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March 22, 2019

News

Now available! PSA Discussion Group Meeting Agenda – April 26, 2019

The agenda includes discussions on developer fees and contractual rights, cryptocurrencies, purchased intangibles, taxes levied for specific purposes, and PSAB’s 2nd consultation paper for a new international strategy. Register to attend in person or via livestream.

March 19, 2019

News

IFRS® Standards Project Summary – Responses to Exposure Draft, Improvements to IFRS 8 Operating Segments

IFRS Foundation staff have issued a Project Summary of the Exposure Draft, Improvements to IFRS 8 Operating Segments.
The Project Summary provides the IASB’s rationale for deciding not to proceed with the amendments proposed in the Exposure Draft.

March 19, 2019

News

IFRS® Foundation Project Summary – Discount Rates in IFRS Standards

IFRS Foundation staff have issued a Project Summary that provides an overview of research considered by the IASB from 2014 to 2017 on Discount Rates in IFRS Standards. Outputs of this project consist of research findings and a summary listing matters that the IASB staff will consider in the future when developing recommendations for the IASB on present value measurement requirements.

March 19, 2019

News

IFRS® Discussion Group – Request for Issues

The IFRS Discussion Group wants to hear about the challenges you face when applying IFRS Standards. Submit your issue by April 19, 2019, for consideration as a potential topic for discussion at our June 20, 2019 meeting in Toronto.

March 15, 2019

News

Reporting Performance Measures

The AcSB issued a revised Framework for managers, directors and users. Join this initiative to help improve the quality of financial and non-financial performance measures reported by leveraging the Framework.

March 15, 2019

Resource

One-page Summary – The Framework for Reporting Performance Measures

Read this summary for an overview of the type of guidance in the Framework and to learn why all parities in financial reporting need get involved!

March 15, 2019

Resource

Video – The Framework for Reporting Performance Measures

Watch this easy-to-understand video to learn why the AcSB developed the Framework and how it can help you! Join this initiative by taking steps to improve the quality of performance measures reported by for-profit and not-for-profit entities.

March 12, 2019

News

IAASB Consultation Paper – Extended External Reporting Assurance

The IAASB issued an interim Consultation Paper, including the first part of draft guidance for practitioners applying ISAE 3000 (Revised), Assurance Engagements Other than Audits of Reviews of Historical Financial Information to EER assurance engagements. This interim paper will assist the IAASB to develop guidance that they are working to publish in the second phase of this project. Stakeholders are encouraged to respond to the IAASB by July 21, 2019.

March 12, 2019

News

Quality Management at the Firm and Engagement Level, Including Engagement Quality Reviews

The IAASB issued three Exposure Drafts addressing quality management at the firm and engagement level, including engagement quality reviews, as well as an overall explanatory memorandum, FAQs and draft examples for proposed ISQM 1. Stakeholders are invited to comment by July 1, 2019. Visit the news page for full details.

March 12, 2019

News

IAASB Proposals – 2020-2023 Strategy and 2020-2021 Work Plan now out for comment

The IAASB released its Proposed Strategy for 2020-2023 and Work Plan for 2020-2021. The Work Plan highlights the IAASB’s commitment to completing significant projects currently underway, while balancing the needs of all stakeholders. Stakeholders are encouraged to respond to the IAASB by June 4, 2019.