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IFRS Foundation publishes proposed IFRS Taxonomy update
Nov 24, 2020
On November 24, 2020, the International Accounting Standards Board (IASB) published PTU/2020/5 "IFRS Taxonomy 2020 — General Improvements and Common Practice — IAS 19, Employee Benefits". Comments are requested by January 26, 2021.
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Educational material on applying IFRS Standards to climate-related matters
Nov 20, 2020
On November 20, 2020, the IFRS Foundation released a publication that shows how existing IFRS requirements require companies to consider climate-related matters when their effect is material to the financial statements.
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Updated IASB work plan — Analysis (November 2020 meeting)
Nov 20, 2020
On November 20, 2020, the International Accounting Standards Board (IASB) updated its work plan following its November 2020 meeting.
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OSC publishes 2020 Corporate Finance Branch Report
Nov 19, 2020
On November 19, 2020, the Ontario Securities Commission (OSC) published its annual Corporate Finance Branch Report, an important resource to help issuers and their advisors comply with their reporting obligations. Due to the ongoing impact of the COVID-19 pandemic, the report also provides issuers with guidance on additional considerations related to the impact of COVID-19.
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Recordings of the webinars on Trustees' sustainability consultation
Nov 18, 2020
On November 18, 2020, the Trustees of the IFRS Foundation released two webinars and moderated Q&As on their sustainability consultation launched in September.
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IASB officially adds Post-implementation Review of IFRS 9 to its work plan
Nov 18, 2020
On November 18, 2020, the International Accounting Standards Board (IASB) announced that it has started its post-implementation review (PIR) of the classification and measurement requirements in IFRS 9, "Financial Instruments".
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IESBA releases new role and mindset fact sheet
Nov 18, 2020
On November 18, 2020, the International Ethics Standards Board for Accountants (IESBA) released a new Fact Sheet providing an overview of the Board's recently released revisions to the International Code of Ethics for Professional Accountants (including International Independence Standards) (the Code) to better promote the role and mindset expected of all professional accountants.
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Video introduction to the new IAASB Quality Management Standards
Nov 18, 2020
On November 18, 2020, the International Auditing and Assurance Standards Board (IAASB) published video introductions to the new and revised quality management standards in English, French and Spanish. The videos explain the key aspects of the three standards to help stakeholders begin their implementation efforts.
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IAASB issues new support for assessing risks of material misstatement when using automated tools and techniques
Nov 18, 2020
On November 18, 2020, the International Auditing and Assurance Standards Board (IAASB) Technology Working Group released a new non-authoritative frequently asked questions publication on using automated tools and techniques in identifying and assessing risks of material misstatements in accordance with International Standard on Auditing 315 (Revised 2019), "Identifying and Assessing Risks of Material Misstatement".
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Key takeaways from IAASB’s roundtable series on Fraud and Going Concern
Nov 17, 2020
On November 17, 2020, the International Auditing and Assurance Standards Board (IAASB) released a key takeaways publication following three recent virtual roundtables with experts and leaders exploring issues and challenges related to fraud and going concern.
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COVID-19 and application of International Financial Reporting Standards (IFRS)
published Nov 17, 2020
Listen to the Canadian Accounting Standards Board (AcSB) discuss potential COVID-19 financial reporting considerations under IFRS and provide an update on current international standard-setting initiatives.
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SEC hot topics: Year-end update
published Nov 13, 2020
After an unprecedented year, it is critical that SEC registrants be prepared to provide insight to investors through relevant and transparent disclosure. What are key considerations for year end?
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Domestic accounting standards update
published Nov 10, 2020
Hear about COVID-19-related financial reporting considerations under Part II and Part III of the CPA Canada Handbook - Accounting and get an update on upcoming standard-setting proposals from the Accounting Standards Board (AcSB).
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Clearly IFRS — IASB issues Interest Rate Benchmark Reform—Phase 2 (Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16)
published Nov 04, 2020
This publication addresses the amendments to IFRS 9 Financial Instruments, IAS 39 Financial Instruments: Recognition and Measurement, IFRS 7 Financial Instruments: Disclosures, IFRS 4 Insurance Contracts and IFRS 16 Leases that have been published by the International Accounting Standards Board (Board). The amendments are titled Interest Rate Benchmark Reform—Phase 2 Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16).
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IFRS model financial statements 2020
published Oct 14, 2020
These financial statements illustrate the presentation and disclosure requirements of IFRSs for the year ended December 31, 2020 by an entity that is not a first-time adopter of IFRSs.
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IFRS in Focus — Ground-breaking proposal from IFRS Foundation points to global standards for sustainability reporting
published Oct 02, 2020
This IFRS in Focus discusses the IFRS Foundation Trustees' Consultation Paper on Sustainability Reporting and global standards and the wider ecosystem.
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Financial Reporting Alert 20-6: Accounting and SEC reporting considerations for SPAC transactions
published Oct 02, 2020
This Financial Reporting Alert discusses the accounting and SEC reporting considerations related to special-purpose acquisition company (SPAC) initial public offerings. After a SPAC merges with a private operating company (the “target”), the target’s financial statements become those of the combined public company. Therefore, a target will need to devote a considerable amount of time and resources to technical accounting and reporting matters.
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Quarterly accounting roundup: Q3 2020 update on important developments
published Oct 02, 2020
Do you know what issues the standard-setters, regulators and stakeholders have been focused on lately?
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2020 Transparency Report
published Sep 30, 2020
The Deloitte Canada Transparency report provides an overview of our legal structure, governance, ethical and independence principles, and quality control procedures. It also outlines the actions we’ve put in place as part of our efforts to continually advance audit quality and support our commitment to leading the profession
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CFO Insights: What's keeping CFOs up at night in 2020
published Sep 30, 2020
Now, as some companies have begun executing on return-to-work plans, CFOs are far from worry-free. And, in the latest Deloitte’s CFO Signals™ survey, many respondents indicated that top concerns included new waves of infections, more shutdowns, and the possibility of a longer-term recession.
