Accounting Standards Board
AcSB Decision Summary – December 3, 2013
December 11, 2013. An executive summary of discussions and decisions with respect to the topics addressed at this meeting.
IASB Exposure Draft – Equity Method in Separate Financial Statements (Proposed amendments to IAS 27)
December 9, 2013. The IASB has issued an Exposure Draft proposing amendments to IAS 27 Separate Financial Statements. Canadian stakeholders are encouraged to submit their comments to the IASB by February 3, 2014.
Canadian Members Appointed – IFRS Advisory Council
December 4, 2013. Micheline Dionne for the International Actuarial Association, Stephenie Fox for the International Federation of Accountants and Lynda Sullivan for the HUB Global Insurance Group, have been appointed as Council Members by the Trustees of the IFRS Foundation.
Canadian Member Appointment – U.S. Financial Accounting Standards Advisory Council
December 4, 2013. Xihao Hu, Senior Vice President and Chief Accountant, The Toronto Dominion Bank (TD) has been appointed as a Council Member by the Board of Trustees of the U.S. Financial Accounting Foundation.
Standards Digest – December 2013
December 1, 2013. Get up to date on board activities with this comprehensive summary. It includes recently issued pronouncements, documents open for comment, and a preview of what’s to come.
Final Amendments – Defined Benefit Plans: Employee Contributions
November 28, 2013. The IASB has issued narrow-scope amendments to IAS 19 Employee Benefits to simplify the accounting for contributions from employees or third parties to defined benefit plans that are independent of the number of years of service. The amendments are effective for annual periods beginning on or after July 1, 2014.
AcSB Response – Agriculture: Bearer Plants
November 26, 2013. The AcSB has submitted a comment letter responding to the IASB’s Exposure Draft.
Final Amendments – Hedge Accounting
November 22, 2013. The IASB has issued IFRS 9 Financial Instruments (Hedge Accounting and amendments to IFRS 9, IFRS 7 and IAS 39). The amendments introduce a new hedge accounting model, allow IFRS 9’s “own credit” requirements to be applied in isolation, and temporarily remove its mandatory effective date while making it available for application.
AcSB Meeting Agenda – December 3, 2013
November 20, 2013. A summary of topics for discussion.
Volunteer Opportunity – Accounting Standards Board
November 19, 2013. AcSOC is currently seeking new members to appoint to the Accounting Standards Board.
IFRS Discussion Group – Report on September 5, 2013 Meeting
November 18, 2013 Read the report for details about the Group’s discussions in September 2013. Listen to the audio recordings to hear the Group’s full discussion.
AcSB Response – Insurance Contracts
November 15, 2013. The AcSB has submitted a comment letter responding to the IASB’s Exposure Draft.