Author Archives: thegaap.net

Four Things to Know Before Your IPO.

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In an article by Robert Half Management Resources: Jim Deloach who is the managing director for Protiviti goes on to say “what companies don’t know about the process can drive an offering off the rails in a hurry”.   Read the full article: http://blog.roberthalfmr.com/things-know-before-ipo?utm_campaign=RHMR+Blog&utm_source=hs_email&utm_medium=email&utm_content=16606361&_hsenc=p2ANqtz–kOn9f_XzXYpe_Ehs0FT4doFplhazwcKac9nA8wAvCsPmrzFNEFtQ3p57cU_RkRhFZ23ydS1qCRO7QAQUzzC_WaIZB2g&_hsmi=16606361   Have you undertaken an IPO? If so do you have any other advice for our

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Is your company affected by FATCA?

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Is your company affected by FATCA? The U.S. government has enacted the Foreign Account Tax Compliance Act (FATCA) to combat offshore tax evasion by U.S. people. In 2014 Canada and the U.S. have entered into an intergovernmental agreement (IGA) that in effect requires Canadian financial institutions (FIs) to comply with FATCA. If your company is affected by FATCA; what are

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IASB Investor Update and Q&A with Dick Sluimers

The IFRS foundation has released: Issue 5 of the IASB Investor Update and Q&A with Dick Sluimers, CEO of APG Group and a Trustee of the IFRS Foundation. Follow to see The Investor Update: http://www.ifrs.org/Updates/Investor-Updates/Pages/Home.aspx   Follow to see an interview with DickSluimers(an IFRS Foundation Trustee) on the merits of joining the Investors in Financial Reporting programme and contributing to

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Summary of the Model for Insurance Contracts without Participation Features

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The IASB’s summary of the model for insurance contracts without participation features is now available. http://www.ifrs.org/Current-Projects/IASB-Projects/Insurance-Contracts/Documents/2015/Insurance-Contracts-without-Participation-Features-March-2015.pdf In addition, the following has been updated on the Insurance Contracts project website: Insurance Contracts: Project Overview (Summary of the progress to date) http://www.ifrs.org/Current-Projects/IASB-Projects/Insurance-Contracts/Documents/2015/High%20level%20project%20update.pdf Due Process Overview (Key Due Process steps undertaken to date) http://www.ifrs.org/Current-Projects/IASB-Projects/Insurance-Contracts/Documents/2015/20150312%20-%20Due%20Process%20overview.pdf Due Process Steps (As per the IASB: “[This] shows how the IASB

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Speech by Hans Hoogervorst: ‘Bad accounting breeds bad policies’

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Hans Hoogervorst, Chairman of the International Accounting Standards Board (IASB) said in a speech in Edinburgh, Scotland; everybody is best served by accounting that reflects the economic reality, even if it makes for uncomfortable reading.   He also said ‘Bad accounting breeds bad policies‘.   Follow for the press release and speech. http://www.ifrs.org/Alerts/Conference/Pages/Speech-by-Bad-accounting-breeds-bad-policies-March-2015.aspx     What do you think of

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March is Fraud Prevention Month!

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On behalf of the Fraud Prevention Forum; the Competition Bureau has brought you the following: FRAUD: RECOGNIZE IT. REPORT IT. STOP IT. The Competition Bureau goes on to say: Fraud by telephone, Internet and mail is a serious international problem. It steals your money, your identity and even your self-respect. You can protect yourself by learning to recognize the signs.

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IASB Research Projects Update

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The IASB discussed the following elements of the Research Projects in their February meeting: ·         Disclosure Initiative ·         Business Combinations All of the agenda papers presented by the staff are available as follows: http://www.ifrs.org/Meetings/Pages/IASB-Meeting-February-2015.aspx The next meeting is to be held on March the 17th to 19th 2015. Follow to see the agenda papers: http://www.ifrs.org/Meetings/Pages/IASB-Meeting-March-2015.aspx Do you have any relevant

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The IFRS Foundation publishes the IFRS Taxonomy 2015

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The IFRS issued the IFRS Taxonomy 2015 today, which is is consistent with IFRS as issued by the International Accounting Standards Board (IASB) at 1 January 2015 which included including Standards issued but not yet effective at that date. Follow for the full news story: http://www.ifrs.org/Alerts/XBRL/Pages/The-IFRS-Foundation-publishes-the-IFRS-Taxonomy-2015-.aspx Note: The IFRS Taxonomy Team announced that they will be holding a IFRS Taxonomy

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New IFRS French Translations Available Online

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The IFRS Foundation is pleased to announce New French translations for Investment Entities: Applying the Consolidation Exception (Amendments to IFRS 10, IFRS 12 and IAS 28)and Disclosure Initiative (Amendments to IAS 1). eIFRS Professional/eIFRS Comprehensive subscribers can access theses translations from the following: http://eifrs.ifrs.org/eifrs/PDFArchive?categoryId=469&sidebarCategoryId=1 The French translation of the Exposure Draft Classification of Liabilities (Proposed Amendments to IAS 1), can

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