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AcSB Annual Plan – 2019-2020

  • IFRS - AcSB Image

Apr 01, 2019

On April 1, 2019, the Ac­count­ing Stan­dards Board (AcSB) pub­lished its Annual Plan for 2019-2020. This Annual Plan sets out the Board’s key activities in 2019-2020, in order to help it achieve the objectives in its five-year Strategic Plan for 2016-2021.

The AcSB is in the fourth year of its current Strategic Plan.

With respect to the longer term, in order to move forward with its research program, the AcSB will:

  • continue to provide research support to the IASB as it furthers its work on projects important to Canadian stakeholders, such as the Extractive Activities Project and Rate Regulated Activities.
  • continue to seek opportunities to better understand user needs and the financial reporting environment for private enterprises and not-for-profit organizations.
  • undertake research to consider whether an update to the Preface to the CPA Canada Handbook – Accounting is required.
  • conduct research to understand what type of entities currently use Part II – Accounting Standards for Private Enterprises of the Handbook.
  • gain an understanding of the nature and extent of issues arising on the application of Part IV – Accounting Standards for Pension Plans of the Handbook.
  • be considering options for the removal of Part V – Pre-changeover Accounting Standards from the Handbook.

For further details, refer to the Annual Plan on the AcSB's web­site.

 

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