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AcSB Decision Summary – September 21-22, 2016

Start date:

End date:

Location: Toronto

On September 30, 2016, the Accounting Standards Board (AcSB) released an executive summary of discussions and decisions with respect to the topics addressed at this meeting.

The following topics were discussed:

International Financial Reporting Standards

  • Definition of a Business and Accounting for Previously Held Interests (Amend IFRS 3 and IFRS 11)
  • IFRS Discussion Group
  • Rate-regulated Activities


  • FASB Invitation to Comment
  • Clarifying the Definition of a Business

Due Process

  • AcSB Terms of Reference and Statement of Operating Procedures
  • AcSB Committees’ Terms of Reference and Statements of Operating Procedures
  • IFRS Discussion Group

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

Related Topics

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