At its meeting on September 20-21, 2023, the AcSB discussed feedback received from over 150 interested and affected parties on its “Consultation Paper I – Exploring Scalability in Canada” which closed for comment on July 31, 2023. Based on the feedback received, the AcSB decided not to pursue an intermediary accounting framework option between IFRS Accounting Standards and Parts II and III of the CPA Canada Handbook – Accounting. The Board agreed on additional research and continued targeted consultation on options for possible tiering within the existing Part II and Part III frameworks. They also discussed a potential new framework for small entities. The AcSB was not asked to make any final decisions regarding these scaling options and will discuss the next steps for this project at the Board’s October 2023 meeting.

Review the Executive Summary on the AcSB's Web site.