This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice (http://www2.deloitte.com/ca/en/legal/cookies.html) for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.
Beyond Compliance – Promoting Excellence in Financial Reporting in Canada
  • IAASB - Assurance Image
  • Global Consultation: Identifying and Assessing the Risks of Material Misstatement

    Jul 16, 2018

    On July 16, 2018, the In­ter­na­tional Au­dit­ing and As­sur­ance Stan­dards Board (IAASB) issued for public comment an Exposure Draft of proposed revisions to ISA 315 (Revised), Identifying and Assessing the Risks of Material Misstatement, in order to advance audit quality. Comments are requested by November 2, 2018.

  • IFRS - IASB Image
  • IASB begins webcast series on the FICE DP

    Jul 16, 2018

    On June 28, 2018, the IASB published a comprehensive discussion paper DP/2018/1 'Financial Instruments with Characteristics of Equity'. The IASB has now made available the first webcast in a series of web presentations to help stakeholders as they prepare to submit their comments on the discussion paper.

  • IFRS - IASB Image
  • Support material for IFRS 17 on reinsurance contracts held

    Jul 13, 2018

    On July 13, 2018, the International Accounting Standards Board (the Board) published a pocket guide on reinsurance contracts held and a simple example of a reinsurance contract held to support the implementation of IFRS 17, "Insurance Contracts".

  • IFRS - IASB Image
  • Educational material on IFRS 17

    Jul 10, 2018

    On July 10, 2018, the International Accounting Standards Board (the Board) published "Insurance contracts issued by mutual entities" to support the implementation of IFRS 17, "Insurance Contracts".

  • Argentina Image
  • Inflation in Argentina — Reporting on periods ended June 30, 2018

    Jul 09, 2018

    Levels of inflation in Argentina have been high for some time, with a sig­nif­i­cant increase in May 2018 resulting in inflation indices exceeding 100% on a three‑year cu­mu­la­tive basis. It is also un­der­stood that the qual­i­ta­tive in­di­ca­tors of hy­per­in­fla­tion are, to varying degrees, present in Argentina.

  • ASPE_AcSB Image
  • AcSB Exposure Draft – Agriculture

    Jul 09, 2018

    On July 9, 2018, the Accounting Standards Board (AcSB) issued an Exposure Draft examining the accounting for agricultural inventories and productive biological assets. Stakeholders are encouraged to submit their comments by October 31, 2018.

  • IFRS - IASB Image
  • Article on IFRS 17

    Jul 05, 2018

    On July 5, 2018, the International Accounting Standards Board (the Board) published the article "Reducing the gap between insurance and other industries" by IASB® member Gary Kabureck.

  • Securities - OSC Image
  • OSC Publishes 2018-2019 Statement of Priorities

    Jul 05, 2018

    On July 5, 2018, the Ontario Securities Commission (OSC) published its 2018-2019 Statement of Priorities, which sets out the 15 priority areas where the OSC intends to focus resources and actions over the coming fiscal year, as well as the expected outcomes.

  • IFRS - IASB Image
  • Group of national standard-setters urges IASB to consider hybrid pension plans

    Jul 04, 2018

    In July 2018, the International Accounting Standards Board (IASB) released an agenda paper that will be presented at the upcoming meeting of the IASB's Accounting Standards Advisory Forum (ASAF), where the Canadian Accounting Standards Board (AcSB) will present the results of research performed to date by Canada, Germany, Japan, the UK and the US on hybrid pension plans, which are neither defined contribution plans nor defined benefit plans. The paper argues that further guidance on accounting for hybrid pension plans is needed to better reflect their economic characteristics and reduce diversity in practice.

News RSS Feed  Link
 
  • US Supreme Court issues Wayfair decision: Physical presence sales/use tax nexus standard overruled Image
  • US Supreme Court issues Wayfair decision: Physical presence sales/use tax nexus standard overruled

    published Jul 17, 2018

    This decision is important to remote sellers – including Canadian sellers - as vendors that sell goods into South Dakota (and other US states that have or will soon adopt nexus provisions similar to those now upheld as constitutional in South Dakota) may be required to collect indirect taxes from their customers even though they have no operations in or otherwise visit the United States.

  • Next-generation family businesses:  Exploring business ecosystems Image
  • Next-generation family businesses: Exploring business ecosystems

    published Jul 17, 2018

    For many family-owned companies, business relationships used to be limited to a handful of players within the same industry—and often also within the same geographical region. While this model may have proved successful in the past, today’s dynamic business environment calls it into question

  • FRI June 2018 Image
  • Financial Reporting Insights - June 2018

    published Jul 11, 2018

    As we break for the summer and reflect on all we’ve accomplished this year, here are some previously published materials that you’ll want to be sure you’ve read. If you haven’t, it’s time to add these pieces to your summer reading list!

  • Webcast Image
  • Clamping Down on Potential Revenue Recognition Fraud

    published Jul 09, 2018

    The additional professional judgment required by the new revenue recognition standard could expose companies to an increased level of fraud given the inherent opportunity for bias created by a principles-based framework.

  • Disclosing the new adoption of accounting standards in interim financial statements Image
  • Disclosing the new adoption of accounting standards in interim financial statements

    published Jul 04, 2018

    Both IFRS 9 Financial Instruments and IFRS 15 Revenue from Contracts with Customers are mandatorily effective for annual periods beginning on or after 1 January 2018. For many entities, the first financial statements reflecting adoption of these significant standards will be an interim report for the six months to June 2018. IFRS 16 Leases is also available for early adoption in 2018 financial statements.

  • Heads Up — SEC expands eligibility for
  • Heads Up — SEC expands eligibility for "smaller reporting company" classification

    published Jul 02, 2018

    This Heads Up discusses the SEC’s June 28, 2018, Final Rule Release No. 33-10513, "Amendments to Smaller Reporting Company Definition," which expands the number of companies that qualify for smaller reporting company classification and are therefore able to take advantage of the scaled disclosure requirements that apply to such entities. The final rule is effective 60 days after its publication in the Federal Register and incorporates feedback from the SEC Advisory Committee on Small and Emerging Companies, the SEC Government-Business Forum on Small Business Capital Formation, registrants, and others.

  • More publications
  • Publication RSS Feed  Link
     

    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.