International Financial Reporting Standards (IFRSs)
WHAT'S NEW
AcSB Exposure Draft – Financial Instruments: Expected Credit Losses
May 17, 2013. The AcSB has issued an Exposure Draft that corresponds to the IASB’s Exposure Draft on this topic. Canadian stakeholders are encouraged to submit their comments, on the form provided, by July 5, 2013.
Canadian Member Appointment – IFRS Interpretations Committee
May 14, 2013. Mr Reinhard Dotzlaw has been appointed as a Committee Member by the Trustees of the IFRS Foundation. Mr Dotzlaw is the National Partner-in-Charge, Accounting Standards at KPMG LLP and a member of KPMG’s Global IFRS Panel.
IASB Survey – Classification and Measurement of Financial Assets
May 14, 2013. Analysts and investors are asked to provide input to the IASB on accounting for loan assets and debt securities held. Responses to the survey are due by May 31, 2013.
AcSB Response – Classification and Measurement: Limited Amendments to IFRS 9
May 6, 2013. The AcSB has submitted a comment letter responding to the IASB’s Exposure Draft.
AcSB Response – Novation of Derivatives and Continuation of Hedge Accounting
May 6, 2013. The AcSB has submitted a comment letter responding to the IASB’s Exposure Draft.
AcSB Response – Acquisition of an Interest in a Joint Operation (Proposed amendment to IFRS 11))
April 30, 2013. The AcSB has submitted a comment letter responding to the IASB’s Exposure Draft on this topic.
AcSB Response – Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (Proposed Amendments to IFRS 10 and IAS 28))
April 30, 2013. The AcSB has submitted a comment letter responding to the IASB’s Exposure Draft on this topic.
IASB Exposure Draft – Regulatory Deferral Accounts
April 26, 2013. The IASB has issued an Exposure Draft of a proposed interim standard on rate-regulated activities. Canadian stakeholders are encouraged to submit their comments to the IASB by September 4, 2013.
New! Searchable and Sortable Issues Database – IFRS Discussion Group
April 18, 2013. Search and sort the 126 issues discussed by the Group to date. Find out whether the Group has discussed an issue that you face in applying IFRSs and get the meeting report extract and audio webcast for each issue you find.
AcSB Response – Equity Method: Share of Other Net Asset Changes (Proposed amendments to IAS 28)
April 17, 2013. The AcSB has submitted a comment letter responding to the IASB’s Exposure Draft on this topic.
Request for Issues – IFRS Discussion Group
April 17, 2013. The next meeting of the IFRS Discussion Group will be held in Toronto on June 13, 2013. Individuals are encouraged to submit issues relating to the application of IFRSs in Canada by May 2, 2013.
AcSB Exposure Draft – Defined Benefit Plans: Employee Contributions (Proposed amendments to IAS 19)
April 16, 2013. The AcSB has issued an Exposure Draft that corresponds to the IASB’s Exposure Draft on this topic. Canadian stakeholders are encouraged to submit their comments, on the form provided, by July 25, 2013.
