Recently-released standards updates and resources may be of interest to Alberta CPAs:
Accounting standards
IAS 1 Presentation of Financial Statements – Additional disclosure considerations for companies engaging in crypto-asset activities
Is your company engaged in crypto-asset activities? Are there additional disclosures to consider beyond the specific requirements in IFRS Accounting Standards? The AcSB has released an easy-to-understand resource to support your financial statement preparation process.
IFRS® Discussion Group meeting report – December 5, 2022
The Group discussed the Impact of Climate-related Risk on Financial Statements, Special Purpose Acquisition Companies (SPAC): Accounting for Warrants at Acquisition, the Canadian Interest Rate Benchmark Reform: Cessation of Canadian Dollar Offer Rates (CDOR), and more.
Public sector accounting
On-Demand Workshop: Introduction to International Public Sector Accounting Standards (IPSAS)
The Public Sector Accounting Standards Board (PSAB) has released a series of videos that explain the International Public Sector Accounting Standards Board (IPSASB) and its accounting standards for public sector entities related to routine transactions of assets, liabilities, revenues, and expenses.
Auditing and assurance standards
Joint Policy Statement (JPS) Concerning Communications between Actuaries Involved in the Preparation of Financial Statements and Auditors (JPS)
The Auditing and Assurance Standards Board (AASB) and the Canadian Actuarial Standards Board jointly issued a revised JPS to enhance communications between actuaries and auditors. The JPS will be appended to CAS 500, Audit Evidence.
Amendments to IAS 1 and the Impact on the CASs: Disclosure of Material Accounting Policy Information
The AASB has developed guidance to address the impact on Canadian Auditing Standards and Canadian Standard on Review Engagements of certain narrow-scope amendments made to IAS 1, Presentation of Financial Statements.
Survey: Prioritizing Projects in the IAASB’s Work Plan for 2024-2027
The AASB is seeking your input and help in responding to the IAASB’s Proposed Strategy and Work Plan for 2024-2027. You are encouraged to provide your input on which projects should be prioritized by the IAASB.
