-
-
IASB publishes proposed amendments regarding financial instruments with characteristics of equity
Nov 29, 2023
On November 29, 2023, the International Accounting Standards Board (IASB) published proposed amendments aiming at clarifying the classification requirements in IAS 32 'Financial Instruments: Presentation', including their underlying principles, to address known practice issues that arise in applying IAS 32. Comments are requested by March 29, 2024.
-
-
XRB publishes guidance on Climate-related matters in financial
Nov 23, 2023
On November 23, 2023, The New Zealand External Reporting Board (XRB) published staff guidance on climate-related matters in financial statements.
-
-
ISSB issues November 2023 podcast
Nov 20, 2023
On November 20, 2023, the IFRS Foundation released a podcast hosted by ISSB Chair Emmanuel Faber and Vice-Chair Sue Lloyd discussing the latest developments from the ISSB.
-
-
Updated IASB and ISSB work plan — Analysis (November 2023)
Nov 20, 2023
Following the IASB's and ISSB's November 2023 meetings, we have analysed the work plan on the IFRS Foundation website to see what changes have resulted from the meetings and other developments since the work plan was last revised in October 2023.
-
-
AcSB Exposure Draft – Accounting for Life Insurance Contracts with Cash Surrender Value
Nov 17, 2023
On November 17, 2023, the Accounting Standards Board (AcSB) proposed to release Accounting Guideline AcG-21 on Life Insurance Contracts with Cash Surrender Value in Part II of the CPA Canada Handbook – Accounting, pending feedback. The new Guideline would also apply to not-for-profit organizations (NFPOs) using Part III of the Handbook, as relevant.
-
-
FRC publishes thematic review findings on accounting for insurance contracts
Nov 16, 2023
On November 16, 2023, the UK Financial Reporting Council (FRC) published a thematic review on companies’ first-time application of IFRS 17 'Insurance Contracts'.
-
-
IFRS Foundation proposes further updates to IFRS Taxonomy 2023
Nov 06, 2023
On November 6, 2023, the IFRS Foundation issued a proposed IFRS Taxonomy Update, 'IFRS Accounting Taxonomy 2023 — Proposed Update 2 'Common Practice for Financial Instruments, General Improvements and Technology Update''.
-
-
AcSB endorses Lack of Exchangeability (Amendments to IAS 21)
Nov 01, 2023
On November 1, 2023, The Accounting Standards Board (AcSB) announced the inclusion of the amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates in Part I of the CPA Canada Handbook.
-
-
AASB approves narrow-scope amendments to CAS 700 and CAS 260
Nov 01, 2023
On November 1, 2023, the Public Interest Oversight Board (PIOB) certified the International Auditing and Assurance Standards Board’s (IAASB) due process for ISA 700 (Revised) and ISA 260 (Revised) and the IAASB has released the final standards
-
-
IPSASB Consultation: Stakeholder Feedback on Proposed Five-Year Strategy and Work Program
Oct 30, 2023
On October 03, 2023, The International Public Sector Accounting Standards Board (IPSASB) opened a consultation to hear stakeholder feedback on its proposed strategy and work program for 2024-2028.
News RSS Feed
Link 
-
-
Roadmap: Revenue Recognition (2023)
published Dec 01, 2023
This Roadmap provides Deloitte’s insights into and interpretations of the guidance in ASC 606 on revenue from contracts with customers, the cost guidance in ASC 340-40, and the guidance in ASC 610-20 on gains and losses on transfers of nonfinancial and in-substance nonfinancial assets to noncustomers. The 2023 edition includes updated and expanded discussions as well as new sections and illustrative examples. Appendix F of the Roadmap highlights substantive revisions to previous content.
-
-
IFRS compliance, presentation and disclosure checklist
published Nov 08, 2023
The checklist summarizes the recognition, measurement, presentation and disclosure requirements set out in IFRS® Standards in issue as of December 31, 2022.
-
-
IAS 34 compliance checklist 2023
published Nov 08, 2023
The checklist summarizes the requirements of IAS 34, Interim Financial Reporting, formatted to allow the recording of a review of interim financial statements, with a place to indicate yes, no, or not-applicable for each item. The checklist addresses the requirements of IAS 34 as of December 31, 2022.
-
-
2023 Mid-Market Technology Report
published Nov 08, 2023
Since 2013, Deloitte Private has conducted a survey of mid-market private company executives to learn more about their technology priorities, investments, and challenges. This year’s results suggest mid-market companies are doubling down on their technology investments—and proactively investing to stay ahead of these challenges.
-
-
iGAAP in Focus — Sustainability reporting: TNFD publishes final recommendations for nature-related risk management and disclosure
published Oct 26, 2023
This iGAAP in Focus outlines the final recommendations for nature-related risk management and disclosure (Version 1.0) (the recommendations), published by the Taskforce on Nature-related Financial Disclosures (TNFD) in September 2023.
-
-
Sustainability Reporting Alert: Scope 1 & 2 GHG Emissions
published Oct 26, 2023
CPA Canada's Sustainability Reporting Alert series introduces key concepts related to sustainability reporting and assurance standards and will help you understand the potential implications of these new standards.
-
-
For CFOs, enhancing supply chain performance may be a matter of trust
published Oct 19, 2023
In this edition of CFO Insights, Deloitte examines why fostering trust in supply chains is more important than ever, explore how trustworthiness affects performance and what’s at risk for companies whose supply chains lack this vital quality. What investments should CFOs consider to earn—or rebuild—stakeholder trust? And why are some executives’ levels of trust in their supply chains overstated?
-
-
Boards and transformation initiatives: Strategy is just the beginning
published Oct 18, 2023
The report discusses how company transformation initiatives take many forms and can include a variety of efforts related to mergers and acquisitions, restructuring, divestitures, and workforce redesigns. While these project categories have differing goals and time spans, they can affect large swaths of a company’s operations and result in organization-wide change. Regardless of form, the board plays a critical role throughout the life cycle of any transformation initiative, from setting strategy, to monitoring execution, and finally to evaluating results.
-
-
Going private in Canada: Key strategies when taking a public company private
published Oct 18, 2023
With increased pressures and scrutiny from shareholders, quarterly reporting and ever-changing regulatory requirements, we have seen an increase in publicly traded companies going private. In their most recent fireside chat, Dentons’ panellists Bennett Wong, Partner, Andreas Kloppenborg, Partner and Riley Dearden, Partner, were joined by Computershare’s Chester Wlodarczyk, Project Manager, Corporate Actions and Jason Spasaro, Vice President, Business Development, to discuss their experiences and strategies when taking a public company private.
-
-
FASB Approves Changing U.S. GAAP Presentation and Disclosure Requirements if Related SEC Regulations Are Removed
published Oct 12, 2023
This Heads Up discusses the FASB’s recently issued Accounting Standards Update (ASU) No. 2023-06, Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative. The ASU is intended to align U.S. GAAP requirements with those of the SEC and to facilitate the application of U.S. GAAP for SEC registrants.
