Updates from the Accounting Standards Board

Updates from the Accounting Standards Board

The Accounting Standards Board (AcSB) recently released a number of updates, including new Exposure Drafts, decisions, and a volunteer opportunity, that may be of interest to Alberta CPAs:

AcSB Decision Summary – October 10, 2019

The AcSB discussed topics such as IFRS Standards, Combinations, and due process, among others. Learn about the outcomes of these deliberations in the most recent AcSB decision summary.

Learn more on the AcSB website.

Reminder: AcSB Exposure Draft – Disclosure of Accounting Policies (Proposed amendments to IAS 1 and IFRS Practice Statments 2)

The AcSB proposes, subject to comments received following exposure, to incorporate into Part I of the CPA Canada Handbook – Accounting, amendments to IAS 1 Presentation of Financial Statements.

Learn more on the AcSB website.

AcSB’s Exposure Draft – Employee Future Benefits – Using of a Funding Valuation

The AcSB seeks feedback on its proposals to modify the guidance on using an actuarial valuation for funding purposes in the measurement of the defined benefit obligation. These proposals apply to private enterprises and not-for-profit organizations applying the standards in Parts II and III of the CPA Canada Handbook – Accounting. Stakeholders are encouraged to submit their comments by December 16, 2019.

Learn more on the AcSB website.

Auditing and Assurance Standards Board – Volunteer Opportunity – for Extended External Reporting Advisory Group – Deadline Extended

The Auditing and Assurance Standards Board (AASB) is looking for individuals familiar with EER reporting frameworks and assurance engagements to be member of their Extended External Reporting advisory group. Read more about the opportunity they have available and apply by November 15, 2019.

Apply now.