Submit an Issue to the IFRS Discussion Group As reported by The Standard. Members of the public are encouraged to submit issues for possible consideration by the Accounting Standard Board (AcSB) IFRS Discussion Group. For an issue to be considered for a meeting, it must be submitted, in writing, six weeks prior to an upcoming meeting. If a submission is
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The International Accounting Standards Board (the Board) has today issued IFRIC 23 Uncertainty over Income Tax Treatments to specify how to reflect uncertainty in accounting for income taxes. As reported by The Standard. IFRIC Interpretations (Interpretations) form part of the authoritative IFRS requirements. They are developed by the IFRS Interpretations Committee to provide requirements on specific application issues and are
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Meetings of the AcSOC are open to public observation, subject to the discretion of the Chair. As reported by The Standard. Information about the upcoming AcSOC meeting and guidelines for observers are as follows. Dates: June 8, 2017 – 9:45 am to 5:00 pm June 9, 2017 – 11:15 am to 11:45 am Venue: Hyatt Regency Vancouver Balmoral Room 655
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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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