Recent Standards Updates

Recent Standards Updates

A number of standards updates and resources, including new webinars, decision summaries, reports, and volunteer opportunities, have recently been released that may be of interest to Alberta CPAs:

Accounting Standards Board (AcSB) Webinar – Domestic Accounting Standards Update

Are you a Canadian private enterprise or not-for-profit organization, an advisor to one, or a user of financial reports? Sign up to learn about current and future changes to Part II and Part III of the CPA Canada Handbook – Accounting. Tune in on February 18, 2020 (English) at 12:00 noon (MST).

Register now

Accounting Standards Board (AcSB) Decision Summary – December 11, 2019

The Board discussed topics such as IFRS® Standards, Insurance, Combinations, and Related Party Combinations, among others.

Read now

Academic Research – Call for papers for Special Issue of Accounting Perspectives on Blockchain and Cryptoassets

The Canadian Academic Accounting Association’s (CAAA) journal Accounting Perspectives, with Guest Editor Rebecca Villmann, FRAS Canada Director, are calling on accountants to play a role in understanding blockchain and cryptoassets, and evaluating and influencing how they will affect the accounting profession, business and accounting education. We encourage researchers and educators to submit materials on the challenges and opportunities on how to account, audit, tax and regulate these activities by April 30, 2020.

Respond now

Accounting Standards for Private Sector Not-for-Profit Organizations

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.

Learn more

AcSB Exposure Draft – Combinations – Initial Measurement and Related Disclosures

The AcSB seeks feedback on its proposals to introduce new guidance on the accounting for a combination of not-for-profit organizations. These proposals apply to not-for-profit organizations applying the standards in Parts III of the CPA Canada Handbook – Accounting. Stakeholders are encouraged to submit their comments by April 14, 2020.

Respond now

Public Sector Accounting Standards (PSAB) : Exposure Draft – 2019-2020 Annual Improvements to Public Sector Accounting Standards

PSAB issued its 2019-2020 Annual Improvements Exposure Draft as part of an ongoing process to clarify, enhance, and improve the PSA Handbook for its stakeholders. Submit your response by March 10, 2020.

Respond now

Volunteer Opportunity – The Auditing and Assurance Standards Board needs you!

Are you interested in working with and debating issues of public interest and assurance with other prominent members of the Canadian business community? If so, the profession has a great volunteer opportunity for you! The Auditing and Assurance Standards Oversight Council (AASOC)  is seeking a new member to appoint to the Auditing and Assurance Standards Board (AASB). Make sure to apply by February 28, 2020.

Apply now