Assets. Pension Plans
June 18, 2010. A Background Information and Basis for Conclusions document is now available. AcSB and PSAB Seeking New Task Force Members
June 18, 2010. The AcSB and PSAB are currently seeking members to appoint to a new Joint Not-for-Profit Task Force. Accounting Standards for Private Enterprises
June 15, 2010. A Background Information and Basis for Conclusions document is now available. Financial Statement Presentation — Other Comprehensive Income
June 14, 2010. The AcSB has issued an Exposure Draft (ED) that corresponds to the IASB’s ED on this topic. Comments, on the form provided, are requested by September 30, 2010. Fair Value Option for Financial Liabilities
June 14, 2010. The AcSB has issued an Exposure Draft (ED) that corresponds to the IASB’s ED on this topic. Comments, on the form provided, are requested by July 16, 2010. AcSB supports IASB/FASB Extension of Convergence Timeline to Permit Increased Stakeholder Participation
June 10, 2010. The AcSB applauds the joint announcement of the International Accounting Standards Board and the US Financial Accounting Standards Board to extend their convergence timeline beyond June 2011. FYI Newsletter June 2010
June 7, 2010. The June issue includes the message from the Chair and articles on other topics of interest to stakeholders. IFRS Discussion Group — June meeting
June 3, 2010. An archive of the audio webcast of the IFRS Discussion Group’s (IDG) meeting on June 1, 2010 is now available. Post-employment Benefits
June 2, 2010. The AcSB has issued an Exposure Draft (ED), "Defined Benefit Plans (Proposed amendments to IAS 19)," that corresponds to the IASB's ED on this topic. Comments, on the form provided, are requested by September 6, 2010. Liabilities — Improving IAS 37
May 28, 2010. On May 19, 2010, the AcSB submitted a comment letter responding to the IASB’s Working Draft of a new “Liabilities” standard, including the proposals in its “Measurement of Liabilities in IAS 37” Exposure Draft. Financial Instruments — FASB Exposure Draft
May 28, 2010. The IASB is asking constituents to comment on the FASB’s proposals for a new comprehensive standard on financial instruments. A comparison between the IASB’s and the FASB’s respective approached is provided in the FASB Exposure Draft. The comment deadline is September 30, 2010. Financial Statement Presentation — Other Comprehensive Income
May 28, 2010. The IASB has issued an Exposure Draft including proposals to require entities to present profit or loss and other comprehensive income in separate sections of a continuous statement. The comment deadline is September 30, 2010. Fair Value Option for Financial Liabilities
May 27, 2010. The IASB has issued a questionnaire for financial statement users seeking input on the captioned topic. Responses to the survey are due by July 16, 2010. Notice of the IFRS Discussion Group Meeting
May 21, 2010. A meeting of the IFRS Discussion Group will be held on Tuesday, June 1, 2010 in Toronto. The meeting is open to public observation. An audio webcast of the meeting will also be available for those who are unable to attend the meeting in person. Annual Improvements to IFRSs
May 14, 2010. The IASB has issued amendments to extend the scope of some IFRS 1 exemptions, emphasize disclosure requirements in IFRS 7 and IAS 34, and revise other IFRSs. The amendments will be issued in the July 2010 update to Part I of the CICA Handbook – Accounting. Fair Value Option for Financial Liabilities
May 14, 2010. The IASB has issued an Exposure Draft proposing that when financial liabilities are measured using the fair value option any changes in the credit risk of the liability will not cause volatility in profit or loss. The comment deadline is July 16, 2010. AcSB May 5, 2010 Decision Summary
May 12, 2010. An executive summary of discussions and decisions with respect to the topics addressed at this meeting: International Activities; AcSB Stakeholder Surveys; AcSB Strategic Plan 2011-2014; Financial Instruments; Not-for-Profit Organizations Strategy. IFRS Discussion Group — Report on Public Meeting
May 6, 2010. At its March meeting, the IFRS Discussion Group (IDG) discussed various issues arising from the application of IFRSs in Canada. The meeting notes are a summary of the discussion and should be reviewed in conjunction with the archived audio webcast of the meeting. Post-employment Benefits
May 4, 2010. The IASB has issued an Exposure Draft that includes proposals to amend the accounting for defined benefit plans. The comment deadline is September 6, 2010. Investors and IFRSs
May 4, 2010. The International Accounting Standards Committee Foundation and the IASB have launched a program to enhance investors’ participation in the development of IFRSs, including a dedicated webpage containing resources for the investor community located here. Financial Instruments — Amortised Cost and Impairment
May 4, 2010. The IASB has issued a questionnaire for financial statement users seeking input on the captioned topic. Responses to the survey are due by June 30, 2010. AcSB's Annual Operating Plan for 2010-2011
April 30, 2010. The AcSB has issued a summarized version of its annual operating plan. Webinar — AcSB Update: Stay Informed About Developments in Canadian GAAP
April 27, 2010. Take part in a free webinar on Tuesday, May 4, 2010 at 14:00 EDT that will highlight current activities for each of the financial reporting frameworks (IFRSs, private enterprises, not-for-profit organizations and pension plans). Extractive Activities — Roundtable
April 21, 2010. An additional roundtable session is now scheduled in Montréal on June 23, 2010. Extractive Activities — Roundtable
April 14, 2010. Attend a roundtable discussion in Toronto, Vancouver or Calgary in May 2010 to share your views on the IASB's Discussion Paper. AcSB April 9, 2010 Decision Summary
April 14, 2010. An executive summary of discussions and decisions with respect to the topics addressed at this meeting: International Activities; User Advisory Council. Conceptual Framework ─ The Reporting Entity
April 12, 2010. The AcSB has issued an Exposure Draft (ED) that corresponds to the IASB’s ED on this topic. Comments, on the form provided, are requested by July 16, 2010. Extractive Activities
April 12, 2010. The IASB has issued a Discussion Paper containing the views of an international project team that included AcSB staff. It proposes a single accounting and disclosure model for extractive activities in the mining and oil & gas industries. The comment deadline is July 30, 2010. AcSB Establishes Advisory Committee for the Accounting Standards for Private Enterprises
April 7, 2010. Volunteers from across Canada will serve on a new committee to advise the AcSB on future changes to accounting standards for private enterprises in Canada. IFRS Discussion Group
April 7, 2010. The next meeting of the IFRS Discussion Group (IDG) will be held on June 1st, 2010 in Toronto. Individuals are encouraged to submit issues relating to the application of IFRSs in Canada by May 3rd for consideration at this meeting. For further information see Submission of Issues. AcSB March 24-25, 2010 Decision Summary
April 1, 2010. An executive summary of discussions and decisions with respect to the topics addressed at this meeting: International Activities; Accounting Standards for Private Enterprises; Member Self-assessment Survey; Planning and Strategy. Accounting Standards for Pension Plans
April 1, 2010. Section 4600, Pension Plans, is now available in Part IV of the CICA Handbook – Accounting. Concurrently, the AcSB has issued an Exposure Draft proposing to expand the scope of this Section. Comments, on the form provided, are requested by April 30, 2010. Archived News |