In the survey, 96% of respondents agree that bringing financial and non-financial information together provides a more forward-looking, longer-term view of performance.

Executives globally agree on the increasing benefit of understanding and communicating the value creation potential of their organizations to build relationships with stakeholders and improve integrated thinking and strategic decision-making.

But the latest Purpose Beyond Profit: The Value of Value – Board-level Insights survey shows executives lack the management and reporting information to understand and interpret the future drivers of their business.

Review the report on the IIRC's website.

The proposed investment will serve primarily to establish the Canadian Centre for Cyber Security and the National Cybercrime Coordination Unit, which will serve as pillars of the federal government’s soon to be announced National Cyber Security Strategy.

Review the full article on Miller Thomson's website.

Corporate success often falters due to sub-optimal Strategic Resource Allocation (SRA), which includes the allocation of capital, marketing and R&D across existing businesses, which will be covered herein, but also acquisitions, debt repayment, dividends and buybacks.

Review the full article on FEI Daily's website.

In this year’s budget, the federal government outlines how it intends to support economic growth, promote sustainability, and foster a thriving, inclusive society for all Canadians in a time of rapid change and ongoing uncertainty.

What does the federal budget mean for Canada and Canadian businesses?

We discuss the following three areas:

• Focusing investment and resources to drive competitive advantage
• Accelerating the flow of people, goods and ideas
• Disrupting the status quo in education and skills development

A video is also available where Albert Baker, Canadian Tax partner and Global Tax Policy Leader, offers his insights on the corporate tax measures contained in the 2018-2019 federal budget, reviewing both domestic and international tax proposals. And David Mason, Canadian Tax partner, discusses changes affecting private companies and their shareholders.

For more information, review the publication and a video.

Effective January 1, 2018, revenue for all companies following IFRSs and US GAAP will be recognized under a new accounting standard – IFRS 15, Revenue from Contracts with Customers or the FASB's equivalent revenue standard, ASU 2014-09 Revenue from Contracts with Customers (Topic 606).

Much of the discussion so far has centered around it should be applied by preparers, not on how it should be analysed by analysts and investors. The paper now published by the CFA Institute examines the top 10 questions investors should consider as they review year-end 2017 results and consider first quarter 2018 reporting as it relates to the adoption of the new standard.

Review the full paper on the CFA Institute's website.

Compared to the development of financial reporting, the evolution of non-financial reporting has been rapid and fragmented. There are many regulations, reporting frameworks, guidance and tools which influence the corporate reporting process on environmental, social and governance issues (ESG). The resulting reporting landscape has been described in recent reports by the Business and Sustainable Development Commission1 and ACCA2, as complex, overwhelming and there have been calls for more harmonization and alignment.

The report is intended to help business navigate global sustainability reporting trends.

Review the report on the CDSB's website.

Some of the key features of the budget plan were:

• Following the proposals announced last year, the budget has introduced legislation to address the earning of passive income inside a private corporation.
• From a gender equality perspective, the budget announces the introduction of a new “use it or lose it” Employment Insurance parental sharing benefit which will enable two-parent families that share parental leave to receive an additional five weeks of leave.
• The government is introducing significant new investments to better support Canadian innovators.
• The government continues to introduce measures to close loopholes that result in unfair tax advantages for some at the expense of others.
• Of note, the budget does not include further measures to address recommendations from the Organisation for Economic Co-operation and Development’s base erosion and profit shifting project, particularly with respect to interest deductibility and anti-hybrid measures.

A summary of the economic and tax highlights contained in the budget is outlined in our Canadian tax alert.

Par­tic­i­pants at the meeting, which was chaired by IASB® member Amaro Gomes, discussed business combinations under common control, accounting for micro entities, IAS 12, Income Taxes, initial measurement of payables when payment is deferred, IASB update, and an introduction to IFRS 17, Insurance Contracts.

Review the full report (five pages) on the the Board's website.

Cybersecurity is much more than securing access to applications and data, and proactively adapting to the ever-changing threat landscape. It’s also about enforcing strong controls for data integrity, protecting data from loss, and ensuring availability when the business needs it.

Finance leaders in the enterprise need to ask these questions not only about the applications they run internally, but also of their current and prospective cloud providers:

1. What is our organization’s current exposure to cyber threats?
2. How well are we prepared, and how well are our cloud providers prepared?
3. What is our overall risk tolerance, and are our cloud providers aligned with this?
4. Do we and our providers have processes in place to prevent, detect, contain, and respond?
5. Are our providers investing to reduce risk of data loss or downtime?
6. Do we and our providers have a thoroughly tested plan, so there is no delay in the event of an attack?

Review the full article on FEI Daily's website.

NI 58-101 requires non-venture issuers to provide annual disclosure regarding certain gender diversity related matters, including policies regarding the representation and number of women on the board and in executive officer positions. Comments are requested by April 10, 2018.

Review the press release and the Notice on the BCSC's website.