Accounting

Selected publications from CPA Canada on a variety of topics

Related Publications

Audit committees’ role in fighting fraud – Recommendations

Nov 29, 2022

Mitigating fraud risks requires the full collaboration of the whole corporate governance ecosystem. This publication examines how audit committees, with other key corporate governance and reporting actors such as the board, management, auditors and policymakers can help tackle corporate reporting fraud. It also aims to inform policymakers in the context of the European Commission’s ongoing initiative on corporate reporting.

FASB Tentatively Decides on Fair Value Measurement for Crypto Assets

Oct 18, 2022

At its October 12, 2022, meeting, the FASB continued deliberating its project on the accounting for and disclosure of crypto assets and reached several decisions. Specifically, the Board tentatively decided to: Require all public and private entities to initially measure crypto assets at fair value in accordance with ASC 820. Subsequent changes in fair value would be recognized in earnings; not provide any measurement alternatives for situations in which a crypto asset does not have a quoted price in active markets; require entities to expense as incurred commissions and other transaction costs related to the acquisition of crypto assets unless industry-specific guidance stipulates otherwise.

Global Priorities for Professional Accountants in Business and the Public Sector

May 27, 2022

Professional accountants must think disruptively to help their organizations respond to unprecedented challenges and uncertainty. Driving sustainability and creating value requires pushing boundaries. The report summarizes the key insights and learnings from the discussions amongst a global group of business and finance leaders, drawing from their diverse experiences and expertise.

Identifying and mitigating bias and mis- and disinformation

Feb 10, 2022

Identifying and mitigating bias and mis- and disinformation continues our series of papers on Trust and Ethics. In this paper we turn our attention to the challenges that unreliable information creates for the accounting profession. Drawing on information from thought leaders and real-life examples, the paper provides insights on how accounting professionals can ensure they are making sound decisions based on sound data.

Technology is a double-edged sword with both opportunities and challenges for the accountancy profession

Dec 13, 2021

The publication examines the impact of rapid technological change and the importance of ethical leadership from the lens of the professional accountant. It also provides practical guidance to both professional accountants and professional accountancy organizations.

ISS: 2022 proxy season recommendations

Dec 07, 2021

On December 7, Institutional Shareholder Services (ISS) published its 2022 ISS Benchmark Policy Updates (Executive Summary). The proxy voting updates will take effect for meetings held on or after February 1, 2022, unless otherwise noted.

Discussing Human Capital: A Survey of the S&P 500’s Compliance with the New SEC Disclosure Requirement One Year After Adoption

Nov 30, 2021

A main area of focus for public companies this past annual reporting season was the new human capital disclosure requirement for annual reports on Form 10-K. This client alert reviews disclosure trends among S&P 500 companies and provides practical considerations for companies as we head into 2022 and the second year of discussing human capital resources and management.

Tectonic shifts: How ESG is changing business, moving markets, and driving regulation

Nov 16, 2021

Propelled by the planetary emergency and the drive for transparency, global sustainability reporting standards and ESG disclosure regulations are coming. Boards and C-suites should prepare now, and could find new opportunities to create value.

CAQ 2021 audit committee transparency barometer

Nov 15, 2021

The 2021 Audit Committee Transparency Barometer was issued for the eighth year by the Center for Audit Quality (CAQ) and Audit Analytics. The report examines common audit committee disclosures in S&P 1500 proxy statements and their respective rates of disclosure year over year. Similar to last year’s results, disclosures related to cybersecurity continue to have the largest increase as a result of COVID-19 and companies’ increased reliance on technology.

International Actuarial Note 100: Application of IFRS 17 Insurance Contracts

Nov 15, 2021

The International Association of Actuaries (IAA) has published the International Actuarial Note 100 on the Application of IFRS 17 Insurance Contracts (IAN 100), developed by the IAA’s Insurance Accounting Committee. It is educational material aimed at covering the interpretation of the standard, specifically as it relates to actuaries. IAN 100 serves to familiarize actuaries with approaches that might be taken and to demonstrate how the actuarial profession might approach the application of IFRS 17 to improve quality, credibility and public confidence in information disclosed and recognized in financial statements prepared in compliance with IFRS 17.

Fighting Corruption and Money Laundering

Oct 28, 2021

The consequences of corruption are significant and widespread, from direct costs to individuals and society, to encouraging criminal behavior and undermining trust in institutions. Grounded in a strong ethical code, professional accountants across the globe play a critical role in the fight against corruption.

Climate Action

Oct 28, 2021

Climate change is an urgent, global, and systemic issue that can threaten the sustainability of organizations, markets, and economies. This POV outlines how to embrace climate action and be part of the solution.

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Accounting

Related Publications

Audit committees’ role in fighting fraud – Recommendations

FASB Tentatively Decides on Fair Value Measurement for Crypto Assets

Global Priorities for Professional Accountants in Business and the Public Sector

Identifying and mitigating bias and mis- and disinformation

Technology is a double-edged sword with both opportunities and challenges for the accountancy profession

ISS: 2022 proxy season recommendations

Discussing Human Capital: A Survey of the S&P 500’s Compliance with the New SEC Disclosure Requirement One Year After Adoption

Tectonic shifts: How ESG is changing business, moving markets, and driving regulation

CAQ 2021 audit committee transparency barometer

International Actuarial Note 100: Application of IFRS 17 Insurance Contracts

Fighting Corruption and Money Laundering

Climate Action

Correction list for hyphenation