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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


Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.