These types of amendments are generally referred to as “corrective disclosure” and include the following:

• Restatement and refiling of financial statements;
• Amending and refiling previously filed continuous disclosure documents;
• Filing documents that were to have been previously filed; and
• Clarifying or removing website or social media content.

Review the Staff Notice on the OSC's website and a summary on Stikeman Elliott's website.

This webcast is part of a series to support the implementation of IFRS 17.

Review the press release on the Board’s website. In addition, earlier webcasts and webinars on IFRS 17 are available through an archive.

Blockchain’s rise to prominence was led by an interest in blockchain-based token sales, commonly referred to as initial coin offerings (ICOs), which raised almost US$4 billion in 2017 alone. Yet despite blockchain’s impressive growth, many commentators believe we have just scratched the surface, labelling 2018 the “Year of Blockchain.”

Review the full article on Davies' website.

Robert Uhl is US National Director of Accounting Standards. He is also the US leader on Deloitte’s Global IFRS Leadership Team and a member of the Financial Accounting Standard Board’s Emerging Issues Task Force.

The other reappointed member, Jongsoo Han, is a Member of the Korea Accounting Standards Board (KASB) and Chairman of the Korea Institute of CPAs’ Accounting Research Committee.

Review the press release on the International Accounting Standards Board's website.

This issue features:

• Spotlight — Timing and amount of revenue recognition
• IFRS 15 In Profile
• Project updates
• Information on investor materials and current events

Review the Investor Update newsletter on the Board’s website.

He will succeed current IFAC Chief Executive Officer, Fayez Choudhury, whose term expires at the end of the year.

Review the press release on the IFAC's website.

The topics discussed at this meeting include:

• Boundary of reinsurance contracts held
• Separation of insurance components of a single insurance contract
• Boundary of contracts with annual repricing mechanisms
• Insurance acquisition cash flows paid on an initially written contract
• Determining quantity of benefits for identifying coverage units
• Insurance acquisition cash flows when using fair value transition
• Reporting on other questions submitted to the IASB® Transition Resource Group for IFRS 17, Insurance Contracts

Review the summary on the AcSB's website.

In the first phase of the project, the European Commission asked EFRAG to collect quantitative data on the current holdings of equity instruments and their accounting treatment and investigate if entities expect that the new accounting requirements will affect their decisions in relation to investment in equity instruments. EFRAG reported its findings from this first phase in January 2018.

In the second phase of the project, the Commission asked EFRAG to provide advice on whether and how the requirements in IFRS 9 on accounting for holdings of equity instruments could be improved. As part of its due process, EFRAG has now published the discussion paper to gather constituents' views on recycling and impairment of equity instruments designated at fair value through other comprehensive income.

EFRAG has not included a preliminary view on the issues explored. Rather, the paper analyses the relevance of recycling in the context of a long-term investment business model and presents arguments on the conceptual relationship between recycling gains and losses on derecognition and impairment. The paper considers how the application problems identified with IAS 39's impairment model for available-for-sale equity instruments could be addressed. It illustrates an impairment model and a revaluation model but does not express a preliminary view as to which, if either, of these two models is preferable.

​Comments on the discussion paper are expected by May 25, 2018.

Review the discussion paper on the EFRAG's website.

The proposed update would specifically clarify the accounting for implementation costs related to a cloud computing arrangement that is a service contract. It also would provide more disclosures of the implementation costs for internal-use software and cloud computing arrangements.

Review the press release and the exposure draft on the FASBs website.

The GAO says that the biggest constraint that the SEC faces in reviewing the adequacy of climate-related disclosure is its dependence on self-reporting.

The GAO also found that, not surprisingly, companies think they’re doing enough in terms of climate-related risk disclosure. But while some investor groups push for more, the GAO says there’s not a clear consensus on how big a priority this should be.

Review the full report on the GAO's website.