2017 annual improvements to ASPE: Financial reporting alert
Published on:
Dec 31, 2017
This financial reporting alert highlights the key changes made to accounting standards for private enterprises (ASPE) as a result of the 2017 annual improvements project. It also considers some possible business implications, discussing effects beyond accounting.
Topics include:
- what annual improvements are
- key changes regarding disclosures of accounting policies, accounting changes and leases
- clarifications relating to the presentation of balance sheet items
- key changes to accounting for foreign currency translation
- audit implications