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Chartered Accountants of Canada Accounting Standards Board / Conseil des normes comptables

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AcSB News and Updates

 

Liabilities — Improving IAS 37 — Roundtable
March 12, 2010. Attend a roundtable discussion on Wednesday, March 31, 2010 to share your views on the IASB's proposed new standard.

IFRS Discussion Group — March Meeting
March 12, 2010.  An archive of the audio webcast of the IFRS Discussion Group’s (IDG) meeting on March 4, 2010 is now available.  For a detailed list of the topics discussed see the agenda.  

Pension Plans
March 3, 2010. AcSB staff has updated the project page to provide a summary of the main differences between the approved pension plans standards and existing Section 4100, and to provide information on a proposed scope expansion to be exposed for comment.

Accounting Standards for Not-for-Profit Organizations
March 3, 2010. The AcSB has issued an Exposure Draft proposing to retain the existing standards for not-for-profit organizations in the private sector as Part III of the CICA Handbook – Accounting. Comments are requested by July 15, 2010.

Liabilities — Improving IAS 37
February 22, 2010. The IASB has posted a working draft of a proposed IFRS to replace IAS 37 Provisions, Contingent Liabilities and Contingent Assets. The working draft includes the proposals issued in the IASB’s Exposure Draft, “Measurement of Liabilities in IAS 37.” The comment deadline is April 12, 2010.

Notice of the IFRS Discussion Group Meeting
February 22, 2010. A meeting of the IFRS Discussion Group will be held on Thursday, March 4, 2010 in Toronto. The meeting is open to public observation. An audio webcast of the meeting will also be available for those who are unable to attend the meeting in person.

AcSB February 10, 2010 Decision Summary
February 17, 2010. An executive summary of discussions and decisions with respect to the topics addressed at this meeting: Employee Future Benefits; Extractive Activities; Pensions Plans.

Comparative IFRS 7 Disclosures for First-time Adopters
January 29, 2010.  The IASB has issued an amendment to IFRS 1 providing the same relief on transition to IFRSs that those already applying IFRSs received on adopting IFRS 7 amendments issued in March 2009.

Liabilities — Improving IAS 37
January 27, 2010. The AcSB has issued an Exposure Draft proposing to adopt the new standard the IASB is developing on liabilities, including the proposals in the IASB’s Exposure Draft, “Measurement of Liabilities in IAS 37”. Comments are requested by April 12, 2010.

IFRSs Available
January 21, 2010. IFRSs are available in Part I of the CICA Handbook – Accounting. IFRSs will be mandatory for publicly accountable enterprises for years beginning on or after January 1, 2011.

IFRS Discussion Group — Report on Public Meeting  
January 20, 2010.  At its November meeting, the IFRS Discussion Group (IDG) 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.

AcSB January 13, 2010 Decision Summary
January 19, 2010. An executive summary of discussions and decisions with respect to the topics addressed at this meeting: Emerging Issues Committee; IASB Proposals; IFRS Discussion Group; Not-for-Profit Organizations; Pensions Plans; Planning and Strategy; Private Enterprise Financial Reporting; Extractive Industries.

AcSOC Survey of the AcSB's Performance
January 19, 2010. The AcSOC is seeking stakeholder views on the AcSB's performance regarding private enterprises. Completed Surveys are requested by February 5, 2010.

IFRS Discussion Group Meeting
January 12, 2010. The next meeting of the IFRS Discussion Group (IDG) will be held on March 4th, 2010 in Toronto.  Individuals are encouraged to submit issues relating to the application of IFRSs in Canada by February 1st for consideration at this meeting. For further information see Submission of Issues.

FYI Newsletter December 2009
January 11, 2010. The December issue includes the message from the Chair and articles on other topics of interest to stakeholders.

Measurement of Liabilities in IAS 37
January 11, 2010. The IASB has issued an Exposure Draft re-exposing proposals on measuring liabilities for asset decommissioning, legal disputes and similar items. The revised proposals address measuring liabilities within the scope of IAS 37 Provisions, Contingent Liabilities and Contingent Assets. The comment deadline is April 12, 2010.

Financial Instruments: Amortized Cost and Impairment
January 4, 2010. The AcSB has issued an Exposure Draft (ED) that corresponds to the IASB’s ED on this topic. Comments are requested by June 15, 2010.

Interested in Becoming a Member of the AcSB’s Private Enterprises Advisory Committee?
January 4, 2010. The AcSB is seeking members for its new Private Enterprises Advisory Committee.

 

Archived News