Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
Please note: This course will not be available until Wednesday, October 14, 2026.
Participants will gain a clear understanding of recent and upcoming updates to Accounting Standards for Private Enterprises (ASPE). The course highlights standard changes effective in 2026 and beyond, as well as key areas currently under review by the AcSB.
Participants will also explore areas where financial statement preparers and practitioners commonly encounter challenges, supported by practical examples that reflect issues outlined across modules in the course materials.
Topics include:
- Recent amendments to ASPE, including agriculture and related party combinations under common control.
- Accounting guideline AcG-21 Insurance Contracts With Cash Surrender Value.
- Exposure draft and Consultation Paper impacting future ASPE requirements, Exposure Draft - Relief from Recognition of Acquired Intangible assets and Amortization of Goodwill and Consultation Papers – Advancing Accounting Standards Together 2027-2032 Draft Strategic Plan and Detailed Review of Accounting Standards for Private Enterprises (ASPE).
- Active AcSB projects impacting future ASPE requirements, such as 2026-2027 package of minor amendments, derecognition of financial liabilities, financial statement concepts and guidance framework.
- Common ASPE deficiencies and current “hot topics,” including classification issues, revenue considerations, risk disclosures, and the accounting implications of economic uncertainty.
NOTE: This course description has been revised and reflects updates for 2026. If you have any questions, please contact pdevents@cpaontario.ca.
Key Takeaways
By the end of this course, participants should be able to:
- Apply and explain new and revised ASPE standards that take effect in 2026 and beyond.
- Describe implications of Exposure Drafts, Consultation Papers and developments in other projects
- Identify improvements related to common deficiencies observed in ASPE financial statements.
- Locate and use relevant publications and resource materials that support the application of ASPE.
Who Will Benefit
- Professionals involved in preparing or analyzing financial statements for small- and medium-sized entities.
- Practitioners who provide assurance services on ASPE financial statements.
Prerequisite(s)
- Participants should be familiar with existing ASPE Standards.
How to Access the Course
Please note that access to this course will begin on Wednesday, October 14, 2026. You will receive an email when the course is available and your Blackboard access has been enabled. Your access time starts on the date access is provided.
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To access the course on your computer please visit our BlackBoard site, and log-in using the same login and password used for the Registration Portal.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.
Can't attend this session? Click here to view additional ASPE Update seminar dates and find a date that works for you