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AcSB Exposure Draft – Updating References to the Conceptual Framework

  • IFRS - AcSB Image

Aug 12, 2015

On August 12, 2015, the Accounting Standards Board (AcSB) issued an Exposure Draft that corresponds to the International Accounting Standards Board's (IASB) Exposure Draft on this topic. Canadian stakeholders are encouraged to submit their comments by October 26, 2015.

The AcSB proposes to incorporate into Part I of the CPA Canada Handbook – Accounting amendments to:

  • IFRS 2, Share-based Payment;
  • IFRS 3, Business Combinations;
  • IFRS 6, Exploration for and Evaluation of Mineral Resources;
  • IAS 1, Presentation of Financial Statements;
  • IAS 8, Accounting Policies, Changes in Accounting Estimates and Errors;
  • IAS 34, Interim Financial Reporting;
  • SIC-27, Evaluating the Substance of Transactions Involving the Legal Form of a Lease; and
  • SIC-32, Intangible Assets — Web Site Costs.

The AcSB encourages Canadian stakeholders to respond to the IASB on its Exposure Draft. The deadline for responding to the IASB on its Exposure Draft is October 26, 2015.

Review the AcSB Exposure Draft in the AcSB's Web Site.

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