At its meeting on November 12-13, 2018, the AcSB discussed key points to include in its response letter to the CSA’s Proposed National Instrument 52-112, Non-GAAP and Other Financial Measures Disclosure. The Board considered the feedback from its Academic Advisory Council and User Advisory Council. The Board encourages stakeholders to share their views on the Notice and Request for Comments by submitting comment letters to the CSA by December 5, 2018.

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

At its meeting on November 12-13, 2018, the AcSB discussed key points to include in its response letter to the IASB’s Discussion Paper, “Financial Instruments with Characteristics of Equity.” The Board considered the feedback from its IFRS® Discussion Group, Academic Advisory Council, and User Advisory Council. The Board’s views will also be informed by feedback from roundtable discussions held in various cities across Canada with IASB member Tom Scott. The Board encourages stakeholders to share their views on the IASB’s Discussion Paper by submitting a response to the IASB by January 7, 2019.

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

At its meeting on November 12-13, 2018, the AcSB continued deliberating the feedback on the Draft Framework from consultations, written responses, and a survey. The feedback showed that: (i) over 70 per cent of survey respondents indicated that guidance contained in the Framework is valuable; and (ii) over 75 per cent said they would likely apply the guidance as part of enhancing the reporting of financial and operational performance measures. The Board is finalizing the revised Framework to issue in December 2018. This will make the voluntary guidance available for entities when developing and reporting year-end performance measures.

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