International Financial Reporting Standards (IFRSs)
WHAT'S NEW
AcSB Response – Clarification of Acceptable Methods of Depreciation and Amortisation (Proposed amendments to IAS 16 and IAS 38)
April 9, 2013. The AcSB has submitted a comment letter responding to the IASB’s Exposure Draft on this topic.
Request for Information – Rate Regulation
April 2, 2013. The IASB has issued a Request for Information to assist it in determining the scope of its comprehensive project on rate-regulated activities. Canadian stakeholders are encouraged to submit their comments to the IASB by May 30, 2013.
AcSB Response – Recoverable Amount Disclosures for Non-Financial Assets (Proposed amendments to IAS 36)
March 28, 2013. The AcSB has submitted a comment letter responding to the IASB’s Exposure Draft on this topic.
IASB Exposure Draft – Defined Benefit Plans: Employee Contributions (Proposed amendments to IAS 19)
March 27, 2013. The IASB has issued an Exposure Draft proposing amendments to IAS 19 Employee Benefits. Canadian stakeholders are encouraged to submit their comments to the IASB by July 25, 2013.
AcSB Exposure Draft – Novation of Derivatives and Continuation of Hedge Accounting (Proposed amendments to IAS 39 and IFRS 9)
March 12, 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 April 2, 2013.
IASB Exposure Draft – Financial Instruments: Expected Credit Losses
March 11, 2013. The IASB has issued an Exposure Draft proposing amendments to IFRS 9 Financial Instruments with regard to impairment of financial assets. Canadian stakeholders are encouraged to submit their comments to the IASB by July 5, 2013.
IFRS Discussion Group – Report on January 11, 2013 Meeting
March 8, 2013 Read the report for details about the Group’s discussions in January 2013. Listen to the audio recordings to hear the Group’s full discussion
IASB Exposure Draft – Novation of Derivatives and Continuation of Hedge Accounting (Proposed amendments to IAS 39 and IFRS 9)
March 5, 2013. The IASB has issued an Exposure Draft proposing amendments to IAS 39 Financial Instruments: Recognition and Measurement and the draft hedge accounting requirements of IFRS 9 Financial Instruments. Canadian stakeholders are encouraged to submit their comments by April 2, 2013.
AcSB Response – Annual Improvements to IFRSs 2011 – 2013 Cycle
March 1, 2013. The AcSB has submitted a comment letter responding to the IASB’s Exposure Draft on this topic.
Revised Handbook – IFRS Foundation Due Process
February 22, 2013. The Trustees of the IFRS Foundation have issued an updated version of the IFRS Foundation Due Process Handbook. The Handbook describes the steps that the IASB and the Interpretations Committee follow when developing or revising IFRSs and Interpretations.
Revised Constitution – IFRS Foundation Constitution
February 22, 2013. The Trustees of the IFRS Foundation have issued a revised version of the IFRS Foundation Constitution that reflects the separation of the role of Chairman of the IASB and Chief Executive Officer of the IFRS Foundation.
Canadian Member Appointment – IFRS Advisory Council
February 19, 2013. Mr Daniel McMahon, President and CEO of the Ordre des comptables professionnels agréés du Québec (representing the Fédération Internationale des Experts-Comptables Francophones) has been appointed as a Council Member by the Trustees of the IFRS Foundation.
