 Roundtable Discussion: Users’ Views Needed on IASB and FASB Investment Entity Proposals
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. Transitional Guidance (Proposed amendments to IFRS 10)
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. Employee Future Benefits — Exposure Draft
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. Private Enterprise Questionnaire on Consolidations
January 24, 2012. This is a reminder that 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. Private Enterprise Advisory Committee — Meeting Notes
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. IFRS Discussion Group — January Meeting
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. AcSB January 11, 2012 Decision Summary
January 18, 2012. An executive summary of discussions and decisions with respect to the topics addressed at this meeting. 2011 Improvements to Accounting Standards for Private Enterprises
January 11, 2012. A Background Information and Basis for Conclusions document is now available. Investment Entities — Users’ Views
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. Investment Entities
January 6, 2012. The AcSB has submitted a comment letter responding to the IASB’s Exposure Draft. Government Loans (Proposed Amendments to IFRS 1)
January 6, 2012. The AcSB has submitted a comment letter responding to the IASB’s Exposure Draft. Notice of the IFRS Discussion Group Meeting
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. FYI Newsletter Special Edition 2011
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. Radio Interview: Accounting Standards for Private Enterprises
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. Investment Entities — IASB and FASB Roundtable
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. Transition Guidance (Proposed Amendments to IFRS 10)
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. Mandatory Effective Date of IFRS 9
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. Financial Instruments: Asset and Liability Offsetting — Disclosures
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. Financial Instruments: Asset and Liability Offsetting — Requirements
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. AcSB December 12, 2011 Decision Summary
December 19, 2011. An executive summary of discussions and decisions with respect to the topics addressed at this meeting. IASB Agenda Consultation 2011 — Users’ Views
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. IASB Agenda Consultation 2011
December 6, 2011. The AcSB has submitted a comment letter responding to the IASB’s Request for Views. Private Enterprise Questionnaire on Consolidations
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. AcSOC Seeking New AcSB Members
November 23, 2011. The Accounting Standards Oversight Council is currently seeking new members to appoint to the Accounting Standards Board. Mandatory Effective Date of IFRS 9
November 21, 2011. The AcSB has submitted a comment letter responding to the IASB’s Exposure Draft. AcSB November 8, 2011 Decision Summary
November 17, 2011. An executive summary of discussions and decisions with respect to the topics addressed at this meeting. Revenue from Contracts with Customers
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. National Standard Setters
November 17, 2011. A report on the September 12-13, 2011 meeting of the National Standard Setters can be accessed here. IASB Agenda Consultation 2011 — Online investor survey
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. Government Loans (Proposed amendments to IFRS 1)
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. Notice of the IFRS Discussion Group Meeting
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. Fair Value Measurement by Pension Plans — Amendments to Section 4600
November 1, 2011. A Background Information and Basis for Conclusions document is now available. Improvements to IFRSs
October 31, 2011. The AcSB has submitted a comment letter responding to the IASB’s Exposure Draft. IFRS Discussion Group — Report on September Meeting
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. Government Loans (Proposed amendments to IFRS 1)
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. Stripping Costs in the Production Phase of a Surface Mine
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. FYI Newsletter October 2011
October 20, 2011. The October issue includes the message from the Chair and articles on other topics of interest to stakeholders. Investment Entities
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. AcSB October 12, 2011 Decision Summary
October 20, 2011. An executive summary of discussions and decisions with respect to the topics addressed at this meeting. IASB Agenda Consultation 2011 — Discuss the Proposals with the IASB Vice-Chair
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. Investment Entities — Roundtable and Conference Call Discussions
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. Private Enterprise Advisory Committee — Meeting Notes
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. Canadians’ Feedback Critical to Future of Financial Reporting
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. AcSB Seeking New IFRS Discussion Group Members
October 7, 2011. The AcSB is seeking expressions of interest from individuals willing to volunteer on its IFRS Discussion Group. IFRS Discussion Group — September Meeting
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. IASB Agenda Consultation 2011 — Roundtable and Conference Call Discussions
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. IASB Agenda Consultation 2011 — Webinar
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. AcSB Annual Report 2010-2011
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. Notice of the IFRS Discussion Group Meeting
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. IASB Agenda Consultation 2011
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. AcSB September 7-8, 2011 Decision Summary
September 19, 2011. An executive summary of discussions and decisions with respect to the topics addressed at this meeting. Survey on Accounting for Intangible Assets Acquired in a Business Combination — for Users
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. Financial Reporting and Accounting Conference
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). Private Enterprise Advisory Committee — Meeting Notes
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. Archived News |
