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Category Archives: Accounting

Have your say CPAs: AASB Invitation to Comment – Enhancing Audit Quality in the Public Interest – A Focus on Professional Skepticism, Quality Control and Group Audits

March 21, 2016 Paul Calleri rel="nofollow"Leave a comment

How does audit quality affect you? The AASB has issued an Invitation to Comment on the IAASB’s consultation, which explores how to enhance audit quality. Stakeholders are encouraged to submit their comments by April 15, 2016. (As reported by The Standard) Respondents are asked to email their comment letters (in a Word This Invitation to Comment reflects preliminary suggestions made

How to Describe Your Work Ethic on Your Consulting Resume

March 17, 2016 Paul Calleri rel="nofollow"Leave a comment

Motivated? Driven? Strategic? Responsible? Even if these adjectives describe you as a professional, you should avoid using them when describing your work ethic on your resume for consulting jobs. As: Posted by Robert Half Management Resources on Friday, February 19, 2016 – 07:00 | Follow me Here’s why: They’re buzzwords. (For more examples, see this list from LinkedIn). These are the

AcSB Response – Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts

March 16, 2016 Paul Calleri rel="nofollow"Leave a comment

The AcSB has submitted a comment letter responding to the IASB’s Exposure Draft issued in December 2015. Responses to IASB Documents for Comment IFRS 9 Financial Instruments Exposure Draft – Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts – December 2015-As reported by The Standard On February 8, 2016, the AcSB submitted a comment letter responding to the

Have your say! Request for Issues – IFRS Discussion Group

March 15, 2016 thegaap.net rel="nofollow"Leave a comment

The next meeting of the IFRS Discussion Group will be held in Toronto on May 31, 2016. Individuals are encouraged to submit issues relating to the application of IFRSs in Canada by April 15, 2016. 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

Public Sector Accounting Board (PSAB) Agenda for March 23-24, 2016

March 11, 2016 thegaap.net rel="nofollow"Leave a comment

The topics the Public Sector Accounting Board (PSAB) plans to discuss, in addition to routine updates, and anticipated actions, if any, are outlined below. Although current at the date prepared (March 1, 2016), this agenda is subject to change. As reported by The Standard. PSAB Planning Approve a draft 2017-2020 strategic plan for public comment. Approve the 2016-2017 work plan.

AcSB Response – Application of Materiality to Financial Statements

March 9, 2016 thegaap.net rel="nofollow"Leave a comment

The AcSB has submitted a comment letter responding to the IASB’s Exposure Draft issued in October 2015. Responses to IASB Documents for Comment: as reported by The Standard. Other Exposure Draft – Application of Materiality to Financial Statements – October 2015 On February 25, 2016, the AcSB submitted a comment letter responding to the IASB’s Exposure Draft issued in October 2015.

IFRS Discussion Group – Report on December 3, 2015 Meeting

March 3, 2016 thegaap.net rel="nofollow"Leave a comment

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. The Group comprises members with various backgrounds who participate as individuals in the discussion. Any views expressed in the public meeting do not necessarily represent the views

CPA’s input needed: FYI Article – Explore the AcSB’s Discussion Paper on Agriculture

March 2, 2016 thegaap.net rel="nofollow"Leave a comment

February 2016 Your input is needed! How should private enterprises account for living plants and animals and the harvested products from those plants and animals? Find out about the AcSB’s preliminary views. Agriculture Help shape the future of accounting for agricultural assets under accounting standards for private enterprises. The Accounting Standards Board’s (AcSB) Discussion Paper, “Agriculture,” seeks your input

IASB responds to investors’ call for improved disclosures

March 1, 2016 thegaap.net rel="nofollow"Leave a comment

The IAS 7 amendments become mandatory for annual periods beginning on or after 1 January 2017. The International Accounting Standards Board (the Board), responsible for IFRS Standards, has issued on 29 January 2016 amendments to IAS 7 Statement of Cash Flows. The improvements to disclosures announced today require companies to provide information about changes in their financing liabilities

FYI Article – Annual Improvements: Revised Timing

February 11, 2016 thegaap.net rel="nofollow"Leave a comment

The Accounting Standards Board (AcSB) heard you! Are you aware that the AcSB revised the timing of the annual improvements process for accounting standards for private enterprises? Here’s an overview of the new process; as reported by the Standard. Timing of the Annual Improvements Process In response to stakeholder feedback, in November 2015 the AcSB agreed to revise the timing

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