The IFRS Foundation has announced a new Commercials Companies Law. Commercials Companies Law No. 2 of 2015 came into effect in the United Arab Emirates and requires all UAE (United Arab Emirates) companies to apply the international accounting standards and practices, namely IFRS. The previous laws had only required compliance with international standards and practices, which had been interpreted as
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Roundtable Discussions – Stakeholders’ Views Sought on the AcSB 2016-2021 Draft Strategic Plan The Accounting Standards Board’s (AcSB’s) “roundtable discussions being held July through September 2015 to share your views on the Invitation to Comment on its 2016-2021 Draft Strategic Plan, “Accounting Standards in Canada: At the Leading Edge of Financial Reporting.” The strategies affect a wide range of stakeholders.” Register today! Visit
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Accountants: This IFRS Webinar is important for some and imperative for others Webinar – Developments in IFRSs: 2015 Mid-year Update The Standard announced “Tune in to this webinar on June 19, 2015 (French) or June 26, 2015 (English) to get an up-to-date briefing on IFRSs.” It is important that International Financial Reporting Standards (IFRSs) be kept up to date by all those who
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Standards for Private Enterprises – Webinar Webinar – Developments in ASPE and NFPO Standards: 2015 Mid-year Update The Standard announced that on June 17, 2015 (English) and June 10, 2015 (French) tune in to this webinar “to hear about what is happening with accounting standards for private enterprises and not-for-profit organizations.” This webinar features the following speaker: Brian Drayton, FCA, CMC, member
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The AcSB Annual Plan sets out the AcSB’s objectives and planned activities for: publicly accountable enterprise, private enterprises, and not-for-profit organizations along with other initiatives to be undertaken in 2015-2016. The key elements that will be considered in the Annual plan are summarized as follows: The maintenance of the separate strategies for “each major category of reporting entity.” The AcSB will continue to support the
Read moreEric Turner has been promoted to the new Director, Auditing and Assurance Standards; effective on May 1, 2015. He has succeeded Greg Shields who retires as of July 31, 2015. For more than 20 years Eric has been with CPA Canada and its predecessor. During that time Eric has distinguished himself through effective staff support for many complex standard-setting initiatives.
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Reporting revolution! Significant changes to the auditor’s report are getting closer. The AASB plans international standards for auditor reporting in 2017. The Auditing and Assurance Standards Board (AASB)’s recent developments are bringing closer the reality of significant changes to the auditor’s report (form and content). Eric Turner, CPA, CA (Director, Auditing and Assurance Standards, CPA Canada) goes on to say
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View the video recording of the IFRS Foundation Trustees and the Canadian Accounting Standards Oversight Council (AsSOC) joint event to discuss Canada’s perspective on IFRS and global standards. The video recording is as follows: Video Time Presenter 00:00 Opening: Linda Mezon, Chair of the Canadian Accounting Standards Board 08:45 Eulogy to Harvey Goldschmid: Michel Prada, Chairman of the IFRS Foundation
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