Has a new annual reporting period begun for your organization? Make sure you know the effective dates of accounting standards issued recently The Standard reports: No matter the type of reporting entity you are and which set of accounting standards you apply, it pays to be mindful of when recently issued pronouncements become effective. Especially now that a new
Read more
In order for a company to create an efficient Performance measurement and incentives plan, it has to align multiple interdependent elements with the goals of the business. The idea is to ensure that it communicates a clear standard when it comes to the behavior of its employees. The plan needs to have a purpose, in addition, it has to
Read more
Step up and use your skills and knowledge to help the Task Force; or if you know someone who would be suitable let them know about this volunteer opportunity. PSAB is currently seeking members for its Public Private Partnerships Task Force. If you are interested, please submit a resumé by February 15, 2016; as reported by the Standard. This Task Force
Read more
January 2016: as reported by The Standard. The New Revenue Standard In September 2015, the International Accounting Standards Board (IASB) deferred the effective date of IFRS 15 Revenue from Contracts with Customers by one year to provide entities with more time for implementation. The standard is now effective for annual periods beginning on or after January 1, 2018. Comparatives are required
Read more
Come join us in congratulating Mr. Reinhard Dotzlaw. Reinhard Dotzlaw, National Managing Partner, Audit Professional Practice, KPMG Canada, has been reappointed as a member of the IASB’s IFRS Interpretations Committee. Mr. Dotzlaw will serve a second three-year term commencing July 1, 2016. Visit TheGAAP.net daily to be kept up to date on accounting information, trends and changes. Visit
Read more
BIGGEST FEARS FOR CFOS Canadian CFOs have traditionally expressed higher net optimism than their U.S. counterparts, so this quarter’s findings mark a significant change from the past. Although sales growth expectations in Canada continue to outpace those in the United States and earnings growth expectations are roughly the same, Canadian CFOs are more muted when it comes to such
Read more
The Auditing and Assurance Standards Board (AASB) issued an Exposure Draft that seeks input on Canadian amendments to ISA 720, The Auditor’s Responsibilities Relating to Other Information. Tune in to this webinar on January 12, 2016 (English) and February 2, 2016 (French) to learn about AASB’s recently issued Exposure Draft on Canadian amendments to ISA 720. Register today! Visit
Read more
The Accounting Standards Board(AcSB) has published an executive summary of discussions and decisions with respect to the topics addressed at this meeting. Topics covered: International Financial Reporting Standards Standards for Private Enterprises Governance and Planning Read more Visit TheGAAP.net daily to be kept up to date on accounting information, trends and changes. Visit also for your CPD needs:
Read more
IASB Exposure Draft – Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts (Proposed Amendments to IFRS 4) The IASB has issued an Exposure Draft proposing amendments to IFRS 4 Insurance Contracts. Canadian stakeholders are encouraged to submit their comments to the IASB by February 8, 2016. Comment on this document today! TheGAAP.net is holding a: Buy One-Get One Free
Read more
*Help Build Your Business Success* * Employ Creative-Thinking Strategies * * Learn to Network More Effectively * 1 CPD Credit per webinar Sign-up for a webinar before December 28th and attend another webinar in 2016 at NO COST! All webinars are recorded so you can watch at your convenience. Sign-up today! Click For More Information … CURRENT WEBINARS 1. Business Success Webinar – Dec.
Read more