Standards for Private Enterprises
Webinar – Redeemable Preferred Shares Issued in a Tax Planning Arrangement
October 17, 2014. Tune in to this webinar on November 20, 2014 (English) or November 25, 2014 (French) to learn about the AcSB’s proposed amendments to standards on redeemable preferred shares issued in a tax planning arrangement.
Request for Information – Post-Implementation Review: Section 3856, Financial Instruments
October 8, 2014. The AcSB has issued a Request for Information seeking feedback on whether Section 3856 is causing unexpected challenges and is meeting user needs. Stakeholders are encouraged to submit their comments, on the form provided, by February 9, 2015.
FYI Article – Joint Arrangements and Investments: Embrace the Changes
October 7, 2014. This article discusses the AcSB’s recently issued Section 3056, Joint Arrangements, and amendments to Section 3051, Investments.
Exposure Draft – Redeemable Preferred Shares Issued in a Tax Planning Arrangement
October 1, 2014. The AcSB has issued an Exposure Draft that proposes to delete Financial Instruments, paragraph 3856.23, and includes a Basis for Conclusions. Stakeholders are encouraged to submit their comments, on the form provided, by January 15, 2015.
Webinar – Stay Informed about Developments in ASPE: Fall 2014 Update
October 1, 2014. Tune in to this webinar on October 28, 2014 (French) or November 19, 2014 (English) to learn about the AcSB’s current activities with regards to ASPE.
Final Standard – Joint Arrangements
September 5, 2014. The AcSB has issued new Section 3056, Interests in Joint Arrangements and amendments to Section 3051, Investments. Section 3056 replaces Section 3055, Interests in Joint Ventures, and eliminates the free choice in accounting for joint arrangements. The new and amended Sections are effective for fiscal years beginning on or after January 1, 2016 with earlier application permitted.
Final Standard – Consolidations
September 5, 2014. The AcSB issued the new Section 1591, Subsidiaries, which replaces Section 1590, Subsidiaries, and AcG-15, Consolidation of Variable Interest Entities. Section 1591 includes additional guidance to judge when control is obtained through means other than equity interests. This standard is effective for fiscal years beginning on or after January 1, 2016 with earlier application permitted.
Private Enterprise Advisory Committee Notes – June 16, 2014
July 15, 2014. These meeting notes are a summary of discussions held.
CPA Magazine Standards Speak – One Size Doesn’t Fit All: The AcSB’s Strategy Holds True
June 5, 2014. In this month’s column, Linda F. Mezon, AcSB Chair, discusses the Board’s comprehensive review of the strategy it put in place to adopt separate accounting frameworks for various entities. Up next: the 2016-2021 strategic plan, which will soon require Canadians’ feedback.
AcSB Due Process Handbook
May 21, 2014. The documentation of the due process procedures followed by the AcSB has been updated.
Private Enterprise Advisory Committee Notes – April 3, 2014
April 15, 2014. These meeting notes are a summary of discussions held.
AcSB Strategic Initiative – Develop Next Strategic Plan
April 8, 2014. The strategic initiative will develop the AcSB’s next strategic plan. The AcSB will review experience with the current frameworks and seek input from stakeholders on how to better implement its strategies.