Accounting Standards Board
Webinar – Redeemable Preferred Shares Issued in a Tax Planning Arrangement
October 17, 2014. Tune in to this webinar on November 20, 2014 (English) or November 25, 2014 (French) to learn about the AcSB’s proposed amendments to standards on redeemable preferred shares issued in a tax planning arrangement.
CPA Magazine Standards Speak – Punching Above Our Weight
October 9, 2014. In this month’s column, Rebecca Villmann, AcSB Director, talks about Canada’s reputation for playing a big part in the global standard-setting arena – despite our small size at just over 3% of the world’s capital markets. Also read Q&As with several Canadians involved in global standard setting.
Request for Information – Post-Implementation Review: Section 3856, Financial Instruments
October 8, 2014. The AcSB has issued a Request for Information seeking feedback on whether Section 3856 is causing unexpected challenges and is meeting user needs. Stakeholders are encouraged to submit their comments, on the form provided, by February 9, 2015.
FYI Article – Joint Arrangements and Investments: Embrace the Changes
October 7, 2014. This article discusses the AcSB’s recently issued Section 3056, Joint Arrangements, and amendments to Section 3051, Investments.
AcSB Exposure Draft – Recognition of Deferred Tax Assets for Unrealized Losses (Proposed amendments to IAS 12)
October 3, 2014. The AcSB has issued an Exposure Draft that corresponds to the IASB’s Exposure Draft. Canadian stakeholders are encouraged to submit their comments, on the form provided, by December 18, 2014.
Request for Issues – IFRS Discussion Group
October 2, 2014. The next meeting of the IFRS Discussion Group will be held in Toronto on December 9, 2014. Individuals are encouraged to submit issues relating to the application of IFRSs in Canada by October 21, 2014.
Exposure Draft – Redeemable Preferred Shares Issued in a Tax Planning Arrangement
October 1, 2014. The AcSB has issued an Exposure Draft that proposes to delete Financial Instruments, paragraph 3856.23, and includes a Basis for Conclusions. Stakeholders are encouraged to submit their comments, on the form provided, by January 15, 2015.
Final Amendments – Annual Improvements to IFRSs 2012 – 2014 Cycle
October 1, 2014. The IASB has issued final amendments to four IFRSs as part of its annual improvements project. The amendments are effective for annual periods beginning on or after January 1, 2016.
AcSB Meeting Agenda – October 15, 2014
September 30, 2014. A summary of topics for discussion.
Webinar – Stay Informed about Developments in ASPE: Fall 2014 Update
October 1, 2014. Tune in to this webinar on October 28, 2014 (French) or November 19, 2014 (English) to learn about the AcSB’s current activities with regards to ASPE.
IASB Exposure Draft – Quoted Investments in Subsidiaries, Joint Ventures and Associates at Fair Value (Proposed amendments to IFRS 10, IFRS 12, IAS 27, IAS 28 and IAS 36)
September 24, 2014. The IASB has issued an Exposure Draft proposing amendments regarding the measurement of investments in subsidiaries, joint ventures and associates at fair value when those investments are quoted in an active market. Canadian stakeholders are encouraged to submit their comments to the IASB by January 16, 2015.
AcSB Response – Investment Entities: Applying the Consolidation Exception (Proposed amendments to IFRS 10 and IAS 28)
September 23, 2014. The AcSB has submitted a comment letter responding to the IASB’s Exposure Draft issued in June 2014.