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IOSCO calls for globally consistent, comparable, and reliable sustainability standards
Feb 24, 2021
On February 24, 2021, the International Organization of Securities Commissions (IOSCO) has released a statement noting the urgent need for global sustainability standards and supporting a Sustainability Standards Board (SSB) under the IFRS Foundation.
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Global initiative to develop financial reporting guidance for Not-for-Profit Organizations
Feb 23, 2021
On February 23, 2021, the staff of the Accounting Standards Board (AcSB) announced that it is participating in a global initiative to develop non-authoritative financial reporting guidance for not-for-profit organizations (NFPOs) in jurisdictions that, unlike Canada, currently do not have NFPO accounting standards.
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FRC Lab report on virtual and augmented reality
Feb 22, 2021
A new report from the Financial Reporting Lab of the UK Financial Reporting Council (FRC) considers how virtual and augmented reality are and might be used to expand the scope and audience for corporate reporting.
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IAASB seeks public comment on exposure draft aligning existing standards with new, revised quality management standards
Feb 22, 2021
On February 22, 2021, the International Auditing and Assurance Standards Board (IAASB) issued an Exposure Draft addressing changes in some of its standards and framework resulting from the new and revised quality management standards. Comments are requested by May 24, 2021.
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Updated IASB work plan — Analysis
Feb 19, 2021
On February 19, 2021, the International Accounting Standards Board (IASB) updated its work plan following its January 2021 supplementary meeting and February 2021 meeting.
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AcSB Exposure Draft – Covid-19-Related Rent Concessions beyond June 30, 2021 (Proposed amendment to IFRS 16)
Feb 16, 2021
On February 16, 2021, the Accounting Standards Board (AcSB) issued its Exposure Draft that corresponds to the IASB’s Exposure Draft on this topic. Comments are requested by February 25, 2021.
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IASB finalizes amendments to IAS 8 regarding accounting estimates
Feb 12, 2021
On February 12, 2021, the International Accounting Standards Board (IASB) published "Definition of Accounting Estimates (Amendments to IAS 8)" to help entities to distinguish between accounting policies and accounting estimates. The amendments are effective for annual periods beginning on or after January 1, 2023.
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IASB finalizes amendments to IAS 1 and the Materiality Practice Statement
Feb 12, 2021
On February 12, 2021, the International Accounting Standards Board (IASB) issued "Disclosure of Accounting Policies (Amendments to IAS 1 and IFRS Practice Statement 2)" with amendments that are intended to help preparers in deciding which accounting policies to disclose in their financial statements. The amendments are effective for annual periods beginning on or after January 1, 2023.
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Canadian securities regulators respond to the Modernization Taskforce Final Report and encourage a harmonized regulatory system that protects investors and reduces unnecessary burden
Feb 12, 2021
On February 12, 2021, the securities regulatory authorities of British Columbia, Alberta, Saskatchewan, Manitoba, Québec, Nova Scotia, Prince Edward Island, New Brunswick, Newfoundland and Labrador, Nunavut, Northwest Territories and Yukon (CSA members), published a response to the Ontario Capital Markets Modernization Taskforce (“Taskforce”) Final Report (“Report”) issued January 22, 2021.
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IASB proposes extending the practical relief regarding COVID-19-related rent concessions
Feb 11, 2021
On February 11, 2021, the International Accounting Standards Board (IASB) published an exposure draft “Covid-19-Related Rent Concessions beyond 30 June 2021 (Proposed amendment to IFRS 16)” that contains a proposed extension of the May 2020 amendment that provides lessees with an exemption from assessing whether a COVID-19-related rent concession is a lease modification. Comments are requested by 25 February 2021.
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Quarterly accounting roundup: Q1 2021 update on important developments
published Mar 08, 2021
Do you know what issues the standard-setters, regulators, and stakeholders have been focused on lately?
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IFRS in Focus — IASB amends IAS 1 and IFRS Practice Statement 2 with regard to the disclosure of accounting policies
published Feb 15, 2021
This IFRS in Focus outlines the amendments to IAS 1 and IFRS Practice Statement 2 titled Disclosure of Accounting Policies, published by the IASB in February 2021.
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Clearly IFRS - IFRS Foundation publishes educational material on the requirements of IFRS Standards relevant for going concern assessments
published Feb 12, 2021
This Clearly IFRS addresses the educational material Going concern - a focus on disclosure.
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IFRS in Focus — IASB amends IAS 8 to clarify the definition of accounting estimates
published Feb 12, 2021
This IFRS in Focus outlines the amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors titled Definition of Accounting Estimates, published by the IASB in February 2021.
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Professional skepticism in a remote working environment: Advice for auditors
published Feb 11, 2021
We know we need professional skepticism, but what does it mean for remote audits? Read this blog and listen to our podcast to learn what Karen Higgins, audit and assurance partner at Deloitte Canada, had to say.
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Private companies going public: The rise of the SPAC
published Feb 09, 2021
Special-purpose acquisition companies (SPACs) are in vogue today as a way for investors and public companies to mitigate public market volatility and risk. But what risks and opportunities do they pose?
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MD&A assessment tool
published Feb 01, 2021
This publication is designed to be an easy-to-use tool to assess your company’s MD&A. All of the current requirements, as per National Instrument 51-102 Continuous Disclosure Obligations, have been included, along with an area for users to include commentary specific to their company.
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SEC Compliance Checklist on Form 10-K
published Jan 31, 2021
The SEC Form 10-K is used for annual reports under Section 13 or 15(d) of the Securities Exchange Act of 1934. This checklist summarizes the disclosure requirements of Form 10-K.
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SEC Compliance Checklist — General
published Jan 31, 2021
Completion of SEC Compliance Checklist — General, assists in documenting compliance with SEC disclosure and filing requirements. This checklist is not designed for use by “Smaller Reporting Companies” or “Emerging Growth Companies.”
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Checklist for Quarterly Report on SEC Form 10-Q
published Jan 31, 2021
SEC Form 10-Q is used for quarterly reports under Section 13 or 15(d) of the Securities Exchange Act of 1934. This checklist summarizes the disclosure requirements of Form 10-Q.