Category Archives: IFRS Updates

AcSB Exposure Draft – Prepayment Features with Negative Compensation (Proposed amendments to IFRS 9)

Accounting Standards Board

The AcSB has issued an Exposure Draft that corresponds to the IASB’s Exposure Draft on this topic. As reported by The Standard. Stakeholders are encouraged to submit their comments by May 24, 2017. Respondents are asked to email their comment letters (in a Word file) to: ed.accounting@cpacanada.ca. Please address your comments to: Rebecca Villmann, CPA, CA,  CPA (Illinois) Director, Accounting

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AcSB Due Process Activities – 2016 Changes to Part I

IFRS update

This document summarizes the due process activities the AcSB undertook in support of the changes made to Part I of the Handbook during 2016. Foreword During 2016, the Accounting Standards Board (AcSB) approved and incorporated into Part I of the CPA Canada Handbook – Accounting, new or amended International Financial Reporting Standards (IFRSs) issued by the International Accounting Standards Board

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AcSB Exposure Draft – Annual Improvements to IFRS Standards 2015 – 2017 Cycle

IFRS update

The AcSB has issued an Exposure Draft that corresponds to the IASB’s Exposure Draft on this topic. Stakeholders are encouraged to submit their comments by April 12, 2017. Annual Improvements to IFRS Standards 2015 – 2017 Cycle February 2017 COMMENTS TO THE IASB AND THE AcSB MUST BE RECEIVED BY APRIL 12, 2017 Respondents are asked to email their comment

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Final Amendments – Annual Improvements to IFRS Standards 2014 – 2016 Cycle

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The IASB has issued final amendments to three IFRSs as part of its Annual Improvements project. The amendments have varying effective dates. As reported by The Standard. International Accounting Standards Board issues minor changes to IFRS Standards  08 December 2016 Page Content The International Accounting Standards Board (the Board) has today issued several amendments to IFRS Standards and an Interpretation that

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Final IFRIC Interpretation – Foreign Currency Transactions and Advance Consideration

IFRS

The International Accounting Standards Board (the Board) has today issued several amendments to IFRS Standards and an Interpretation that clarifies the requirements in particular Standards. These changes are part of the Board’s process to maintain IFRS Standards. As reported by The Standard. The changes include: annual improvements to IFRS Standards—these are minor amendments that clarify, correct or remove redundant wording in

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Professor Tom Scott to become member of the International Accounting Standards Board

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The Trustees of the IFRS Foundation have appointed Canadian academic Tom Scott as a member of the International Accounting Standards Board (the Board). He will join the organisation in April for an initial five-year term. As reported by the IFRS Foundation. Mr Scott has been an academic in the field of accounting at various universities in Canada since the late

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Listen to the latest webinar on the forthcoming insurance contracts Standard

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In November 2016, the International Accounting Standards Board discussed issues that arose during the external testing and drafting of the forthcoming insurance contracts Standard. This webinar provides an updated overview of the forthcoming Standard reflecting November’s decisions and covers the following: The need for change and the history of the project Level of aggregation Applying the Standard for the first

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Webinar – IFRS Update with the AcSB and IASB

IFRS update

Sign up now!Tune in to this webinar on October 12, 2016 to hear from the AcSB Chair, Linda Mezon, and IASB Board member, Stephen Cooper. Stephen will provide an update on IFRSs, giving Canadians a rare opportunity to discuss IFRS-related topics directly with a member of the IASB. As reported by The Standard. Event Details Location and date: Online (English)

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DON’T FORGET! IFRS Discussion Group Meeting Agenda – September 13, 2016

IFRS update

An agenda covering the topics for discussion is now available. Get more information about the meeting to be held in Saskatoon, including how to attend in person. Date: September 13, 2016 – 9:00 am to 3:00 pm Location: Delta Bessborough Salon Batoche 601 Spadina Crescent East Saskatoon SK  S7K 3G8 Public Observation: Complete the Observer Registration Form Read the Guidelines for

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IFRS Discussion Group – Report on May 31, 2016 Meeting

IFRS update

Read the report for details about the Group’s discussions. As reported by The Standard. IFRS Discussion Group Archived Audio Webcast May 31, 2016 The IFRS Discussion Group is a discussion forum only. The Group’s purpose is to assist the Accounting Standards Board (AcSB) regarding the identification of issues arising on the application of International Financial Reporting Standards (IFRSs) in Canada.

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