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
  • IFRS - AcSB Image

  • AcSB Response – Disclosure Requirements in IFRS Standards – A Pilot Approach

    Jan 19, 2022

    In January 2022, the International Accounting Standards Board (IASB) published the Accounting Standards Board (AcSB) response to the IASB’s Exposure Draft issued in March 2021. The AcSB’s letter included several comments, most notably that stimulating changes to current behaviour towards disclosure requirements may prove to be the most significant barrier to achieving effective application of the IASB’s proposed amendments.

  • IFRS - IASB Image

  • IASB member provides update on extractive activities project

    Jan 18, 2022

    On January 18, 2022, International Accounting Standards Board (IASB) member Tadeu Cendon issued an article which provides an update on the IASB’s extractive activities project. The article explains reasoning behind certain IASB’s decisions related to the scope and objectives of the project.

  • Canada Image

  • IRCSS Consultation Paper Response Deadline Extended to March 31, 2022

    Jan 13, 2022

    The pandemic continues to greatly impact the activities of organizations and individuals. To ensure stakeholders have adequate time to weigh in on this Consultation Paper, the Independent Review Committee on Standard Setting in Canada (IRCSS) has extended the comment period for its Consultation Paper from February 28, 2022, to March 31, 2022.

  • IAASB - Assurance Image

  • 2022-2023 IAASB Work Plan Approved Pending PIOB Approval

    Jan 11, 2022

    On January 11, 2022, the International Auditing and Assurance Standards Board (IAASB) approved a new work plan, "A Public Interest Focus in Uncertain Times", during its December 2021 meeting. Pending approval by the Public Interest Oversight Board (PIOB), anticipated in early April 2022, the work plan will guide the IAASB’s work in 2022 and 2023, reflecting the IAASB Strategy for 2020-2023.

  • CAQ Image

  • Hyperinflationary economies - updated IPTF watch list available

    Jan 10, 2022

    IAS 29 "Financial Reporting in Hyperinflationary Economies" defines and provides general guidance for assessing whether a particular jurisdiction's economy is hyperinflationary. But the IASB does not identify specific jurisdictions. The International Practices Task Force (IPTF) of the Centre for Audit Quality (CAQ) monitors the status of "highly inflationary" countries. While it monitors the status of highly inflationary countries for the purposes of applying US GAAP, its criteria for identifying such countries are similar to those for identifying 'hyperinflationary economies' under IAS 29.

  • AASB Image

  • AASB issues FAQs on Extended External Reporting (EER)

    Jan 07, 2022

    On January 7, 2022, the Auditing and Assurance Standards Board (AASB) issued FAQs regarding assurance in respect of sustainability and environmental, social and governance. Check out these FAQs for all the information you need.

News RSS Feed  Link
 
  • 2021 Audit Quality Report: We are Quality Image

  • 2021 Audit Quality Report: We are Quality

    published Jan 18, 2022

    Quality is the foundation of our profession. What we do is important, and we endeavour to lead the conversation on audit quality and set the bar. To this end, our commitment to quality aims to deliver excellence at every level.

  • On the board’s agenda: The 2022 boardroom agenda Image

  • On the board’s agenda: The 2022 boardroom agenda

    published Jan 03, 2022

    The board’s role and responsibilities are dynamic, constantly changing and growing. In 2022, the only certainties are that new challenges and opportunities will continue to arise, and the best boards will continue to be adaptable, meeting those new challenges and opportunities with the skills and determination to be the best they can be.

  • CFO Signals: 4Q 2021 What North America’s top finance executives are thinking—and doing Image

  • CFO Signals: 4Q 2021 What North America’s top finance executives are thinking—and doing

    published Dec 31, 2021

    New opportunities are certainly evident in the results of our fourth-quarter CFO Signals survey. For example, 79% of surveyed CFOs noted they will allocate or reallocate capital to new business investments, and 67% plan to pursue M&A and new ventures in 2022. A vast majority (92%) also see opportunities in embedding technologies and automation into their organizations’ operations. Still, other survey results point to guarded views about future economic conditions in regional economies

  • Quarterly Accounting Roundup – Year in Review 2021 Image

  • Quarterly Accounting Roundup – Year in Review 2021

    published Dec 15, 2021

    Key accounting and financial reporting topics addressed in this issue include the following: 1) Challenges associated with inflation, supply chain disruptions, and labor shortages 2) The SEC’s release of various statements, including those on (i) special-purpose acquisition company transactions; (ii) environmental, social, and governance matters; and (iii) the transition away from LIBOR as a reference rate 3) FASB standard-setting developments in 2021 4) The International Accounting Standards Board’s (i) amendments to its guidance on (a) disclosure of accounting policies and (b) deferred taxes related to assets and liabilities arising from a single transaction and (ii) proposals that would enhance the disclosure requirements for supplier arrangements and amend its guidance on classification of long-term debt with covenants 5) The IFRS Foundation’s creation of a new International Sustainability Standards Board.

  • IFRS in Focus — Closing out 2021 Image

  • IFRS in Focus — Closing out 2021

    published Dec 14, 2021

    This special edition of IFRS in Focus sets out financial reporting issues that may be relevant for years ending on or after December 31, 2021 as a result of areas of regulatory focus, the current economic environment or changes in accounting standards.

  • 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.