Recently-released standards updates and resources may be of interest to Alberta CPAs:
Accounting standards
AcSB decision summary – October 26
The Accounting Standards Board (AcSB) discussed contributions, crypto-asset lending, and more. Read the decision summary for full details, including how stakeholders can provide feedback on these initiatives.
IFRS discussion group meeting – December 5
At its upcoming meeting, the group will discuss topics such as the impact of climate-related risk on financial statements, Special Purpose Acquisition Companies (SPAC): accounting for warrants at acquisition, and the Canadian interest rate benchmark reform: cessation of Canadian Dollar Offer Rates (CDOR). Don’t miss out on the latest IFRS news! Register to observe the meeting via livestream.
AcSB exposure draft – Improvements to Accounting for Common Control Combinations
The AcSB wants your feedback on its proposed amendments to Related Party Transactions, Section 3840. The proposed amendments address accounting for a combination between enterprises or businesses under common control and financial assets acquired or financial liabilities assumed in a combination between enterprises under common control. Submit your comments by January 31, 2023.
Public sector accounting
Webinar – Government Not-for-Profit (GNFP) Strategy Decision and Implementation Plan
Missed the Government Not-for-Profit (GNFP) Strategy Decision and Implementation Plan webinar? Watch the recording of the webinar in English or French to learn more about the topic and stay up to date!
PSAB discussion group meeting summary – November 10
Missed the November 10 meeting of the Public Sector Accounting Board (PSAB)? Watch a recording in either English or French until January 13, 2023.
Auditing standards
Upcoming webinar – exposure draft – CAS 500, Audit Evidence
Are you interested in hearing about the proposed changes to CAS 500, Audit Evidence? Attend a webinar hosted by members of the Auditing and Assurance Standard Board’s (AASB) Audit Evidence Advisory Group, in partnership with CPA Canada, for an overview of the proposed changes to ISA 500, Audit Evidence. The French webinar takes place December 8 and the English webinar is on December 9.
AASB decision summary – October 25
The Board discussed the International Auditing and Assurance Standard Board’s project to revise ISA 500, Audit Evidence, revisions to IAS 1 to necessitate revisions to the CPA Canada Handbook – Assurance, and the emerging issues in the audit and assurance environment. The AASB also discussed establishing a Sustainability Assurance Committee, and more. Read the Decision Summary for full details.
