Accounting Standards Board


AcSB Decision Summary – October 19, 2017
October 30, 2017. The Board received an update on the initiatives underway to improve its stakeholder communications. In response to feedback from AcSB stakeholders, these initiatives include improvements in writing clear and simple document and web content, growing the use of social media, and redesigning the Board’s website.

Outreach Activities – Retractable or Mandatorily Redeemable Shares Issued in a Tax Planning Arrangement
October 26, 2017. Since the release of the 2014 Exposure Draft, the Board has heard from stakeholders through a number of outreach activities. See the detailed timeline of this project and learn who the Board consulted to develop its latest proposals.  

AcSB Exposure Draft – Definition of Material
October 23, 2017. The AcSB has issued an Exposure Draft that corresponds to the IASB’s Exposure Draft on this topic. Stakeholders are encouraged to submit their comments by January 15, 2018.

Final Amendments – Prepayment Features with Negative Compensation (Amendments to IFRS 9)
October 19, 2017. The International Accounting Standards Board (IASB) has issued narrow-scope amendments to IFRS 9 Financial Instruments clarifying the accounting for financial assets with prepayment features that may result in negative compensation. The amendments are effective for annual periods beginning on or after January 1, 2019 with earlier application permitted. The IASB has also amended the Basis for Conclusions for IFRS 9 to confirm the accounting for modifications or exchanges of financial liabilities measured at amortized cost that do not result in derecognition.

IFRS® Discussion Group – Request for Issues
October 19, 2017. The IFRS Discussion Group wants to hear about the challenges you are facing with implementing new standards. Submit your issue to the Group by November 3, 2017. The Group’s next meeting will be held in Toronto on January 10, 2018.

Webinar – Exposure Drafts: Redeemable Shares and Financial Instruments
October 18, 2017. Are you a Canadian private enterprise, an advisor to one, or a user of private enterprises’ financial reports? If so, learn about proposed amendments to the accounting for Retractable or Mandatorily Redeemable Shares, Financial Instruments and the AcSB’s Priorities for Part II.

Final Amendments – Long-term Interests in Associates and Joint Ventures (Amendments to IAS 28)
October 18, 2017. The International Accounting Standards Board has issued narrow-scope amendments to IAS 28 Investments in Associates and Joint Ventures, clarifying that an entity applies IFRS 9 Financial Instruments (including its impairment requirements) to long-term interests in an associate or joint venture to which the equity method is not applied.

IFRS® Discussion Group Audio Webcast – October 5, 2017
October 18, 2017. The Group discussed what entities should disclose in their 2018 interim financial statements after adopting IFRS 9 and IFRS 15, and other topics on the new standards. Listen to stay up-to-date on current views.

AcSB Response – Post-implementation Review: IFRS 13 Fair Value Measurement
October 16, 2017. The AcSB has submitted a comment letter responding to the IASB’s Request for Information issued in May 2017.

AcSB Response – Discussion Paper – Principles of Disclosure
October 16, 2017. The AcSB has submitted a comment letter responding to the IASB’s Discussion Paper issued in March 2017.

IFRS® Foundation Report – “Better Communication in Financial Reporting—Making disclosures more meaningful”
October 10, 2017. PotashCorp is one of six companies featured in a case study report published by the IFRS Foundation with before and after examples of how companies from different parts of the world have improved communication in their IFRS financial statements. 

AcSB Decision Summary – September 20-21, 2017
October 6, 2017. The Board made a number of decisions on IFRS® Standards, ASPE and NFPO projects, and other topics at its September meeting. These included focusing on identifying the key actions to undertake over the next three years to achieve the objectives in its 2016-2021 Strategic Plan.

First Prev 7 8 9 10 11 12 13 ... Next Last