News Listings

Are you a Canadian private enterprise, an advisor to one, or a user of private enterprises’ financial reports? Interested in the amendments to the accounting for retractable or mandatorily redeemable shares and other financial instruments? Watch an on-demand webinar on this topic, jointly presented with CPA Canada.

During a conference call, the AASB gave an update on its new Compilation Engagements standard. The Nominating and Governance Committee also briefed the Council on its recent activities. Read the full report for more information.

At its recent meeting, the Board discussed, reviewed, and made decisions on number of topics, including International Strategy, Government Not-for-Profit Strategy, and liability for contaminated sites. Read the summary for full details on what was discussed.

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.

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!

The IAASB issued an interim Consultation Paper, including the first part of draft guidance for practitioners applying ISAE 3000 (Revised), Assurance Engagements Other than Audits of Reviews of Historical Financial Information to EER assurance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.

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.

Are you a preparer, director, practitioner, investor or contributor who reports, oversees, assesses or uses performance measures? Watch the webinar to learn how you can help improve the quality of performance measures by leveraging this Framework.

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.

The Board discussed topics such as Agriculture, Financial Statement Concepts, Employee Future Benefits, Combinations and Financial Instruments – Hedging, among others.