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
Read more
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
Read more
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.
Read more
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.
Read more
Eligible for One CPD point & the webinar is free Do you want to find out what it takes to ensure a successful business? Solid experience in the implementation of methods that make the difference between achieving business objectives is worth its weight in gold. What are the pillars of successful business? Discover why it is so important to structure
Read more
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
Read more
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
Read more
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
Read more
What Makes a Successful Financial Consultant? With more regulations affecting businesses and new technology emerging, firms are hungry for specialized professionals to handle complex finance and accounting projects. However, many organizations may not need this expertise on a full-time basis. This is where financial consultants come in. Financial consulting can be a rewarding career path for senior-level accounting and financial
Read more
Interested in Becoming a Member of the User Advisory Council? The AcSB is looking for new members for its User Advisory Council.(as reported in The Standard) The Council, established by the Accounting Standards Board (AcSB), acts in an advisory role to assist the Board in understanding how users use financial information. Users include: investors and investment professionals; equity and credit
Read more