The International Accounting Standards Board (the Board) has today issued IFRS 17 Insurance Contracts. This first truly international IFRS Standard for insurance contracts will help investors and others better understand insurers’ risk exposure, profitability and financial position. As reported by The Standard. IFRS 17 replaces IFRS 4, which was brought in as an interim Standard in 2004. IFRS 4 has
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“…the deadline for AMD payments and CPD declarations is June 1, 2017. Log in to cpaontario.ca/AMD to complete both today. Payments and/or declarations received between June 2 and 30, 2017, are subject to late fees. Members with outstanding payments and/or declarations after June 30, 2017, are subject to membership suspension.”” as reported by CPA Ontario. Annually, members are required to
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An executive summary of discussions and decisions with respect to the topics addressed at this meeting. As reported by The Standard. This summary of Accounting Standards Board (AcSB) decisions has been prepared for information purposes only. Decisions reported are tentative and reflect only the current status of discussion on projects, which may change after further deliberations by the AcSB. Decisions
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The IASB has issued a Discussion Paper that suggests principles to make disclosures in financial statements more effective. Canadian stakeholders are encouraged to provide feedback directly to the IASB by October 2, 2017. As reported by The Standard. Comments to be received by 2 October 2017 Take action Visit TheGAAP.net daily to be kept up to date on accounting information,
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The International Accounting Standards Board (the Board) has today published proposed improvements to the IFRS Standard covering operating segments, IFRS 8, for public consultation. As reported by The Standard. IFRS 8 Operating Segments was issued in 2006. It sets out the disclosure requirements for information about a company’s operating segments, products and services, as well as about the geographical areas in
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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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Are you are a C-Level Executive, Management or a team member with a valuable skill set who has contemplated quitting your present job?. Do not be alarmed you are not alone. Many employees like yourself often ask themselves the same question. Should I quit, find another job that is less stressful with more job satisfaction and flexibility. However, the research
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An executive summary of discussions and decisions with respect to the topics addressed at this meeting. As reported by The Standard. International Financial Reporting Standards Annual Improvements 2015-2017 The AcSB discussed and approved its response letter to the IASB’s Exposure Draft, “Annual Improvements to IFRS Standards 2015-2017 Cycle,” subject to drafting changes. IFRS Financial Statement Users The AcSB discussed the
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Tune in to this webinar on May 9, 2017 (English) or May 10, 2017 (French) to get the latest updates on the AcSB’s projects for Redeemable Preferred Shares, Financial Instruments, Agriculture and other developments in financial reporting. As reported by The Standard. Accounting Standards Board Decision Summary March 21-22, 2017 This summary of Accounting Standards Board (AcSB) decisions has been
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The AASB is seeking a professional accountant to join it’s highly skilled, and energetic team committed to developing auditing and other assurance standards for Canadian practitioners. Do you possess competencies in critical thinking, project management, communication, and interpersonal skills? Contact Claire Chester, Manager, CPA Canada for details or apply today. As reported by the Standard on April the 12th., 2017.
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