This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice (http://www2.deloitte.com/ca/en/legal/cookies.html) for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.
Beyond compliance – Promoting excellence in financial reporting
  • US_FASB Image
  • FASB issues new standard on not-for-profit financial statements

    Aug 19, 2016

    On August 19, 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-14, “Presentation of Financial Statements of Not-for-Profit Entities,” which simplifies how a not-for-profit organization (1) classifies net assets and (2) presents information in financial statements.

  • IFRS - IASB Image
  • New Member of the IFRS Foundation Monitoring Board

    Aug 19, 2016

    On August 19, 2016, the IFRS Foundation Monitoring Board, responsible for the oversight of the IFRS Foundation, has published a press release announcing that the Ministry of Finance of the People’s Republic of China (China MOF) is now a member of the Monitoring Board.

  • IAASB - Assurance Image
  • IAASB Releases Working Group Paper on Supporting Credibility and Trust in Emerging Forms of External Reporting

    Aug 18, 2016

    On August 18, 2016, the International Auditing and Assurance Standards Board (IAASB) released a Discussion Paper, “Supporting Credibility and Trust in Emerging Forms of External Reporting: Ten Key Challenges for Assurance Engagements”. The Discussion Paper sets out the principal findings from research and outreach regarding developments in emerging forms of external reporting (referred to as EER) frameworks and professional services most relevant to EER reports, irrespective of whether such reports are part of the annual report or published as separate reports. An important form of EER is integrated reporting.

  • Securities - CSA Image
  • Canadian Securities Regulators Seek Comment in Advance of Move to T+2 Settlement Cycle

    Aug 18, 2016

    On August 18, 2016, the Canadian Securities Administrators (CSA) published proposed amendments to National Instrument 24-101, Institutional Trade Matching and Settlement, in addition to CSA Consultation Paper 24-402, Policy Considerations for Enhancing Settlement Discipline in a T+2 Settlement Cycle Environment. The comment period is open until November 16, 2016.

  • IFRS - OSFI Image
  • OSFI's Revised Pillar 3 Disclosure Requirements

    Aug 17, 2016

    On August 17, 2016, the Office of the Superintendent of Financial Institutions (OSFI) issued a letter which communicates its expectations on the implementation date of the Revised Basel Pillar 3 standards for Canadian domestic systemically important banks (D-SIBs) and expectations for small and medium size banks.

  • AASB Image
  • AASB Strategic Plan – 2016-2021

    Aug 17, 2016

    On August 17, 2016, the Auditing and Assurance Standards Board (AASB) released its Strategic Plan for 2016-2021 which outlines its mission, vision, strategic objectives, specific strategies and actions that will guide it in carrying out its standard-setting mandate for this period.

News RSS Feed  Link
 
  • Effective anti-fraud and anti-corruption programs – July 2016 Image
  • Effective anti-fraud and anti-corruption programs – July 2016

    published Jul 19, 2016

    David Doyle, chief compliance officer Starwood Hotels & Resorts Worldwide, Anthony Campanelli, Partner, Deloitte Financial Advisory Services in the United States, and Kris Wentzel, Partner, Enterprise Risk Services, Deloitte Canada, discuss mitigating fraud risks and the importance of an effective whistleblower program. Today, when the typical organization loses five percent of its revenues to fraud and corruption each year, and regulators are taking an increasingly aggressive stance in enforcing anti-corruption laws, directors may be found personally liable if they are found to be less than diligent in carrying out their responsibilities for ensuring that management puts in place effective anti-fraud and anti-corruption programs and controls

  • Illustrative IFRS financial statements for Investment Funds 2015 Image
  • Illustrative IFRS financial statements for Investment Funds 2015

    published Jun 30, 2016

    This publication illustrates the presentation and disclosure requirements of IFRS for investment funds. It includes standards applicable (without early adoption) as of December 31, 2015. It also contains additional disclosures that are considered to be best industry practice, particularly where such disclosures are included in illustrative examples provided with a specific standard.

  • FRI thumbnail 2016 Image
  • Financial Reporting Insights - June 2016

    published Jun 23, 2016

    During the first half of 2016, we saw a renewed focus on non-Generally Accepted Accounting Principle (non-GAAP) financial measure disclosures by securities regulators on both sides of the border, as well as globally. In our CFO’s corner series, Alexia Donoghue from our National Securities group explores what this means for Canadian reporting issuers, and highlights what regulators in other jurisdictions are doing to address these non-GAAP financial measures.

  • Audit data analytics alert: Keeping up with the pace of change Image
  • Audit data analytics alert: Keeping up with the pace of change

    published Jun 21, 2016

    This Audit Data Analytics Alert (Alert) is being issued to raise awareness about data analytics in the context of the audit of financial statements. This Alert serves to explain the term audit data analytics and highlight the drivers/opportunities, and hurdles to overcome in regard to integrating more extensive use of data analytics into the audit of the financial statements.

  • Webcast IFRS Image
  • IFRS 15 - Revenue from Contracts with Customers

    published Jun 14, 2016

    In this webcast our panel of experts will discuss the recently issued amendments to the IFRS15 revenue standard and provide greater clarity on the potential impacts, effects, and some key considerations that will assist your organization as you work through implementation.

  • More publications
  • Publication RSS Feed  Link
     

    Correction list for hyphenation

    These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.