http://www.FRASCanada.cahttp://www.FRASCanada.ca/rss/rss_item65644.html Fri, 17 May 2013 20:01:58 -0400 Percussion Rhythmyx September 6, 2011. An executive summary of discussions and decisions with respect to projects addressed in this meeting.

]]> Tue, 6 Sep 2011 00:00:00 -0400 62182 September 8, 2011. This publication provides guidance to auditors dealing with auditing and assurance matters arising from the changeover from existing Canadian GAAP to IFRSs.

]]> Thu, 8 Sep 2011 00:00:00 -0400 62192 September 27, 2011. An executive summary of discussions and decisions with respect to projects addressed in this meeting.

]]> Tue, 27 Sep 2011 00:00:00 -0400 62193 October 27, 2011. The AASB reports on its activities and accomplishments, including CAS implementation guidance and other transition matters.

]]> Thu, 27 Oct 2011 00:00:00 -0400 62194 November 1, 2011. An executive summary of discussions and decisions with respect to projects addressed in this meeting.

]]> Tue, 1 Nov 2011 00:00:00 -0400 62195 November 9, 2011. Take part in a free webinar on Monday, November 21, 2011 at 12:30 EDT in English, or Tuesday, December 6, 2011 at 12:30 EDT in French. This webinar will summarize the recent changes to the reporting guide, Reporting Implications of New Auditing and Accounting Standards, highlight recent auditor report research findings and clarify some complex reporting issues.

]]> Wed, 9 Nov 2011 00:00:00 -0500 62196 November 15, 2011. This publication provides guidance on reporting issues that may arise during the current period of change to new auditing and accounting standards.

]]> Tue, 15 Nov 2011 00:00:00 -0500 62198 December 2, 2011. A Basis for Conclusions has been issued.

]]> Fri, 2 Dec 2011 00:00:00 -0500 62199 December 8, 2011. The Chair of the AASB’s Message asks auditors to consider important issues when auditing companies with most or all of their operations in an emerging market country.

]]> Thu, 8 Dec 2011 00:00:00 -0500 62200 December 13, 2011. An executive summary of discussions and decisions with respect to projects addressed in this meeting.

]]> Tue, 13 Dec 2011 00:00:00 -0500 62201 January 6, 2012. The IAASB recently issued a press release to remind auditors that management’s use of the going concern assumption should be considered on every audit engagement. The matters discussed are useful to auditors in Canada.

]]> Fri, 6 Jan 2012 00:00:00 -0500 62202 January 10, 2012. The corporate legislation that governs charities and not-for-profit organizations has changed, which may affect entities' requirements for assurance on their financial statements. Public accountants are encouraged to talk with their clients regarding this legislation’s impact.

]]> Tue, 10 Jan 2012 00:00:00 -0500 62203 January 17, 2012. The AASB has issued an Exposure Draft seeking comments on its proposal to withdraw three Assurance and Related Services Guidelines. Comments, on the form provided, are requested by April 15, 2012.

]]> Tue, 17 Jan 2012 00:00:00 -0500 62204 January 17, 2012. The AASB has issued an Exposure Draft seeking comments on its proposal to revise various Handbook pronouncements to clarify the status and authority of Assurance and Related Services Guidelines and non-authoritative material. Comments, on the form provided, are requested by April 15, 2012.

]]> Tue, 17 Jan 2012 00:00:00 -0500 62205 January 25, 2012. This publication provides guidance on reporting issues that may arise during the current period of change to new auditing and accounting standards.

]]> Wed, 25 Jan 2012 00:00:00 -0500 62206 January 26, 2012. An executive summary of discussions and decisions with respect to projects addressed in this meeting.

]]> Thu, 26 Jan 2012 00:00:00 -0500 62207 February 9, 2012. This Auditing and Assurance Bulletin explains the interrelationship of various requirements in Canadian Auditing Standards regarding the dating of auditor’s reports. These requirements are based on the fundamental principle that the report cannot be dated before obtaining sufficient appropriate audit evidence.

]]> Thu, 9 Feb 2012 00:00:00 -0500 62208 December 20, 2011. The AASOC reports on its activities for the period ending August 31, 2011.

]]> Tue, 20 Dec 2011 00:00:00 -0500 62211 January 20, 2012. Minutes of the subject meeting are now available.

]]> Fri, 20 Jan 2012 00:00:00 -0500 62212 February 9, 2012.  The Auditing and Assurance Standards Oversight Council will review the activities of the AASB and other related standard setters.

]]> Thu, 9 Feb 2012 00:00:00 -0500 62213 February 9, 2012. This Auditing and Assurance Bulletin provides examples of guidance in Canadian Auditing Standards that help the auditor to properly apply professional skepticism.

]]> Thu, 9 Feb 2012 03:00:00 -0500 62219 February 14, 2012. Register to listen live to the IASB and the FASB Toronto roundtable discussion to be held on February 17, 2012 from 10:00 to 12:00 EST.

]]> Tue, 14 Feb 2012 02:00:00 -0500 62237 February 1, 2012. The AcSB has issued an Exposure Draft that corresponds to the IASB’s Exposure Draft on this topic. Comments, on the form provided, are requested by March 13, 2012.

]]> Wed, 1 Feb 2012 00:00:00 -0500 62238 February 1, 2012. The AcSOC is seeking stakeholder views on the AcSB's performance. Completed Surveys are requested by February 15, 2012.

]]> Wed, 1 Feb 2012 00:00:00 -0500 62239 January 27, 2012. Are you a user of investment company financial statements? Register to attend a roundtable on Friday, February 17, 2012 in Toronto, to share your views on the investment entities proposals with members and staff of the IASB and the FASB.

]]> Fri, 27 Jan 2012 00:00:00 -0500 62241 January 25, 2012. The AcSB has issued an Exposure Draft that corresponds to the IASB’s Exposure Draft on this topic. Comments, on the form provided, are requested by March 21, 2012.

]]> Wed, 25 Jan 2012 00:00:00 -0500 62242 January 24, 2012. The AcSB has issued an Exposure Draft proposing amendments to the standards for employee future benefits that will affect private enterprises, not-for-profit organizations, and pension plans that have chosen the deferral and amortization approach for their defined benefit plans. Comments, on the form provided, are requested by May 25, 2012.

]]> Tue, 24 Jan 2012 00:00:00 -0500 62244 January 20, 2012. At its December 2011 meeting, the Private Enterprise Advisory Committee discussed various issues in respect of the accounting standards for private enterprises. The meeting notes are a summary of discussions held.

]]> Fri, 20 Jan 2012 00:00:00 -0500 62245 April 13, 2011. A Summary Comparison of the PS 4200 Series to other standards in the CICA Public Sector Accounting (PSA) Handbook has been issued to assist government not-for-profit organizations in their transition to the PSA Handbook.

]]> Wed, 13 Apr 2011 00:00:00 -0400 62246 July 5, 2011. An updated Summary Comparison of the CICA Public Sector Accounting (PSA) Handbook to the CICA Handbook – Accounting has been issued to help government organizations in their transition to the PSA Handbook.

]]> Tue, 5 Jul 2011 00:00:00 -0400 62247 January 18, 2012.  Listen to the audio recordings of the topics discussed by the Group in January 2012. For further details about the topics, see the Group’s agenda and description of items.

]]> Wed, 18 Jan 2012 00:00:00 -0500 62248 July 12, 2011. PSAB has issued an Exposure Draft that proposes to withdraw Section PS 3030, Temporary Investments, and amend Section PS 3040, Portfolio Investments. Comments, on the form provided, are requested by October 14, 2011.

]]> Tue, 12 Jul 2011 00:00:00 -0400 62249 January 18, 2012. An executive summary of discussions and decisions with respect to the topics addressed at this meeting.

]]> Wed, 18 Jan 2012 00:00:00 -0500 62250 July 14, 2011. PSAB has issued an Exposure Draft that proposes to amend certain standards and guidelines to clarify their applicability to various public sector entities. Comments, on the form provided, are requested by September 30, 2011.

]]> Thu, 14 Jul 2011 00:00:00 -0400 62251 January 11, 2012. A Background Information and Basis for Conclusions document is now available.

]]> Wed, 11 Jan 2012 00:00:00 -0500 62252 July 19, 2011. An executive summary of discussions and decisions with respect to projects addressed in this meeting.

]]> Tue, 19 Jul 2011 00:00:00 -0400 62253 January 6, 2012. The AcSB’s User Advisory Council has submitted a response to the IASB agreeing that investment entities should not consolidate controlled entities and instead measure them at fair value. The letter recommends that current disclosure requirements should be expanded to provide transparency about the holdings and liabilities of controlled investees.

]]> Fri, 6 Jan 2012 00:00:00 -0500 62254 July 27, 2011. The July issue of this e-newsletter includes a message from the Chair and articles on topics of interest to public sector stakeholders.

]]> Wed, 27 Jul 2011 00:00:00 -0400 62256 January 5, 2012. A meeting of the IFRS Discussion Group will be held on Thursday, January 12, 2012 in Toronto. The meeting is open to public observation. An archive recording of the meeting will also be available in the week following for those who are unable to attend in person.

]]> Thu, 5 Jan 2012 00:00:00 -0500 62257 July 29, 2011. Basis for Conclusions documents for Section PS 1201, Financial Statement Presentation, Section PS 2601, Foreign Currency Translation and Section PS 3450, Financial Instruments are now available.

]]> Fri, 29 Jul 2011 00:00:00 -0400 62258 August 15, 2011. PSAB has issued an Exposure Draft that proposes to make amendments to improve accounting standards for public sector entities. Comments, on the form provided, are requested by October 28, 2011.

]]> Mon, 15 Aug 2011 00:00:00 -0400 62259 December 22, 2011. This special edition of FYI summarizes the activities of the AcSB and staff that should be considered in financial statement preparation in the 2011 and 2012 fiscal years.

]]> Thu, 22 Dec 2011 00:00:00 -0500 62260 December 20, 2011. The AcSB is hosting the IASB’s and the FASB’s roundtable discussion of their proposals for investment entities on February 17, 2012 in Toronto. To share your views, register with the IASB by January 27, 2012.

]]> Tue, 20 Dec 2011 00:00:00 -0500 62261 August 25, 2011. PSAB’s Conceptual Framework Task Force has issued a Consultation Paper to seek input on the key characteristics of public sector entities. Comments, on the form provided, are requested by October 15, 2011.

]]> Thu, 25 Aug 2011 00:00:00 -0400 62262 September 23, 2011. A companion webcast that explains Consultation Paper 1 issued by PSAB’s Conceptual Framework Task Force in August 2011 is now available.

]]> Fri, 23 Sep 2011 00:00:00 -0400 62263 October 5, 2011. PSAB has issued an Issue Paper that seeks views on recognition and measurement of related party transactions as well as information on how these transactions are currently accounted for and reported. Comments, on the form provided, are requested by November 14, 2011.

]]> Wed, 5 Oct 2011 00:00:00 -0400 62264 December 20, 2011. The IASB has issued an Exposure Draft proposing to clarify when an entity needs to apply IFRS 10 Consolidated Financial Statements retrospectively. The comment deadline is March 21, 2012.

]]> Tue, 20 Dec 2011 00:00:00 -0500 62265 October 5, 2011. PSAB has issued an Invitation to Comment that seeks input on key principles and definitions that the Board expects to include in a future exposure draft. Comments, on the form provided, are requested by November 14, 2011.

]]> Wed, 5 Oct 2011 00:00:00 -0400 62266 October 19, 2011. PSAB reports on the results of its activities and performance during the year, including standards development, strategic planning, stakeholder outreach and more.

]]> Wed, 19 Oct 2011 00:00:00 -0400 62267 December 20, 2011. The IASB has issued amendments to IFRS 9 Financial Instruments that defer the mandatory effective date from January 1, 2013 to January 1, 2015. The amendments also provide relief from the requirement to restate comparative financial statements for the effect of applying IFRS 9.

]]> Tue, 20 Dec 2011 00:00:00 -0500 62268 October 25, 2011. The Accounting Standards Oversight Council is seeking an exceptional individual to serve as a Chair of the Public Sector Accounting Board, beginning January 2012.

]]> Tue, 25 Oct 2011 00:00:00 -0400 62269 December 20, 2011. The IASB has issued amendments to IFRS 7 Financial Instruments: Disclosures that result in the IFRSs and US GAAP having common disclosure requirements that are intended to help financial statement users to better assess the effect or potential effect of offsetting arrangements on a company’s financial position.

]]> Tue, 20 Dec 2011 00:00:00 -0500 62270 October 27, 2011. An executive summary of discussions and decisions with respect to projects addressed in this meeting.

]]> Thu, 27 Oct 2011 00:00:00 -0400 62271 December 20, 2011. The IASB has issued amendments to IAS 32 Financial Instruments: Presentation to address inconsistencies when applying the offsetting requirements. The amendments clarify the meaning of “currently has a legally enforceable right of set-off” and that some gross settlement systems may be considered equivalent to net settlement.

]]> Tue, 20 Dec 2011 00:00:00 -0500 62272 December 19, 2011. An executive summary of discussions and decisions with respect to the topics addressed at this meeting.

]]> Mon, 19 Dec 2011 00:00:00 -0500 62273 December 7, 2011. The AcSB’s User Advisory Council has submitted a response to the IASB that urges the IASB to work together with the FASB and other standard setters on convergence. The letter strongly recommends that the IASB should ensure that IFRSs are applied consistently and properly and improve disclosures in financial statements.

]]> Wed, 7 Dec 2011 00:00:00 -0500 62274 November 29, 2011. The AcSB is seeking feedback from preparers, practitioners, advisors and users to assist with its Consolidation project for private enterprises. Completed questionnaires are requested by January 30, 2012.

]]> Tue, 29 Nov 2011 00:00:00 -0500 62275 November 23, 2011. The Accounting Standards Oversight Council is currently seeking new members to appoint to the Accounting Standards Board.

]]> Wed, 23 Nov 2011 00:00:00 -0500 62276 November 17, 2011. An executive summary of discussions and decisions with respect to the topics addressed at this meeting.

]]> Thu, 17 Nov 2011 00:00:00 -0500 62277 November 17, 2011. A report on the September 12-13, 2011 meeting of the National Standard Setters can be accessed here.

]]> Thu, 17 Nov 2011 00:00:00 -0500 62278 November 14, 2011.  Investors are encouraged to complete a survey to identify areas in accounting that are in most urgent need of improvement and should be considered by the IASB when setting its future agenda. The survey is available until December 19, 2011.

]]> Mon, 14 Nov 2011 00:00:00 -0500 62279 October 31, 2011. PSAB is seeking feedback from stakeholders to help gauge its performance and identify areas for development. Completed surveys are requested by November 21, 2011.

]]> Mon, 31 Oct 2011 00:00:00 -0400 62280 November 9, 2011. The AcSB has issued an Exposure Draft that corresponds to the IASB’s Exposure Draft on this topic. Comments, on the form provided, are requested by January 5, 2012.

]]> Wed, 9 Nov 2011 00:00:00 -0500 62281 November 14, 2011. The deadline for comments on the Invitation to Comment – Definition and Disclosure – and the Issues Paper – Recognition and Measurement – has been extended from November 14, 2011 to November 30, 2011.

]]> Mon, 14 Nov 2011 00:00:00 -0500 62282 November 14, 2011. IPSASB has issued a Consultation Paper entitled “Reporting Service Performance Information.” Canadian stakeholders are encouraged to provide their views to IPSASB. Comments are requested by April 14, 2012.

]]> Mon, 14 Nov 2011 00:00:00 -0500 62283 November 14, 2011. IPSASB has issued an Exposure Draft entitled “Reporting on the Long-Term Sustainability of a Public Sector Entity’s Finances.” Canadian stakeholders are encouraged to provide their views to IPSASB. Comments are requested by February 28, 2012.

]]> Mon, 14 Nov 2011 00:00:00 -0500 62284 November 1, 2011. A Background Information and Basis for Conclusions document is now available.

]]> Tue, 1 Nov 2011 00:00:00 -0400 62285 November 17, 2011. PSAB is seeking individuals interested in joining a task force to examine financial reporting issues facing public sector entities reporting revenues.

]]> Thu, 17 Nov 2011 00:00:00 -0500 62286 November 17, 2011. The November issue of this e-newsletter includes a message from the Chair and articles on topics of interest to public sector stakeholders.

]]> Thu, 17 Nov 2011 00:00:00 -0500 62287 October 27, 2011.  Read the report for details about the Group’s discussions in September 2011.  It reflects the AcSB’s decision to expand the Group’s mandate and issue more detailed meeting reports.  Listen to the audio recordings to hear the Group’s full discussion.

]]> Thu, 27 Oct 2011 00:00:00 -0400 62288 December 6, 2010. The CICA is seeking an individual to join the public sector accounting team to develop accounting and financial reporting standards for the public sector in Canada.

]]> Tue, 6 Dec 2011 00:00:00 -0500 62289 October 24, 2011. The IASB has issued an Exposure Draft proposing to provide the same relief to first-time adopters as is granted to existing preparers of IFRS financial statements when applying IAS 20 Accounting for Government Grants and Disclosure of Government Assistance. The comment deadline is January 5, 2012.

]]> Mon, 24 Oct 2011 00:00:00 -0400 62290 December 8, 2011. The Accounting Standards Oversight Council is currently seeking new members to appoint to the Public Sector Accounting Board.

]]> Thu, 8 Dec 2011 00:00:00 -0500 62291 October 24, 2011. The IASB has issued IFRIC Interpretation 20 clarifying when production stripping should lead to the recognition of an asset and how that asset should be measured, both initially and in subsequent periods.

]]> Mon, 24 Oct 2011 00:00:00 -0400 62292 October 20, 2011. The October issue includes the message from the Chair and articles on other topics of interest to stakeholders.

]]> Thu, 20 Oct 2011 00:00:00 -0400 62293 October 20, 2011. The AcSB has issued an Exposure Draft that corresponds to the IASB’s Exposure Draft on this topic. Comments, on the form provided, are requested by January 5, 2012.

]]> Thu, 20 Oct 2011 00:00:00 -0400 62294 January 9, 2012. PSAB has issued an Exposure Draft that proposes to make amendments to the transitional provisions in Section PS 2601, Foreign Currency Translation, and Section PS 3450, Financial Instruments. Comments, on the form provided, are due February 24, 2012.

]]> Mon, 9 Jan 2012 00:00:00 -0500 62295 January 13, 2012. An executive summary of discussions and decisions with respect to projects addressed in this meeting.

]]> Fri, 13 Jan 2012 00:00:00 -0500 62296 January 17, 2012. This Task Force will develop a public sector standard addressing accounting and financial reporting issues relating to asset retirement obligations.

]]> Tue, 17 Jan 2012 00:00:00 -0500 62297 October 20, 2011. An executive summary of discussions and decisions with respect to the topics addressed at this meeting.

]]> Thu, 20 Oct 2011 00:00:00 -0400 62298 February 8, 2012. IPSASB has issued a Consultation Paper that explores concepts applicable to presentation of information in general  purpose financial reports. Canadian stakeholders are encouraged to provide their views to IPSASB. Comments are requested by May 31, 2012.

]]> Wed, 8 Feb 2012 00:00:00 -0500 62299 October 17, 2011. Ian Mackintosh, Vice-Chair of the IASB, will attend the AcSB’s roundtable on October 24, 2011 in Toronto. Attend or call in to get your voice heard.

]]> Mon, 17 Oct 2011 00:00:00 -0400 62302 October 17, 2011. Attend a roundtable in Toronto on November 10, 2011 or participate in conference call discussions on November 14, 2011 to share your views on the investment entities proposals in the IASB's Exposure Draft.

]]> Mon, 17 Oct 2011 00:00:00 -0400 62351 October 17, 2011. At its September 2011 meeting, the Private Enterprise Advisory Committee discussed various issues in respect of the accounting standards for private enterprises. The meeting notes are a summary of discussions held.

]]> Mon, 17 Oct 2011 00:00:00 -0400 62378 October 11, 2011. The AcSB has issued a media release on their recent Invitation to Comment, which seeks feedback from Canadian stakeholders to help develop its response to the IASB Agenda Consultation 2011.

]]> Tue, 11 Oct 2011 00:00:00 -0400 62381 October 7, 2011. The AcSB is seeking expressions of interest from individuals willing to volunteer on its IFRS Discussion Group.

]]> Fri, 7 Oct 2011 00:00:00 -0400 62382 October 6, 2011.  Listen to the audio recordings of the topics discussed by the Group in September 2011. For further details about the topics, see the Group’s agenda and description of items.

]]> Thu, 6 Oct 2011 00:00:00 -0400 62383 September 23, 2011. Attend a roundtable or participate in conference call discussions in Toronto, Vancouver, Calgary or Montreal in October 2011 and early November 2011, to share your views on the IASB’s strategic priorities and agenda areas over the next three years.

]]> Fri, 23 Sep 2011 00:00:00 -0400 62384 September 23, 2011. Take part in a free AcSB webinar on Monday, October 3, 2011 at 12:00 EDT, in English, or Tuesday, October 25, 2011 at 12:00 EDT, in French. This webinar will summarize the IASB Agenda Consultation 2011, including the key features of the international financial reporting environment, the main drivers affecting the IASB's activities, constraining factors, and the list of possible projects.

]]> Fri, 23 Sep 2011 00:00:00 -0400 62385 September 23, 2011. The AcSB reports that it had a successful year in 2010-2011, meeting all of the objectives in its annual plan and achieving the last milestones in fulfilling the objectives in its 2006-2011 Strategic Plan.

]]> Fri, 23 Sep 2011 00:00:00 -0400 62386 September 21, 2011. A meeting of the IFRS Discussion Group will be held on Wednesday, September 28, 2011 in Toronto. The meeting is open to public observation. An archive recording of the meeting will also be available in the week following for those who are unable to attend in person.

]]> Wed, 21 Sep 2011 00:00:00 -0400 62387 September 21, 2011. The AcSB has issued an Invitation to Comment requesting views on the IASB’s Agenda Consultation 2011. The AcSB is seeking input from stakeholders in order to develop an informed response to the IASB’s Request for Views on this topic. Comments, on the form provided, are requested by October 24, 2011.

]]> Wed, 21 Sep 2011 00:00:00 -0400 62389 September 19, 2011. An executive summary of discussions and decisions with respect to the topics addressed at this meeting.

]]> Mon, 19 Sep 2011 00:00:00 -0400 62391 September 15, 2011. Complete a survey on experience with financial statements that include accounting for intangible assets acquired in a business combination, issued by the Australian Accounting Standards Board. Results will be reported to the IASB. Experience using Canadian GAAP is relevant to this survey. The response deadline is December 15, 2011.

]]> Thu, 15 Sep 2011 00:00:00 -0400 62393 September 13, 2011. The CICA’s 2011 Conference will offer extensive coverage of the latest developments in both IFRSs and accounting standards for private enterprises. The Conference will take place in Toronto on September 26-27, 2011 (with optional workshops September 28, 2011).

]]> Tue, 13 Sep 2011 00:00:00 -0400 62395 September 8, 2011. At its June 2011 meeting, the Private Enterprise Advisory Committee discussed various issues in respect of the accounting standards for private enterprises. The meeting notes are a summary of discussions held.

]]> Thu, 8 Sep 2011 00:00:00 -0400 62399 August 29, 2011. The AcSB has issued an Exposure Draft that corresponds to the IASB’s Exposure Draft on this topic. Comments, on the form provided, are requested by October 21, 2011.

]]> Mon, 29 Aug 2011 00:00:00 -0400 62403 August 29, 2011. The IASB has issued an Exposure Draft proposing to define investment entities as a separate type of entity that would be exempt from consolidation requirements. The comment deadline is January 5, 2012.

]]> Mon, 29 Aug 2011 00:00:00 -0400 62408 August 22, 2011. The “IFRS in North America 2011: The North American Perspective” conference, sponsored jointly by the IFRS Foundation and the AICPA, will take place in Boston on October 5-7, 2011.

]]> Mon, 22 Aug 2011 00:00:00 -0400 62409 August 16, 2011. The August issue includes the message from the Chair and articles on other topics of interest to stakeholders.

]]> Tue, 16 Aug 2011 00:00:00 -0400 62410 August 9, 2011.  The IASB has issued an Exposure Draft proposing to adjust the mandatory effective date of IFRS 9 Financial Instruments from January 1, 2013 to January 1, 2015.  The comment deadline is October 21, 2011.

]]> Tue, 9 Aug 2011 00:00:00 -0400 62411 August 5, 2011. The next meeting of the IFRS Discussion Group will be held on September 28, 2011 in Toronto. Individuals are encouraged to submit issues relating to the application of IFRSs in Canada by August 15, 2011 for consideration at this meeting..

]]> Fri, 5 Aug 2011 00:00:00 -0400 62413 August 5, 2011. Mr. Wayne Upton, Director of International Activities at the IASB, has been appointed Chair of the Committee by the Trustees of the IFRS Foundation and will chair the Committee’s September 2011 meeting.  

]]> Fri, 5 Aug 2011 00:00:00 -0400 62414 July 28, 2011. The AcSB has issued an Exposure Draft that corresponds to the IASB’s Exposure Draft on this topic. Comments, on the form provided, are requested by October 21, 2011.

]]> Thu, 28 Jul 2011 00:00:00 -0400 62415 July 28, 2011. The IASB has issued a Request for Views to seek input on its broad strategic direction in setting its future work plan and the areas of financial reporting that the IASB should give priority to over the next three years. The comment deadline is November 30, 2011.

]]> Thu, 28 Jul 2011 00:00:00 -0400 62416 July 22, 2011. An executive summary of discussions and decisions with respect to the topics addressed at this meeting.

]]> Fri, 22 Jul 2011 00:00:00 -0400 62417 July 16, 2011. At its June 2011 meeting, the IFRS Discussion Group discussed various issues arising from the application of IFRSs in Canada. The meeting notes are a summary of the discussion and should be reviewed in conjunction with the archived audio webcast of the meeting.

]]> Sat, 16 Jul 2011 00:00:00 -0400 62419 February 14, 2012. The Trustees of the IFRS Foundation are inviting applications to fill up to four vacancies on the IFRS Interpretations Committee. Expressions of interest should be sent directly to the IASB by March 10, 2012.  

]]> Tue, 14 Feb 2012 03:00:00 -0500 62511 February 14, 2012. The Monitoring Board and the Trustees announced the conclusions of their separate reviews of the IFRS Foundation’s Governance and the Strategy for the Foundation's Second Decade. The reviews propose a sound governance platform and clear strategy on which the Foundation can continue to work towards becoming the global accounting standard setter.

]]> Tue, 14 Feb 2012 01:00:00 -0500 62512 February 14, 20 12. The AcSB is hosting a roundtable discussion for the IASB on its agenda consultation document on March 14, 2012 in Toronto. To share your views, register with the IASB by March 5, 2012.

]]> Tue, 14 Feb 2012 00:00:00 -0500 62513 January 6, 2012. The AcSB has submitted a comment letter responding to the IASB’s Exposure Draft.

]]> Fri, 6 Jan 2012 00:00:00 -0500 62514 January 6, 2012. The AcSB has submitted a comment letter responding to the IASB’s Exposure Draft.

]]> Fri, 6 Jan 2012 00:00:00 -0500 62515 December 6, 2011. The AcSB has submitted a comment letter responding to the IASB’s Request for Views.

]]> Tue, 6 Dec 2011 00:00:00 -0500 62516 November 21, 2011. The AcSB has submitted a comment letter responding to the IASB’s Exposure Draft.

]]> Mon, 21 Nov 2011 00:00:00 -0500 62517 November 17, 2011. The IASB and the FASB have issued a revised Exposure Draft that is based on the same underlying principles as the original draft; however, the Boards have simplified and clarified several aspects of the Exposure Draft in response to feedback received. The comment deadline is March 13, 2012.

]]> Thu, 17 Nov 2011 00:00:00 -0500 62518 November 7, 2011. The next meeting of the IFRS Discussion Group will be held on January 12, 2012 in Toronto. Individuals are encouraged to submit issues relating to the application of IFRSs in Canada by November 14, 2011 for consideration at this meeting. For further information, see Submission of Issues.

]]> Mon, 7 Nov 2011 00:00:00 -0500 62520 October 31, 2011. The AcSB has submitted a comment letter responding to the IASB’s Exposure Draft.

]]> Mon, 31 Oct 2011 00:00:00 -0400 62522 July 13, 2011. The Accounting Standards Oversight Council and the AcSB have submitted a comment letter responding to the Foundation’s “Report on the Trustees’ Strategy Review: IFRSs as the Global Standard: Setting a Strategy for the Second Decade.”

]]> Wed, 13 Jul 2011 00:00:00 -0400 62523 Feb 8, 2012. The Accounting Standards Oversight Council to discuss the performance of the AcSB and PSAB and their activities.

]]> Wed, 8 Feb 2012 00:00:00 -0500 62529 December 6, 2011. The Accounting Standards Oversight Council has submitted a response to the IASB that strongly supports the priorities the AcSB identified in its response because the AcSB’s recommendations respond to concerns of Canadian stakeholders. The letter encourages the IASB to take the actions needed to demonstrate that IFRSs are of high quality.

]]> Tue, 6 Dec 2011 00:00:00 -0500 62530 December 6, 2011. The Accounting Standards Oversight Council has submitted a letter to the IFRS Foundation Trustees encouraging the Trustees to consult with existing and potential IFRS stakeholders to identify how the IASB can best balance its priorities of maintaining and developing high-quality IFRSs and assisting jurisdictions with their convergence activities.

]]> Tue, 6 Dec 2011 00:00:00 -0500 62531 November 29, 2011. At a public meeting in Toronto, the Accounting Standards Oversight Council discusses the performance of the AcSB and PSAB and their recent activities.

]]> Tue, 29 Nov 2011 00:00:00 -0500 62532 November 9, 2011. The Accounting Standards Oversight Council has issued its 2010-2011 Annual Report, which includes reports on the Accounting Standards Board's and Public Sector Accounting Board's activities and performance during the year.

]]> Wed, 9 Nov 2011 00:00:00 -0500 62533 July 19, 2011. At a public meeting in Ottawa, the Accounting Standards Oversight Council discusses the performance of the AcSB and PSAB and their recent activities.

]]> Tue, 19 Jul 2011 00:00:00 -0400 62534 December 20, 2011. Hear Mark Walsh, Principal, AcSB,discuss the benefits to private enterprises of adopting these standards as GAAP in Canada with Ottawa’s 580 CFRA News Talk Radio.

]]> Tue, 20 Dec 2011 06:00:00 -0500 62960 December 2, 2011. A Basis for Conclusions has been issued.

]]> Fri, 2 Dec 2011 02:00:00 -0500 62965 February 27, 2012. An executive summary of discussions and decisions with respect to the topics addressed at this meeting.

]]> Mon, 27 Feb 2012 00:00:00 -0500 62993 December 2, 2010. Find the answers to frequently asked questions such as why are GNFPOs being asked to follow public sector accounting standards, can I early adopt these standards, and more.

]]> Thu, 2 Dec 2010 00:00:00 -0500 62995 December 1, 2010. A Basis for Conclusions has been issued.

]]> Wed, 1 Dec 2010 00:00:00 -0500 62996 February 27, 2012. PSAB has issued a Statement of Principles that seeks input on key principles and definitions that the Board intends to include in a future exposure draft. Comments, on the form provided, are requested by April 20, 2012.

]]> Mon, 27 Feb 2012 00:00:00 -0500 63001 July 20, 2011. An article to assist government not-for-profit organizations in understanding the changes in the accounting standards they will follow has been posted.

]]> Wed, 20 Jul 2011 00:00:00 -0400 63003 February 27, 2012. A summary of topics for discussion.

]]> Fri, 24 Feb 2012 00:00:00 -0500 63005 February 27, 2012. The AASB urges Canadian stakeholders to provide input to the IAASB's “Plan for a Post-Implementation Review of the Clarified International Standards on Auditing.” Comments, on the form provided, are requested by September 7, 2012.

]]> Mon, 27 Feb 2012 00:00:00 -0500 63048 February 29, 2012. The February issue includes the message from the Chair and articles on other topics of interest to stakeholders.

]]> Wed, 29 Feb 2012 00:00:00 -0500 63084 March 2, 2012. A summary of topics for discussion.

]]> Fri, 2 Mar 2012 00:00:00 -0500 63092 February 29, 2012. The February issue of this e-newsletter includes a message from the Chair and articles on topics of interest to public sector stakeholders.

]]> Wed, 29 Feb 2012 00:00:00 -0500 63096 March 1, 2012. The next meeting of the IFRS Discussion Group will be held in Toronto. Individuals are encouraged to submit issues relating to the application of IFRSs in Canada by March 7, 2012 for consideration at this meeting. For further information, see Submission of Issues.

]]> Thu, 1 Mar 2012 00:00:00 -0500 63102 March 8, 2012. The AcSB has issued an Exposure Draft proposing amendments to accounting standards for private enterprises. These amendments will affect private enterprises and not-for-profit organizations. Comments are requested, on the form provided, by June 1, 2012.

]]> Mon, 5 Mar 2012 00:00:00 -0500 63274 March 9, 2012. Read the report for details about the Group’s discussions in January 2012.  It reflects the AcSB’s decision to expand the Group’s mandate and issue more detailed meeting reports.  Listen to the audio recordings to hear the Group’s full discussion.

]]> Fri, 9 Mar 2012 00:00:00 -0500 63374 March 14, 2012. A summary of topics for discussion.

]]> Mon, 12 Mar 2012 00:00:00 -0400 63395 March 13, 2012. This issue of the Auditing and Assurance Bulletin highlights matters for auditors to consider in light of the uncertain economic environment. These include overall and detailed decisions, from client continuance and staffing, to the nature, timing and extent of specific audit procedures.

]]> Tue, 13 Mar 2012 00:00:00 -0400 63402 March 14, 2012. This new enewsletter from the staff of the AASB brings you all the latest “buzz” on activities and goings-on in the world of Canadian auditing and assurance standard setting.

]]> Wed, 14 Mar 2012 00:00:00 -0400 63502 March 14, 2012. At its February 2012 meeting, the Private Enterprise Advisory Committee discussed various issues in respect of the accounting standards for private enterprises. The meeting notes are a summary of discussions held.

]]> Wed, 14 Mar 2012 00:00:00 -0400 63512 March 14, 2012. The IASB has issued amendments to IFRS 1 First-time Adoption of International Financial Reporting Standards to provide the same relief to first-time adopters as is granted to existing preparers of IFRS financial statements when applying IAS 20 Accounting for Government Grants and Disclosure of Government Assistance.

]]> Wed, 14 Mar 2012 00:00:00 -0400 63519 March 15, 2012. Minutes of the subject meeting are now available.

]]> Thu, 15 Mar 2012 00:00:00 -0400 63540 March 20, 2012. An executive summary of discussions and decisions with respect to projects addressed in this meeting.

]]> Thu, 15 Mar 2012 00:00:00 -0400 63546 March 15, 2012. Listen to this webcast for an overview of the proposed changes to the accounting standards for defined benefit plans by private enterprises and not-for-profit organizations.  Take the quiz at the end of the webcast and get CPD credits!

]]> Thu, 15 Mar 2012 00:00:00 -0400 63575 January 24, 2012. The AcSB has issued an Exposure Draft proposing amendments to the standards for employee future benefits that will affect private enterprises, not-for-profit organizations, and pension plans that have chosen the deferral and amortization approach for their defined benefit plans. Comments, on the form provided, are requested by May 25, 2012.

]]> Tue, 24 Jan 2012 00:00:00 -0500 63577 March 22, 2012.  The Auditing and Assurance Standards Oversight Council will review the activities of the AASB and other related standard setters.

]]> Thu, 22 Mar 2012 00:00:00 -0400 63626 March 28, 2012. The AcSB has submitted a comment letter responding to the IASB’s Exposure Draft.

]]> Wed, 28 Mar 2012 00:00:00 -0400 63794 March 30, 2012. An executive summary of discussions and decisions with respect to the topics addressed at this meeting.

]]> Fri, 30 Mar 2012 00:00:00 -0400 63799 March 30, 2012. The AcSB has submitted a comment letter responding to the IASB’s Exposure Draft.

]]> Thu, 29 Mar 2012 00:00:00 -0400 63863 April 3, 2012. A Background Information and Basis for Conclusions document is now available.

]]> Mon, 2 Apr 2012 00:00:00 -0400 63932 April  6, 2012. At a public meeting in Toronto, the Accounting Standards Oversight Council discussed international and domestic financial reporting activities.

]]> Wed, 4 Apr 2012 00:00:00 -0400 63982 April 13, 2012. An executive summary of discussions and decisions with respect to projects addressed in this meeting.

]]> Fri, 13 Apr 2012 00:00:00 -0400 64004 April 13, 2012. An agenda covering the topics for discussion is now available. Get more information on the Group, including how to attend meetings in person.

]]> Thu, 12 Apr 2012 00:00:00 -0400 64150 April 12, 2012. AcSOC is pleased to announce new leadership appointments, with Kevin Nye as its Chair and Peter Jewett as its Vice-Chair, effective April 1, 2012.

]]> Thu, 12 Apr 2012 00:00:00 -0400 64152 April 12, 2012. AASOC is pleased to announce the appointment of Mark Davies as Chair and Cathy MacGregor as Vice-Chair to the AASB, effective April 1, 2012.

]]> Thu, 12 Apr 2012 00:00:00 -0400 64154 April 12, 2012. AcSOC is pleased to announce new leadership appointments, with Kevin Nye as its Chair and Peter Jewett as its Vice-Chair, effective April 1, 2012.

]]> Thu, 12 Apr 2012 00:00:00 -0400 64156 April 17, 2012. Are you involved with private enterprises, not-for-profit organizations, or pension plans that account for a defined benefit plan using accounting standards for private enterprises? Register to attend a conference call discussion on Tuesday, May 8, 2012 to provide your input to the AcSB staff on this Exposure Draft.

]]> Fri, 13 Apr 2012 00:00:00 -0400 64169 April 17, 2012. AcSOC is pleased to announce new appointments and retirements to both the Council and the AcSB.

]]> Mon, 16 Apr 2012 00:00:00 -0400 64182 April 19, 2012. A summary of topics for discussion.

]]> Wed, 18 Apr 2012 00:00:00 -0400 64255 April 23, 2012. A summary of topics for discussion.

]]> Thu, 19 Apr 2012 00:00:00 -0400 64292 April 23, 2012. Read these frequently asked questions to help you better understand the proposed changes to the accounting standards for defined benefit plans. These changes apply to private enterprises and not-for-profit organizations.

]]> Mon, 23 Apr 2012 00:00:00 -0400 64402 April 24, 2012. These meeting notes are a summary of discussions held.

]]> Tue, 24 Apr 2012 00:00:00 -0400 64412 April 26, 2012. The AcSB staff answers stakeholders’ questions about the AcSB’s one-year extension of the mandatory changeover date to IFRSs for entities with qualifying rate-regulated activities. Get details on the AcSB’s decision and what other actions are being taken to move this topic forward. 

]]> Thu, 26 Apr 2012 00:00:00 -0400 64423 April 26, 2012. The AcSB staff answers stakeholders’ questions about the AcSB’s one-year extension of the mandatory changeover date to IFRSs for entities with qualifying rate-regulated activities. Get details on the AcSB’s decision and what other actions are being taken to move this topic forward. 

]]> Thu, 26 Apr 2012 00:00:00 -0400 64478 April 27, 2012 Listen to the audio webcasts of the topics discussed.  Read the Observer Summary to help you follow the Group’s discussion.

]]> Fri, 27 Apr 2012 00:00:00 -0400 64557 April 27, 2012. Paul Cherry, former AcSB Chair and IFRS Advisory Council chairman, Bob Herz, AcSOC member and former FASB chairman, and Sir David Tweedie, past IASB chairman, participated in a panel to discuss such topics as U.S. adoption of IFRSs, integrated reporting and the political pressure that standard setters can face.

]]> Fri, 27 Apr 2012 00:00:00 -0400 64559 April 27, 2012. The April issue includes the message from the Director and articles on other topics of interest to stakeholders.

]]> Fri, 27 Apr 2012 01:00:00 -0400 64563 May 1, 2012. AcSOC is pleased to announce the appointment of Rod Monette as the new Chair of PSAB, effective May 1, 2012.

]]> Tue, 1 May 2012 00:00:00 -0400 64569 April 30, 2012. The April issue of this e-newsletter includes a message from the Chair and articles on topics of interest to public sector stakeholders.

]]> Mon, 30 Apr 2012 00:00:00 -0400 64588 May 3, 2012. Minutes of the subject meeting are now available.

]]> Wed, 2 May 2012 00:00:00 -0400 64765 May 7, 2012. The Trustees have published their findings following a review of the efficiency and effectiveness of the IFRS Interpretations Committee. Their recommendations enable the Committee to deal with a wider range of requests and to provide helpful guidance.

]]> Thu, 3 May 2012 00:00:00 -0400 64775 May 7, 2012. The IASB has issued an Exposure Draft proposing amendments to 11 IFRSs resulting from its annual improvements project. The comment deadline is September 5, 2012.

]]> Mon, 7 May 2012 00:00:00 -0400 64818 May 14, 2012. The Trustees of the IFRS Foundation have published for comment an updated version of their Due Process Handbook that includes enhancements to further improve the due process the IASB and the Interpretations Committee must follow when developing new IFRSs or interpretations. The comment deadline is September 5, 2012.

]]> Fri, 11 May 2012 00:00:00 -0400 65136 May 14, 2012. An executive summary of discussions and decisions with respect to the topics addressed at this meeting.

]]> Mon, 14 May 2012 00:00:00 -0400 65163 May 18, 2012. An executive summary of discussions and decisions with respect to the topics addressed at this meeting.

]]> Wed, 16 May 2012 00:00:00 -0400 65238 May 23, 2012. This publication provides guidance on reporting issues that may arise during the current period of change to new auditing and accounting standards.

]]> Wed, 16 May 2012 00:00:00 -0400 65248 May 22, 2012. The next meeting of the IFRS Discussion Group will be held in Toronto on July 19, 2012. Individuals are encouraged to submit issues relating to the application of IFRSs in Canada by June 1, 2012.

]]> Tue, 22 May 2012 00:00:00 -0400 65307 May 23, 2012. The IASB has issued a collection of amendments to IFRSs in response to six issues addressed. The amendments are effective for annual periods beginning on or after January 1, 2013.

]]> Wed, 23 May 2012 00:00:00 -0400 65323 May 25, 2012. A summary of topics for discussion.

]]> Thu, 24 May 2012 00:00:00 -0400 65401 May 25, 2012. A summary of topics for discussion.

]]> Thu, 24 May 2012 12:15:00 -0400 65405 Fri, 25 May 2012 00:00:00 -0400 65432 June 4, 2012. Read the report for details about the Group’s discussions in April 2012. Listen to the audio recordings to hear the Group’s full discussion.

]]> Mon, 28 May 2012 00:00:00 -0400 65524 June 11, 2012. The XFI version will be withdrawn from the Handbook in the near future.

]]> Fri, 1 Jun 2012 00:00:00 -0400 65607 June 4, 2012. The IFRS Interpretations Committee has issued proposed guidance that clarifies when the liability to pay a levy is recognized. Canadian stakeholders are encouraged to submit their comments to the IASB by September 5, 2012.

]]> Fri, 1 Jun 2012 00:00:00 -0400 65619 June 4, 2012. The IFRS Interpretations Committee has issued proposed guidance that clarifies how to subsequently measure the financial liability when a parent entity is obliged to purchase the shares of its subsidiary for cash or for another financial asset. Canadian stakeholders are encouraged to submit their comments to the IASB by October 1, 2012.

]]> Fri, 1 Jun 2012 00:00:00 -0400 65621 June 12, 2012. The Auditing and Assurance Standards Oversight Council will review the activities of the AASB and other related standard setters.

]]> Fri, 8 Jun 2012 00:00:00 -0400 65805 June 12, 2012. The AcSB is currently seeking a new member, with preference for an individual from a mid-tier accounting and advisory firm.

]]> Mon, 11 Jun 2012 00:00:00 -0400 65865 June 19, 2012. 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 September 5, 2012.

]]> Tue, 19 Jun 2012 01:00:00 -0400 66050 June 19, 2012. An executive summary of discussions and decisions with respect to the topics addressed at this meeting.

]]> Fri, 15 Jun 2012 00:00:00 -0400 66056 June 18, 2012. The Trustees of the IFRS Foundation are seeking six new members, with preference for individuals from emerging markets, the investor community and the academic community. Canadian stakeholders are encouraged to submit their applications to the IASB by July 15, 2012.

]]> Fri, 15 Jun 2012 00:00:00 -0400 66076 June 19, 2012. An executive summary of discussions and decisions with respect to the topics addressed at this meeting.

]]> Tue, 19 Jun 2012 12:30:00 -0400 66086 June 20, 2012. A summary of topics for discussion.

]]> Wed, 20 Jun 2012 00:00:00 -0400 66102 June 28, 2012. A summary of topics for discussion.

]]> Fri, 22 Jun 2012 00:00:00 -0400 66177 June 25, 2012. The June issue includes the message from the Director and articles on other topics of interest to stakeholders.

]]> Mon, 25 Jun 2012 00:00:00 -0400 66198 June 29, 2012. The IASB has issued amendments to IFRS 10, IFRS 11 and IFRS 12. The amendments clarify the transition guidance and are effective for annual periods beginning on or after January 1, 2013.

]]> Fri, 29 Jun 2012 00:00:00 -0400 66274 July 9, 2012. PSAB is seeking individuals interested in joining a task force to develop a standard addressing accounting and financial reporting issues facing public sector entities reporting impairment of non-financial assets.

]]> Thu, 5 Jul 2012 00:00:00 -0400 66336 July 10, 2012. The AcSB has issued a draft Interpretation that corresponds to the IFRS Interpretations Committee’s draft Interpretation on this topic. Canadian stakeholders are encouraged to submit their comments, on the form provided, by October 1, 2012.

]]> Tue, 10 Jul 2012 00:00:00 -0400 66367 July 10, 2012. The AcSB has issued a draft Interpretation that corresponds to the IFRS Interpretations Committee’s draft Interpretation on this topic. Canadian stakeholders are encouraged to submit their comments, on the form provided, by September 5, 2012.

]]> Tue, 10 Jul 2012 12:28:00 -0400 66385 July 10, 2012. An agenda covering the topics for discussion is now available. Get more information on the Group, including how to attend meetings in person.

]]> Tue, 10 Jul 2012 12:30:00 -0400 66389 July 17, 2012. An executive summary of discussions and decisions with respect to the topics addressed at this meeting.

]]> Wed, 11 Jul 2012 00:00:00 -0400 66456 July 18, 2012. An executive summary of discussions and decisions with respect to the topics addressed at this meeting.

]]> Mon, 16 Jul 2012 00:00:00 -0400 66500 August 9, 2012.  This document summarizes the process followed in developing this standard and the conclusions reached by the AASB regarding significant comments received in response to its Exposure Draft.

]]> Thu, 9 Aug 2012 00:00:00 -0400 66523 July 20, 2012. An executive summary of discussions and decisions with respect to the topics addressed at this meeting.

]]> Fri, 20 Jul 2012 00:00:00 -0400 66564 July 31, 2012. At a public meeting in Vancouver, the Accounting Standards Oversight Council discussed the performance of the AcSB and PSAB and their recent activities.

]]> Wed, 18 Jul 2012 00:00:00 -0400 66574 July 19, 2012. IPSASB has issued a Consultation Paper on the possible accounting treatment for public sector combinations such as an acquisition and an amalgamation. Canadian stakeholders are encouraged to provide their views to IPSASB. Comments are requested by October 31, 2012.

]]> Wed, 18 Jul 2012 00:00:00 -0400 66575 July 24, 2012. Minutes of the subject meeting are now available.

]]> Thu, 19 Jul 2012 00:00:00 -0400 66578 July 20, 2012. The IASB has issued a Request for Information to seek input on the effect of implementing IFRS 8 and whether the standard is functioning as intended. Canadian stakeholders are encouraged to submit their comments to the IASB by November 16, 2012.

]]> Thu, 19 Jul 2012 00:00:00 -0400 66592 July 25, 2012. The AcSB staff summarizes recent international developments relating to rate-regulated activities.

]]> Wed, 25 Jul 2012 00:00:00 -0400 66596 July 27, 2012. Listen to the audio webcasts of the topics discussed. Read the Observer Summary to help you follow the Group’s discussion.

]]> Fri, 27 Jul 2012 00:00:00 -0400 66655 July 31, 2012. These meeting notes are a summary of discussions held.

]]> Mon, 30 Jul 2012 00:00:00 -0400 66728 July 31, 2012. The AASB urges Canadian stakeholders to provide input to the IAASB's Invitation to Comment. Comments to the AASB are requested by August 31, 2012.

]]> Tue, 24 Jul 2012 00:00:00 -0400 66732 July 27, 2012. A summary of topics for discussion.

]]> Thu, 26 Jul 2012 00:00:00 -0400 66782 July 27, 2012. The IASB is seeking members, with preference for individuals who have a good knowledge of and experience in financial reporting and relevant practical experience in conducting fieldwork/assessing the effects of financial reporting requirements. Canadian stakeholders are encouraged to submit their applications to the IASB by September 14, 2012.

]]> Fri, 27 Jul 2012 12:10:00 -0400 66789 July 27, 2012. The Trustees of the IFRS Foundation have published proposed changes to the Constitution to reflect the separation of the role of Chairman of the IASB and Chief Executive Officer of the IFRS Foundation. Canadian stakeholders are encouraged to submit their comments to the IFRS Foundation by October 23, 2012.

]]> Fri, 27 Jul 2012 12:20:00 -0400 66791 August 1, 2012. AcSOC is seeking an exceptional individual to serve as the Chair of the Accounting Standards Board.

]]> Tue, 31 Jul 2012 00:00:00 -0400 66848 August 7, 2012.  The AcSB has issued an Exposure Draft proposing amendments that create a higher threshold for a disposal to be classified as a discontinued operation compared to existing Section 3475, Disposal of Long-lived Assets and Discontinued Operations. Stakeholders are encouraged to submit their comments, on the form provided, by October 31, 2012.

]]> Tue, 7 Aug 2012 00:00:00 -0400 67000 August 9, 2012. The AcSB has issued an Invitation to Comment on the IASB’s post-implementation review of IFRS 8. Canadian stakeholders are encouraged to submit their comments to the IASB by November 16, 2012.

]]> Wed, 8 Aug 2012 00:00:00 -0400 67063 August 15, 2012. The AASB has issued an Exposure Draft that proposes a new standard dealing with the auditor’s responsibilities in responding to requests to consent to the use of a report of the auditor. Stakeholders are encouraged to submit their comments, on the form provided, by September 21, 2012.

]]> Wed, 15 Aug 2012 00:00:00 -0400 67142 August 15, 2012. Attend this webinar to have your say on the potentially dramatic changes facing auditor's reports in Canada. The webinar takes place on September 4, 2012 at 12:30pm EST. Please note that this webinar will be taking place live in English only.

]]> Wed, 15 Aug 2012 00:00:00 -0400 67164 August 15, 2012. PSAB has issued an Exposure Draft that proposes amendments to Section PS 3450, Financial Instruments, to align the reporting of income on externally restricted assets that are financial instruments with Section PS 3100, Restricted Assets and Revenues. Stakeholders are encouraged to submit their comments, on the form provided, by October 16, 2012.

]]> Wed, 15 Aug 2012 00:00:00 -0400 67173 August 16, 2012. Attend or call in to participate in this roundtable discussion in Toronto, on September 13, 2012, to share your views on the effects of IFRS 8 and whether the standard is functioning as intended.

]]> Wed, 15 Aug 2012 00:00:00 -0400 67183 August 16, 2012. The next meeting of the IFRS Discussion Group will be held in Vancouver on October 18, 2012. Individuals are encouraged to submit issues relating to the application of IFRSs in Canada by September 5, 2012.

]]> Thu, 16 Aug 2012 00:00:00 -0400 67187 August 20, 2012. A summary of topics for discussion.

]]> Mon, 20 Aug 2012 00:00:00 -0400 67195 August 17, 2012. The 2011-2012 report includes information on the performances and activities of the AcSB and PSAB, as well as a message from the recently retired Chair, Denis Desautels.

]]> Fri, 17 Aug 2012 00:00:00 -0400 67200 August 20, 2012. The August issue includes the message from the Director and articles on other topics of interest to stakeholders.

]]> Mon, 20 Aug 2012 00:12:15 -0400 67221 August 23, 2012. A summary of topics for discussion.

]]> Wed, 22 Aug 2012 00:00:00 -0400 67279 August 29, 2012, An executive summary of discussions and decisions with respect to the topics addressed at this meeting.

]]> Thu, 23 Aug 2012 00:00:00 -0400 67286 August 23, 2012 The August issue of this enewsletter includes a message from the Chair and articles on topics of interest to public sector stakeholders.

]]> Thu, 23 Aug 2012 00:00:00 -0400 67292 August 29, 2012. The 2011-2012 report includes information on the activities of the AcSB, as well as a message from the Chair, Gord Fowler.

]]> Mon, 27 Aug 2012 00:00:00 -0400 67436 September 5, 2012. This document summarizes the process followed in developing this standard and the conclusions reached by the AASB regarding significant comments received in response to its Exposure Draft.

]]> Wed, 5 Sep 2012 00:00:00 -0400 67499 September 6, 2012. This document summarizes the process followed and the conclusions reached by the AASB regarding significant comments received in response to its Exposure Drafts.

]]> Thu, 6 Sep 2012 00:00:00 -0400 67510 August 30, 2012. A summary of topics for discussion.

]]> Wed, 29 Aug 2012 00:00:00 -0400 67516 September 20, 2012. Read this Overview of the Enhancing Audit Quality: Canadian Perspectives initiative, a consultation process led by CPAB and CICA. Stakeholder input will be sought on key issues emerging with respect to enhancing audit quality globally and the impact on Canada.

]]> Thu, 20 Sep 2012 00:00:00 -0400 67576 October 5, 2012. This Discussion Paper was prepared by the Enhancing Audit Quality: Canadian Perspectives initiative’s Auditor Reporting Working Group in response to proposals to enhance auditor reporting. Comments are requested by October 12, 2012.

]]> Fri, 5 Oct 2012 00:00:00 -0400 67578 September 14, 2012. Attend this annual conference to get up-to-date and extensive reviews of the most critical current and emerging issues facing publicly-traded and privately-held corporations in Canada. AcSB Chair, Gord Fowler, will be speaking on the Board’s recent activities.

]]> Fri, 14 Sep 2012 00:00:00 -0400 67618 September 7, 2012. The AASB reports on its activities and accomplishments, including CAS implementation guidance and other transition matters.

]]> Fri, 7 Sep 2012 00:00:00 -0400 67627 September 11, 2012. This new enewsletter from the staff of the AASB brings you all the latest “buzz” on activities and goings-on in the world of Canadian auditing and assurance standard setting.

]]> Tue, 11 Sep 2012 00:00:00 -0400 67746 September 12, 2012. The IASB has issued a draft of the forthcoming general hedge accounting requirements to be added to IFRS 9 Financial Instruments. The requirements will align hedge accounting more closely with risk management. The draft is being made available for information purposes to enable stakeholders to familiarize themselves with the document.

]]> Wed, 12 Sep 2012 00:00:00 -0400 67766 September 17, 2012. An executive summary of discussions and decisions with respect to the topics addressed at this meeting.

]]> Mon, 17 Sep 2012 00:00:00 -0400 67811 September 18, 2012. PSAB has issued an Exposure Draft that proposes a new Handbook Section dealing with related party transactions. Stakeholders are encouraged to submit their comments, on the form provided, by November 21, 2012.

]]> Tue, 18 Sep 2012 00:00:00 -0400 67845 September 18, 2012. The AcSB has extended the existing deferral of the mandatory IFRS changeover date for entities with qualifying rate-regulated activities by an additional year to January 1, 2014.

]]> Tue, 18 Sep 2012 00:00:00 -0400 68145 September 18, 2012. A summary of topics for discussion.

]]> Tue, 18 Sep 2012 00:00:00 -0400 68149 September 19, 2012. An executive summary of discussions and decisions with respect to the topics addressed at this meeting.

]]> Wed, 19 Sep 2012 00:00:00 -0400 68157 September 20, 2012. Call in to participate in this conference call discussion on October 16, 2012, to share your views on the proposed amendments to Section 3475.

]]> Thu, 20 Sep 2012 00:00:00 -0400 68169 September 25, 2012. PSAB has issued an Exposure Draft that proposes standards for deciding when and how appropriations should be reported. Stakeholders are encouraged to submit their comments, on the form provided, by November 28, 2012.

]]> Thu, 20 Sep 2012 00:00:00 -0400 68193 October 3, 2012.  This document sets out how PSAB reached its conclusions. As well, it sets out significant matters arising from comments received in response to its Exposure Draft and indicates how the Board dealt with the issues raised.

]]> Wed, 3 Oct 2012 00:00:00 -0400 68214 September 25, 2012. Read the report for details about the Group’s discussions in July 2012. Listen to the audio recordings to hear the Group’s full discussion.

]]> Mon, 24 Sep 2012 00:00:00 -0400 68226 October 1, 2012. An agenda covering the topics for discussion is now available. Get more information about the meeting to be held in Vancouver, including how to attend in person.

]]> Mon, 1 Oct 2012 00:00:00 -0400 68284 October 1, 2012. A summary of topics for discussion.

]]> Mon, 1 Oct 2012 00:00:00 -0400 68387 October 2, 2012. An executive summary of discussions and decisions with respect to the topics addressed at this meeting.

]]> Tue, 2 Oct 2012 00:00:00 -0400 68391 October 1, 2012. The IASB has announced that the proposals for insurance contracts accounting will be re-exposed. Feedback will be sought only on a limited range of questions. Although the deliberations are not complete, the IASB believes re-exposure is warranted given the changes made and the importance of understanding the operationally of the proposals.

]]> Mon, 1 Oct 2012 00:00:00 -0400 68400 October 2, 2012. An executive summary of discussions and decisions with respect to the topics addressed at this meeting.

]]> Mon, 1 Oct 2012 00:00:00 -0400 68409 October 4, 2012. A summary of topics for discussion.

]]> Mon, 1 Oct 2012 00:00:00 -0400 68416 October 3, 2012. The 2011-2012 report includes information on the activities of PSAB, as well as a message from the recently retired Chair, Nigel Bellchamber.

]]> Wed, 3 Oct 2012 00:00:00 -0400 68426 October 9, 2012. The AcSB has submitted a comment letter responding to the IFRS Interpretations Committee's Draft Interpretation.

]]> Thu, 4 Oct 2012 00:00:00 -0400 68503 October 9, 2012. The AcSB has submitted a comment letter responding to the IASB’s Exposure Draft.

]]> Thu, 4 Oct 2012 00:00:00 -0400 68504 October 9, 2012. The AcSB has submitted a comment letter responding to the IFRS Foundation Trustees’ Invitation to Comment.

]]> Thu, 4 Oct 2012 00:00:00 -0400 68505 October 9, 2012. AcSOC has submitted a response to the IFRS Foundation that emphasizes the considerable reliance that the Council, in addition to the AcSB, places on the rigour of the IASB and the Trustees’ oversight of their due process.  The letter endorses the enhancements the AcSB proposed in its response.

]]> Thu, 4 Oct 2012 00:00:00 -0400 68511 October 10, 2012. This document sets out how the AcSB reached its conclusions. As well, it sets out significant matters arising from comments received in response to its Exposure Draft and indicates how the Board dealt with the issues raised.

]]> Wed, 10 Oct 2012 00:00:00 -0400 68516 October 11, 2012. PSAB’s Conceptual Framework Task Force has issued Consultation Paper 2 that proposes an objective and primary audience for financial reporting, the accountabilities to be reported on in financial statements, and alternative reporting models to demonstrate them. Stakeholders are encouraged to submit comments, on the form provided, by January 31, 2013.

]]> Thu, 11 Oct 2012 00:00:00 -0400 68521 October 10, 2012. The AcSB has submitted a comment letter responding to the IFRS Interpretations Committee's Draft Interpretation.

]]> Wed, 10 Oct 2012 00:00:00 -0400 68583 October 11, 2012. A summary of topics for discussion.

]]> Thu, 11 Oct 2012 00:00:00 -0400 68593 October 10, 2012. The October issue includes the message from the Director and articles on other topics of interest to stakeholders.

]]> Wed, 10 Oct 2012 01:00:00 -0400 68600 October 15, 2012. These meeting notes are a summary of discussions held.

]]> Mon, 15 Oct 2012 00:00:00 -0400 68693 October 16, 2012, An executive summary of discussions and decisions with respect to the topics addressed at this meeting.

]]> Tue, 16 Oct 2012 00:00:00 -0400 68730 October 17, 2012. The Auditing and Assurance Standards Oversight Council will review the activities of the AASB and other related standard setters.

]]> Wed, 17 Oct 2012 00:00:00 -0400 68736 October 18, 2012. A summary of topics for discussion.

]]> Thu, 18 Oct 2012 00:00:00 -0400 68753 October 18, 2012. Ms. Sheila Fraser was appointed as a Trustee of the IFRS Foundation, for a three-year term commencing January 1, 2013. A former Auditor General of Canada and PSAB Chair, Ms Fraser is currently a member of the IPSASB.

]]> Thu, 18 Oct 2012 00:00:00 -0400 68767 October 23, 2012. PSAB’s Conceptual Framework Task Force is in the process of reviewing the concepts underlying financial performance in the conceptual framework set out in the PSA Handbook.  Watch this webcast for a review of Consultation Paper 2, how the paper’s conclusions were reached, and the next steps.

]]> Tue, 23 Oct 2012 00:00:00 -0400 68786 October 22, 2012. When does a newly issued or amended IFRS become effective in Canada? Read this AcSB staff commentary for answers to this sometimes complex question.

]]> Mon, 22 Oct 2012 00:00:00 -0400 68830 October 25, 2012. An executive summary of discussions and decisions with respect to the topics addressed at this meeting.

]]> Tue, 23 Oct 2012 00:00:00 -0400 68978 October 24, 2012. IPSASB has issued a Consultation Paper identifying existing differences between IPSASs and GFS reporting guidelines and ways to reduce these differences. Canadian stakeholders are encouraged to provide their views to IPSASB. Comments are requested by March 31, 2013.

]]> Wed, 24 Oct 2012 00:00:00 -0400 68988 October 25, 2012. The IASB has decided to restart its Rate-regulated Activities project and will seek input from its IFRS Advisory Council on the need for interim guidance.

]]> Thu, 25 Oct 2012 00:00:00 -0400 69039 October 25, 2012. The IFRS Foundation Trustees has published a staff analysis of the U.S. SEC Final Staff Report on IFRS. The report acknowledges the challenges and shows that there are no insurmountable obstacles to adopting IFRSs. It also provides academic research and the experiences of other jurisdictions that have adopted IFRSs.

]]> Wed, 24 Oct 2012 00:00:00 -0400 69044 October 29, 2012 The October issue of this enewsletter includes a message from the Chair and an article on PSAB staff plans to propose clarification on first-time adoption of public sector accounting standards.

]]> Mon, 29 Oct 2012 00:00:00 -0400 69137 October 29, 2012.  Listen to the audio webcasts of the topics discussed.  Read the Observer Summary to help you follow the Group’s discussion.

]]> Mon, 29 Oct 2012 00:00:00 -0400 69248 October 29, 2012. The AcSB has submitted a comment letter responding to the IFRS Foundation’s Constitution Drafting Review.

]]> Mon, 29 Oct 2012 12:30:00 -0400 69268 November 6, 2012. Are you a loan officer? If so, take this survey to provide your views on compiled financial statements, accompanied by a Notice to Reader, and their significance in making lending decisions for SMEs.

]]> Tue, 6 Nov 2012 00:00:00 -0500 69337 November 2, 2012. The IASB has issued Investment Entities (amendments to IFRS 10, IFRS 12 and IAS 27). The amendments require qualifying investment entities to measure particular subsidiaries at fair value through profit or loss, rather than consolidate them. The amendments are effective for annual periods beginning on or after January 1, 2014.

]]> Fri, 2 Nov 2012 00:00:00 -0400 69423 November 5, 2012. The next meeting of the IFRS Discussion Group will be held in Toronto on January 11, 2013. Individuals are encouraged to submit issues relating to the application of IFRSs in Canada by November 14, 2012.

]]> Mon, 5 Nov 2012 00:00:00 -0500 69425 November 6, 2012. The IFRS Foundation has published for comment proposals to create a new advisory group to provide technical advice and feedback to the IASB. Canadian stakeholders are encouraged to submit their comments to the IFRS Foundation by December 17, 2012.

]]> Tue, 6 Nov 2012 00:00:00 -0500 69435 November 8, 2012. This Discussion Paper was prepared by the Enhancing Audit Quality: Canadian Perspectives initiative’s Independence Working Group in response to proposals to modify auditor independence rules to enhance audit quality. Comments were originally requested by November 16, 2012, but are now welcome until end of month.

]]> Wed, 7 Nov 2012 00:00:00 -0500 69451 November 14, 2012. This document sets out how the AcSB reached its conclusions. As well, it sets out significant matters arising from comments received in response to its Exposure Draft and indicates how the Board dealt with the issues raised.

]]> Tue, 13 Nov 2012 00:00:00 -0500 69760 November 14, 2012. Minutes of the subject meeting are now available.

]]> Wed, 14 Nov 2012 00:00:00 -0500 69782 November 16, 2012. IPSASB has issued a Conceptual Framework Exposure Draft that proposes definitions of eight elements in financial statements and criteria for when an item meeting those definitions should be recognized. Canadian stakeholders are encouraged to provide their views to IPSASB. Comments are requested by April 30, 2013.

]]> Fri, 16 Nov 2012 00:00:00 -0500 69784 November 16, 2012. IPSASB has issued a Conceptual Framework Exposure Draft that identifies the measurement concepts that should guide IPSASB in the selection of measurement bases for IPSASs. Canadian stakeholders are encouraged to provide their views to IPSASB. Comments are requested by April 30, 2013.

]]> Fri, 16 Nov 2012 00:00:00 -0500 69788 November 16, 2012, An executive summary of discussions and decisions with respect to the topics addressed at this meeting.

]]> Thu, 15 Nov 2012 00:00:00 -0500 69795 November 21, 2012. A summary of topics for discussion.

]]> Wed, 21 Nov 2012 00:00:00 -0500 69834 November 22, 2012. The IASB has issued an Exposure Draft proposing amendments to four IFRSs resulting from its annual improvements project. The comment deadline is February 18, 2013.  

]]> Thu, 22 Nov 2012 00:00:00 -0500 69939 November 27, 2012. A summary of topics for discussion.

]]> Tue, 27 Nov 2012 00:00:00 -0500 69979 November 27, 2012. AcSOC is currently seeking a new member to appoint to the Accounting Standards Board.

]]> Tue, 27 Nov 2012 12:15:00 -0500 69985 November 28, 2012. The AcSB has submitted a comment letter responding to the IASB’s Request for Information.

]]> Wed, 28 Nov 2012 00:00:00 -0500 69995 November 28, 2012. The IASB has issued an Exposure Draft proposing amendments to IAS 28 Investments in Associates and Joint Ventures. The comment deadline is March 22, 2013.

]]> Wed, 28 Nov 2012 00:00:00 -0500 70081 November 28, 2012. The AcSB’s User Advisory Council has submitted a response to the IASB stating that segmented information is critical to users. The letter acknowledges that segments identified in financial statements are often too broad to enable users to evaluate the nature and financial effects of business activities engaged by the entity.

]]> Wed, 28 Nov 2012 00:00:00 -0500 70083 November 27, 2012. A summary of topics for discussion.

]]> Tue, 27 Nov 2012 00:00:00 -0500 70086 November 29, 2012.  The AcSB is currently seeking new members, with preference for preparers and individuals who are from a mid-tier accounting and advisory firm.

]]> Thu, 29 Nov 2012 00:00:00 -0500 70092 November 29, 2012. This issue of the Auditing and Assurance Bulletin highlights key aspects of a new standard, Section 7150, which deals with an auditor’s consent to the use of a report of the auditor included in an offering document.

]]> Thu, 29 Nov 2012 00:00:00 -0500 70128 December 6, 2012.  Listen to this webcast to learn about how first-adoption of IFRSs went, speedbumps encountered and current IFRS reporting issues the AcSB is discussing. Also get an outline of new IFRSs that become effective in 2013 and later.

]]> Thu, 6 Dec 2012 00:00:00 -0500 70181 December 13, 2012.  Listen to this webcast to learn about the changes being developed to amend Part II, including the role the Private Enterprises Advisory Committee plays.  Also get an outline of the choices available to NFPOs and GNFPOs in 2012, and future amendments being developed.

]]> Thu, 13 Dec 2012 00:00:00 -0500 70184 December 3, 2012. The IASB has issued an Exposure Draft proposing amendments to IFRS 9 Financial Instruments. The comment deadline is March 28, 2013.

]]> Mon, 3 Dec 2012 00:00:00 -0500 70196 December 6, 2012. AcSOC is currently seeking a new member to appoint to the Public Sector Accounting Board.

]]> Thu, 6 Dec 2012 00:00:00 -0500 70318 December 6, 2012. The IASB has issued an Exposure Draft proposing amendments to IAS 16 Property, Plant and Equipment and IAS 38 Intangible Assets. Canadian stakeholders are encouraged to submit their comments to the IASB by April 2, 2013.

]]> Thu, 6 Dec 2012 12:15:00 -0500 70343 December 10, 2012. The AcSB proposes to amend the Preface to the CICA Handbook – Accounting and the Introduction to Part I to clarify the authority for financial reporting requirements in Canada. Stakeholders are encouraged to submit their comments, on the form provided, by February 28, 2013.

]]> Mon, 10 Dec 2012 00:00:00 -0500 70390 December 10, 2012.  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 March 22, 2013.

]]> Mon, 10 Dec 2012 00:00:00 -0500 70394 December 12, 2012. An agenda covering the topics for discussion is now available. Get more information about the meeting to be held in Toronto, including how to attend in person.

]]> Wed, 12 Dec 2012 00:00:00 -0500 70398 December 13, 2012. An executive summary of discussions and decisions with respect to the topics addressed at this meeting.

]]> Thu, 13 Dec 2012 00:00:00 -0500 70405 December 19, 2012 Read the report for details about the Group’s discussions in October 2012. Listen to the audio recordings to hear the Group’s full discussion.

]]> Wed, 19 Dec 2012 00:00:00 -0500 70435 December 12, 2012. 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 February 18, 2013.  

]]> Tue, 11 Dec 2012 00:00:00 -0500 70441 December 13, 2012. A summary of topics for discussion.

]]> Thu, 13 Dec 2012 00:00:00 -0500 70447 December 17, 2012. At a public meeting in Toronto, AcSOC discussed domestic and international financial reporting activities.

]]> Mon, 17 Dec 2012 00:00:00 -0500 70452 December 18, 2012. The AASB has issued an Invitation to Comment on its Draft Strategic Plan 2013-2016. Stakeholders are encouraged to submit their comments by January 18, 2013.

]]> Tue, 18 Dec 2012 00:00:00 -0500 71014 January 11, 2013. Are you a board member, management, or auditor that issues documents that contain or accompany audited financial statements? Register to attend a roundtable discussion in Calgary, Halifax, Montreal, Toronto or Vancouver to share your views on potentially significant changes to the scope and auditor’s responsibilities under proposed ISA 720 (Revised).

]]> Fri, 11 Jan 2013 00:00:00 -0500 71193 January 10, 2013. Listen to this webcast for an update on the recent amendments to Part II of the Handbook. These amendments are effective for 2013 reporting, with earlier application permitted.

]]> Thu, 10 Jan 2013 00:00:00 -0500 71207 December 17, 2012. The IASB has issued an Exposure Draft proposing amendments to IFRS 10 Consolidated Financial Statements and IAS 28 Investments in Associates and Joint Ventures. Canadian stakeholders are encouraged to submit their comments to the IASB by April 23, 2013.

]]> Mon, 17 Dec 2012 00:00:00 -0500 71213 December 17, 2012. The IASB has issued an Exposure Draft proposing an amendment to IFRS 11 Joint Arrangements. Canadian stakeholders are encouraged to submit their comments to the IASB by April 23, 2013.

]]> Mon, 17 Dec 2012 00:00:00 -0500 71215 December 20, 2012. The AASB has issued an Exposure Draft that proposes to adopt, with appropriate amendments, ISA 720 (Revised) issued by the IAASB. Canadian stakeholders are encouraged to submit their comments by February 8, 2013.

]]> Thu, 20 Dec 2012 00:00:00 -0500 71356 December 20, 2012.  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.

]]> Thu, 20 Dec 2012 00:00:00 -0500 71373 January 3, 2013. The IASB has decided to develop an interim IFRS for use until it completes its comprehensive project.

]]> Thu, 3 Jan 2013 00:00:00 -0500 71410 January 3, 2013. Take 10 minutes to provide input to the IASB staff on what you perceive is the “disclosure problem” in advance of its forthcoming disclosure forum. Preparers, users and others interested in or affected by disclosures requirements can complete the survey up to January 15, 2013.

]]> Thu, 3 Jan 2013 00:00:00 -0500 71412 January 4, 2013. An executive summary of discussions and decisions with respect to the topics addressed at this meeting.

]]> Fri, 4 Jan 2013 00:00:00 -0500 71416 January 7, 2013. An executive summary of discussions and decisions with respect to the topics addressed at this meeting.

]]> Mon, 7 Jan 2013 00:00:00 -0500 71418 January 7, 2013. PSAB is currently seeking members for its new Public Sector Accounting Discussion Group.

]]> Mon, 7 Jan 2013 00:00:00 -0500 71424 January 4, 2013. The AcSB extends congratulations to its past Chair, Paul G. Cherry, OC, FCPA, FCA on his recent appointment as an Officer of the Order of Canada. This appointment is in recognition of Mr. Cherry's commitment to improving financial reporting, notably through his leadership in developing international accounting standards.

]]> Fri, 4 Jan 2013 00:12:15 -0500 71433 January 7, 2013. This edition of FYI summarizes the activities of the AcSB and staff that should be considered in financial statement preparation in the 2012 and 2013 fiscal years.

]]> Mon, 7 Jan 2013 00:00:00 -0500 71460 January 9, 2013. The AcSB has submitted a comment letter responding to the IFRS Foundation’s Invitation to Comment.

]]> Wed, 9 Jan 2013 00:00:00 -0500 71468 January 9, 2013. AcSOC has submitted a response to the IFRS Foundation Trustees that supports the Foundation in reconsidering the role of national and regional accounting standard-setting bodies. The letter agrees with the analysis in the Invitation to Comment and supports the proposals.

]]> Wed, 9 Jan 2013 00:00:00 -0500 71470 January 15, 2013. This Practice Note provides guidance on auditing financial instruments to supplement CAS 540.

]]> Tue, 15 Jan 2013 00:00:00 -0500 71522 January 2, 2013. Amendments to IFRS 10 Consolidated Financial Statements, IFRS 12 Disclosure of Interests in Other Entities and IAS 27 Separate Financial Statements have been incorporated into Part I of the CICA Handbook – Accounting. The amendments are effective for annual periods beginning on or after January 1, 2014. Earlier application is permitted.

]]> Wed, 2 Jan 2013 00:00:00 -0500 71525 January 17, 2013. The AcSB is currently seeking new members for this Committee.

]]> Thu, 17 Jan 2013 00:00:00 -0500 71562 January 18, 2013. PSAB has issued an Exposure Draft that proposes to clarify that Section PS 2125, First-time Adoption by Government Organizations, does not apply to new standards released after August 2010. Stakeholders are encouraged to submit their comments, on the form provided, by February 22, 2013.

]]> Fri, 18 Jan 2013 00:00:00 -0500 71581 January 18, 2012. This enewsletter from the staff of the AASB brings you all the latest “buzz” on activities and goings-on in the world of Canadian auditing and assurance standard setting.

]]> Fri, 18 Jan 2013 00:00:00 -0500 71620 January 22, 2013.  Listen to the audio webcasts of the topics discussed.  Read the Observers’ Summary to help you follow the Group’s discussion.

]]> Mon, 21 Jan 2013 00:00:00 -0500 71655 January 23, 2013, An executive summary of discussions and decisions with respect to the topics addressed at this meeting.

]]> Tue, 22 Jan 2013 00:00:00 -0500 71664 January 24, 2013. A summary of topics for discussion.

]]> Thu, 24 Jan 2013 00:00:00 -0500 71669 January 24, 2013. The AcSB is proposing a new standard be developed for reporting employee future benefits by NFPOs. Read this staff commentary for details on the new standard and what to do until it is finalized.

]]> Thu, 24 Jan 2013 00:00:00 -0500 71675 January 28, 2013. These meeting notes are a summary of discussions held.

]]> Mon, 28 Jan 2013 00:00:00 -0500 71774 January 25, 2013. The IASB has issued an Exposure Draft proposing an amendment to IAS 36 Impairment of Assets. Canadian stakeholders are encouraged to submit their comments to the IASB by March 19, 2013.

]]> Fri, 25 Jan 2013 00:00:00 -0500 71776 January 30, 2013. The AcSB is seeking examples of contractual arrangements commonly used by private enterprises that could provide an enterprise with control over another enterprise. Examples will be used to test proposed guidance. Submit your examples by February 25, 2013.

]]> Tue, 29 Jan 2013 00:00:00 -0500 71781 January 29, 2013. AcSOC has appointed Linda Mezon as the new AcSB Chair, effective July 1, 2013. Ms. Mezon is a former Board member and is serving as the Vice-Chair until this appointment becomes effective.

]]> Tue, 29 Jan 2013 00:00:00 -0500 71795 January 30, 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 23, 2013.

]]> Wed, 30 Jan 2013 00:00:00 -0500 71806 January 30, 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 23, 2013.

]]> Wed, 30 Jan 2013 00:00:00 -0500 71820 January 31, 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 March 19, 2013.

]]> Thu, 31 Jan 2013 00:00:00 -0500 71841 February 1, 2013. The IAASB has issued a Consultation Paper that describes the key elements of audit quality. Canadian stakeholders are encouraged to provide their comments to the IAASB by May 15, 2013.

]]> Fri, 1 Feb 2013 00:00:00 -0500 71906 January 31, 2013. AASOC is pleased to announce appointments to both the Council and the AASB.

]]> Thu, 31 Jan 2013 00:00:00 -0500 71916 February 1, 2013. A summary of topics for discussion.

]]> Fri, 1 Feb 2013 00:00:00 -0500 71920 January 31, 2013. The IASB is seeking nominations for a consultative group being established to assist with its recently reactivated project.

]]> Thu, 31 Jan 2013 00:00:00 -0500 71933 February 4, 2013. The February issue of this enewsletter includes a message from the Chair and articles on topics of interest to public sector stakeholders.

]]> Mon, 4 Feb 2013 00:00:00 -0500 71973 February 6, 2013. The IFRS Foundation is requesting national accounting standard setters and regional bodies associated with accounting standard setting to nominate candidates for membership of the Accounting Standards Advisory Forum. The Forum will establish a means of securing a more streamlined and effective dialogue between the IASB and the global accounting standard-setting community.  

]]> Wed, 6 Feb 2013 00:00:00 -0500 71987 February 7, 2013. A summary of topics for discussion.

]]> Thu, 7 Feb 2013 00:00:00 -0500 71989 February 6, 2013. This document summarizes the process followed in developing this standard and the conclusions reached by the AASB regarding significant comments received in response to its Exposure Draft.

]]> Wed, 6 Feb 2013 00:00:00 -0500 72004 February 6, 2013. PSAB has issued an Exposure Draft that proposes adding a definition of a government component and directing certain government partnerships to follow different accounting standards given their structure and nature of operations. Stakeholders are encouraged to submit their comments, on the form provided, by May 3, 2013.

]]> Wed, 6 Feb 2013 00:00:00 -0500 72011 Mon, 11 Feb 2013 00:00:00 -0500 72062 February 11, 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 March 28, 2013.

]]> Mon, 11 Feb 2013 00:00:00 -0500 72074 February 13, 2013. PSAB has issued a Statement of Principles that addresses the accounting and reporting of a wide range of restructuring activities among public sector entities. Stakeholders are encouraged to submit their comments, on the form provided, by May 17, 2013.

]]> Wed, 13 Feb 2013 00:00:00 -0500 72084 February 12, 2013. The Trustees of the IFRS Foundation are inviting applications to fill up to four vacancies on the IFRS Interpretations Committee. Applications should be sent directly to the IASB by March 8, 2013.  

]]> Tue, 12 Feb 2013 00:00:00 -0500 72127 February 21, 2013. The AASOC reports on its activities for the period ending August 31, 2012.

]]> Thu, 21 Feb 2013 00:00:00 -0500 72138 February 14, 2013. The AcSB has extended the existing deferral of the mandatory IFRS changeover date for entities with qualifying rate-regulated activities by an additional year to January 1, 2015.

]]> Thu, 14 Feb 2013 00:00:00 -0500 72182 February 15, 2013. The next meeting of the IFRS Discussion Group will be held in Toronto on April 11, 2013. Individuals are encouraged to submit issues relating to the application of IFRSs in Canada by February 28, 2013.

]]> Fri, 15 Feb 2013 00:00:00 -0500 72282 February 15, 2013. This edition includes the message from the Director and articles on other topics of interest to stakeholders.

]]> Fri, 15 Feb 2013 15:15:00 -0500 72339 Tue, 19 Feb 2013 00:00:00 -0500 72346 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.

]]> Tue, 19 Feb 2013 00:00:00 -0500 72349 Tue, 19 Feb 2013 00:00:00 -0500 72351 February 20, 2013. This Discussion Paper was prepared by the Enhancing Audit Quality: Canadian Perspectives initiative’s Role of the Audit Committee Working Group.  The paper considers ways in which audit committees can contribute to audit quality. Comments are requested by March 15, 2013.

]]> Wed, 20 Feb 2013 00:00:00 -0500 72533 Fri, 22 Feb 2013 00:00:00 -0500 72543 February 25, 2013. This commentary discusses the use of professional judgment in applying accounting standards in Parts II and III of the CICA Handbook – Accounting.

]]> Mon, 25 Feb 2013 00:00:00 -0500 72559 February 25, 2013. PSAB encourages the public to submit issues for possible consideration at the initial meeting of its Public Sector Accounting Discussion Group by May 17, 2013.

]]> Mon, 25 Feb 2013 00:00:00 -0500 72613 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.

]]> Fri, 22 Feb 2013 00:00:00 -0500 72615 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.

]]> Fri, 22 Feb 2013 00:00:00 -0500 72617 Tue, 26 Feb 2013 00:00:00 -0500 72748 March 1, 2013. The AcSB has submitted a comment letter responding to the IASB’s Exposure Draft on this topic.

]]> Fri, 1 Mar 2013 00:00:00 -0500 72978 March 5, 2013. A summary of topics for discussion.

]]> Tue, 5 Mar 2013 00:00:00 -0500 73074 Wed, 6 Mar 2013 00:00:00 -0500 73081 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.

]]> Tue, 5 Mar 2013 00:00:00 -0500 73117 audio recordings to hear the Group’s full discussion]]> Fri, 8 Mar 2013 00:00:00 -0500 73278 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.

]]> Mon, 11 Mar 2013 00:00:00 -0400 73323 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.

]]> Tue, 12 Mar 2013 00:00:00 -0400 73349 March13, 2013. The AASB’s strategic objectives and related activities for 2013-2016 are set out in its strategic plan.

]]> Wed, 13 Mar 2013 00:00:00 -0400 73364 March 15, 2013. The AcSB has issued an Exposure Draft proposing amendments that will affect private enterprises and not-for-profit organizations. Stakeholders are encouraged to submit their comments, on the form provided, by June 1, 2013.

]]> Fri, 15 Mar 2013 00:00:00 -0400 73372 March 27, 2013. PSAB has issued an Invitation to Comment on its Draft Strategic Plan 2013 – 2016.  Stakeholders are encouraged to submit their comments by May 17, 2013.

]]> Wed, 27 Mar 2013 00:00:00 -0400 73433 March 21, 2013. The AcSB has been named an inaugural member of the Accounting Standards Advisory Forum, which serves as a technical advisory body to the IASB. The Forum replaces multiple bilateral memorandums of understanding with various national and regional standards bodies.

]]> Thu, 21 Mar 2013 00:00:00 -0400 73510 Tue, 26 Mar 2013 00:00:00 -0400 73520 Mon, 25 Mar 2013 00:00:00 -0400 73523 March 22, 2013. AcSOC’s next meeting will be held in Toronto on June 20-21, 2013. Individuals and organizations are encouraged to submit relevant and important issues for discussion by May 17, 2013.

]]> Tue, 2 Apr 2013 00:00:00 -0400 73611 April 2, 2013. AcSOC is pleased to announce new appointments, reappointments and retirements to the Council, the AcSB and PSAB.

]]> Wed, 3 Apr 2013 00:00:00 -0400 73619 April 1, 2013. AASOC is pleased to announce appointments to both the Council and the AASB.

]]> Mon, 1 Apr 2013 00:00:00 -0400 73633 March 28, 2013. The AcSB has submitted a comment letter responding to the IASB’s Exposure Draft on this topic.

]]> Thu, 28 Mar 2013 00:00:00 -0400 73652 April 10, 2013. At a public meeting in Toronto, AcSOC discussed domestic and international financial reporting activities.

]]> Wed, 10 Apr 2013 00:00:00 -0400 73660 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.

]]> Wed, 27 Mar 2013 00:00:00 -0400 73674 Mon, 1 Apr 2013 00:00:00 -0400 73683 April 3, 2013. An executive summary of discussions and decisions with respect to the topics addressed at this meeting.

]]> Wed, 3 Apr 2013 00:00:00 -0400 73699 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.

]]> Tue, 2 Apr 2013 00:00:00 -0400 73704 April 9, 2013. The AcSB has submitted a comment letter responding to the IASB’s Exposure Draft on this topic.

]]> Tue, 9 Apr 2013 00:00:00 -0400 73708 April 8, 2013. This publication provides guidance on reporting issues that may arise during the current period of change to new auditing and accounting standards.

]]> Mon, 8 Apr 2013 00:00:00 -0400 73753 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.

]]> Wed, 10 Apr 2013 00:00:00 -0400 73757 April 10, 2013. The AcSB and PSAB have issued a Statement of Principles that proposes to improve the existing standards for financial reporting by NFPOs in their respective Handbooks.  Stakeholders are encouraged to submit their comments, on the form provided, by September 15, 2013.

]]> Wed, 10 Apr 2013 00:00:00 -0400 73786 April 17, 2013. The AcSB has submitted a comment letter responding to the IASB’s Exposure Draft on this topic.

]]> Wed, 17 Apr 2013 00:00:00 -0400 73885 April 18, 2013. An executive summary of discussions and decisions with respect to the topics addressed at this meeting.

]]> Thu, 18 Apr 2013 00:00:00 -0400 73900 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.

]]> Wed, 17 Apr 2013 00:00:00 -0400 73911 April 18, 2013. AASOC will review the activities of the AASB and other related standard setters.

]]> Thu, 18 Apr 2013 00:00:00 -0400 73919 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.

]]> Thu, 18 Apr 2013 00:00:00 -0400 73921 Fri, 19 Apr 2013 00:00:00 -0400 73965 Fri, 19 Apr 2013 00:00:00 -0400 73979 April 30, 2013. This edition includes the message from the Chair and articles on other topics of interest to stakeholders.

]]> Tue, 30 Apr 2013 12:45:00 -0400 74015 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.

]]> Fri, 26 Apr 2013 00:00:00 -0400 74021 April 26, 2013. IPSASB has issued a Conceptual Framework Exposure Draft that sets out the concepts applicable to the presentation of information in general purpose financial reports including general purpose financial statements. Canadian stakeholders are encouraged to provide their comments to IPSASB by August 15, 2013.

]]> Fri, 26 Apr 2013 00:00:00 -0400 74023 April 30, 2013. The AcSB has submitted a comment letter responding to the IASB’s Exposure Draft on this topic.

]]> Tue, 30 Apr 2013 00:00:00 -0400 74109 April 30, 2013. The AcSB has submitted a comment letter responding to the IASB’s Exposure Draft on this topic.

]]> Tue, 30 Apr 2013 12:15:00 -0400 74111 April 30, 2013. A summary of topics for discussion.

]]> Tue, 30 Apr 2013 12:30:00 -0400 74120 May 1, 2013.  The Annual Plan sets out the AcSB’s objectives and planned activities for publicly accountable enterprise, private enterprises and not-for-profit organizations, along with other initiatives to be undertaken in 2013-2014.

]]> Wed, 1 May 2013 00:00:00 -0400 74126 April 30, 2013. The April issue of this enewsletter includes a message from the Chair and articles on topics of interest to public sector stakeholders.

]]> Tue, 30 Apr 2013 00:00:00 -0400 74140 May 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.

]]> Wed, 1 May 2013 00:00:00 -0400 74148 May 6, 2013. The AcSB has submitted a comment letter responding to the IASB’s Exposure Draft.

]]> Mon, 6 May 2013 00:00:00 -0400 74158 May 6, 2013. The AcSB has submitted a comment letter responding to the IASB’s Exposure Draft.

]]> Mon, 6 May 2013 00:00:00 -0400 74160 May 7, 2013.  This document summarizes the process followed in developing this standard and the conclusions reached by the AASB regarding significant comments received in response to its Exposure Draft.

]]> Tue, 7 May 2013 00:00:00 -0400 74162 May 6, 2013. This document sets out how PSAB reached its conclusions. As well, it sets out significant matters arising from comments received in response to its Exposure Draft and indicates how the Board dealt with the issues raised.

]]> Mon, 6 May 2013 00:00:00 -0400 74166 Thu, 9 May 2013 00:00:00 -0400 74239 May 17, 2013. The Canadian financial reporting and assurance standards boards and oversight councils welcome the recent appointment of Glenn Rioux, MM, CPA, CA as the new Vice-President, Standards, at CPA Canada, effective June 1, 2013.

]]> Fri, 17 May 2013 00:00:00 -0400 74257 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.

]]> Tue, 14 May 2013 00:00:00 -0400 74261 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.

]]> Tue, 14 May 2013 00:00:00 -0400 74263 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.

]]> Fri, 17 May 2013 00:00:00 -0400 74274 May 14, 2013. A summary of topics for discussion.

]]> Tue, 14 May 2013 00:00:00 -0400 74289 May 17, 2013. This document sets out how the AcSB reached its conclusions. As well, it sets out significant matters arising from comments received in response to its Exposure Draft and indicates how the Board dealt with the issues raised.

]]> Fri, 17 May 2013 00:00:00 -0400 74296