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Beyond Compliance – Promoting Excellence in Financial Reporting in Canada
  • IFRS - IASB Image
  • Post-implementation review of IFRS 13 completed

    Dec 14, 2018

    On December 14, 2018, the International Accounting Standards Board (the Board) published a summary report on its Post-implementation Review (PIR) of the fair value measurement Standard, IFRS 13, "Fair Value Measurement", which showed that the Standard works as intended.

  • IFRS - IASB Image
  • IASB decides on first potential amendments to IFRS 17

    Dec 13, 2018

    At its meeting on December 11-13, 2018, the International Accounting Standards Board (the Board) discussed IFRS 17, "Insurance Contracts" and 13 of the 25 concerns regarding the standard that were identified in October 2018 as candidates for potential amendments.

  • IASB document (blue) Image
  • IASB publishes proposed amendments to IAS 37 regarding onerous contracts

    Dec 13, 2018

    On December 13, 2018, the International Accounting Standards Board (the Board) published an exposure draft "Cost of Fulfilling a Contract (Proposed amendments to IAS 37)" considering costs a company should include as the cost of fulfilling a contract when assessing whether a contract is onerous. Comments are requested by April 15, 2019.

  • IESBA (International Ethics Standards Board for Accountants) (lt gray) Image
  • Stavros Thomadakis Reappointed IESBA Chairman

    Dec 13, 2018

    On December 13, 2018, the International Ethics Standards Board for Accountants (IESBA) announced the reappointment of Dr. Stavros Thomadakis as IESBA Chairman for a further one-year renewable term commencing January 1, 2019.

  • IFRS - AcSB Image
  • AcSB publishes final framework for reporting performance measures

    Dec 12, 2018

    On December 12, 2018, in order to help enhance the relevance of financial information, the Accounting Standards Board (AcSB) released a framework responding to the needs of stakeholders about the performance measures reported by entities. The framework is aimed at enhancing the usefulness and transparency of performance measures for users when management chooses to report them outside financial statements.

  • IFRS - IASB Image
  • IASB Chairman doubts we are ready for the next crisis, but sees great improvements in financial reporting

    Dec 11, 2018

    On December 11, 2018, the International Accounting Standards Board (IASB) released a speech by IASB® Chairman Hans Hoogervorst, given at the 2018 AICPA Conference on Current SEC and PCAOB Developments. In his speech, Mr. Hoogervorst looked at the lessons learned from the global financial crisis, sketched the enormous risks in the global economy and admitted doubt as to whether the financial system as a whole is ready for the next financial crisis.

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  • ASPE update Image
  • ASPE update

    published Dec 11, 2018

    In this video, our speakers provide a summary of the ASPE standards that are effective in 2018 including amendments to the cost method for investments. They discuss the latest amendments issued by Canadian Accounting Standards Board (AcSB) in relation to retractable or mandatorily redeemable shares issued in tax planning arrangements and related party financial instruments. And finally, they outline the proposed standard for agricultural producers in Canada.

  • Update for Not-for-Profit Organizations Image
  • Update for Not-for-Profit Organizations

    published Dec 11, 2018

    In this video, our speaker reviews the new standards for Not-for-Profit Organizations on tangible capital assets, intangible assets and collections.

  • Assurance update Image
  • Assurance update

    published Dec 11, 2018

    In this video, our speaker provides an overview of the Auditor Reporting Standards that will change all external audit reports issued this year.

  • Income tax update  Image
  • Income tax update

    published Dec 11, 2018

    In this video, our speaker provides an overview of income tax implications resulting from the last federal budget and tax planning opportunities to consider for year-end. Topics include income splitting, passive income and small business deductions, as well as changes to the taxation of work-in-progress.

  • Data Analytics and Visualization Tools Image
  • Data Analytics and Visualization Tools

    published Dec 11, 2018

    In this video, our speaker discusses private sector trends in data analytics and visualization and what Finance teams need to do to begin their journey with supporting tools.

  • Digitization of the controllership function Image
  • Digitization of the controllership function

    published Dec 11, 2018

    In the final video of the series, our speaker discusses the latest digital trends through the lens of the traditional controllership to assist you in preparing for the digital disruptors that face private companies today.

  • Clearly IFRS Image
  • Clearly IFRS® – IASB amends the definition of material

    published Dec 10, 2018

    This issue addresses the recent amendments to IAS 1 Presentation of Financial Statements and IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors that have been published by the International Accounting Standards Board (IASB). The amendments are titled Definition of Material—Amendments to IAS 1 and IAS 8.

  • Webcast ASPE Image
  • Investor trends and perspectives on TCFD recommendations

    published Dec 10, 2018

    Attend this webinar to learn about how investors are integrating climate change issues into investment decisions and utilizing the Task Force on Climate-related Financial Disclosures (TCFD) recommendations.

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