At its meeting on November 10-11, 2021, the AcSB discussed its draft response letter to the IASB’s Exposure Draft and provided staff with comments to incorporate into the final letter. The Board encourages stakeholders to share their views on the Exposure Draft by submitting their response letters to the IASB by January 12, 2022, with a copy to the AcSB. If respondents would like the Board to consider their comments before finalizing its letter to the IASB, they should submit their response letters to the AcSB before December 15, 2021.

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

At its meeting on November 10-11, 2021, the AcSB discussed its draft response letter to the IASB’s Exposure Draft and provided staff with comments to incorporate into the final letter. The Board encourages stakeholders to share their views on the Exposure Draft by submitting their response letters to the IASB by November 23, 2021, with a copy to the AcSB.

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

At its meeting on November 10-11, 2021, the AcSB discussed the proposals to include in the Exposure Draft to amend Section 4600, Pension Plans. The Board considered feedback from its Pension Plan Working Group and directed staff to make clarifications to the proposals. The Board reaffirmed the proposals will address the following topics: (i) determining whether a statement of changes in pension obligations for defined contribution plans is required; (ii) determining the split or amalgamation date for pension plans; (iii) accounting for guaranteed annuity contracts (commonly known as “buy-in and buy-out” contracts); (iv) presentation of combination pension plans; and (v) disclosing risks for investments in master trusts. The AcSB expects to issue the Exposure Draft no later than March 1, 2022, with an anticipated comment period deadline of June 15, 2022.

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