A number of standards updates, including new Exposure Drafts, reports, and meeting announcements, have recently been released that may be of interest to Alberta CPAs:
Auditing and Assurance Standards Board Meeting – January 22-23, 2020
Find out what’s on the agenda for the upcoming Board meeting. Topics include the 2020-2021 Annual Plan, the future Strategic Plan, Quality Management, and Agreed-upon Procedures.
Auditing and Assurance Standards Oversight Council (AASOC) Meeting – February 3-4, 2020
Attend the upcoming AASOC meeting in person! Some of the topics on the agenda include: an update from the AASB, reports from the Nominating and Governance Committee, as well as the Performance Review Committee. Register today!
Accounting Standards Oversight Council (AcSOC) Meeting Agenda – February 20-21, 2020
Attend the upcoming AcSOC meeting in person or virtually via livestream! See and hear the meeting discussion in real-time, no matter where you are in the world. The Council will discuss a number of topics, including the Chair’s reports on the many activities of the AcSB and PSAB. Register today!
IASB Exposure Draft – General Presentation and Disclosure
What do you think about disclosure of certain non-GAAP measures in the financial statements? The IASB has issued an Exposure Draft relating to its Primary Financial Statements project. Have your say by June 30, 2020. The AcSB will issue its corresponding exposure draft in January 2020.
Public Sector Accounting Standards: Exposure Draft, Public Private Partnerships
In this Exposure Draft, PSAB proposes specific scope, recognition, measurement, presentation, and disclosure requirements for public private partnerships. This proposed guidance will have a significant impact in the public sector. Read and respond to the exposure draft before February 29, 2020.
REMINDER: Public Sector Accounting Standards: Exposure Draft, Narrow Scope Amendment – Purchased Intangibles
PSAB proposes to remove the prohibition against recognizing intangibles purchased in an exchange transaction in public sector financial statements. The change is proposed to respond to input from Indigenous governments and other PSAB stakeholders. Read the Exposure Draft and Basis for Conclusions for full details.