FYI Newsletter June 2008 (PDF)
June 26, 2008. The June issue of FYI includes a Message from the Chair, and articles on private enterprises and not-for-profit organizations.

AcSB June 10, 2008 Decision Summary
June 18, 2008. An executive summary of discussions and decisions with respect to the topics addressed at this meeting: International Activities; Conceptual Framework; Income Taxes.

AcSB May 26, 2008 Decision Summary
June 2, 2008. An executive summary of discussions and decisions with respect to the topic addressed at this meeting: Not-for-Profit Organizations.

Conceptual Framework — Objective and Qualitative Characteristics
May 29, 2008. The IASB has issued an Exposure Draft on “Conceptual Framework for Financial Reporting: Chapter 1: The Objective of Financial Reporting and Chapter 2: Qualitative Characteristics and Constraints of Decision-useful Financial Reporting Information.” The comment deadline is September 29, 2008.

Conceptual Framework — Reporting Entity
May 29, 2008. The IASB has issued a Discussion Paper considering issues for the purposes of developing a reporting entity concept for inclusion in the conceptual framework. The comment deadline is September 29, 2008.

EIC Abstracts Review — IFRS Adoption
May 14, 2008. Final decisions from the review of the issues addressed by each EIC Abstract have been posted.

AcSB May 6-7, 2008 Decision Summary
May 14, 2008. An executive summary of discussions and decisions with respect to the topics addressed at this meeting: International Activities; Financial Reporting by Private Enterprises; Publicly Accountable Enterprises Strategy; Not-for-Profit Organizations; Financial Instruments — Recognition and Measurement; Discontinued Operations.

CSA Guidance on the Effect of the Transition to IFRSs
May 12, 2008. The Canadian Securities Administrators has published CSA Staff Notice 52-320, “Disclosure of Expected Changes in Accounting Policies Relating to Changeover to IFRSs.”

IFRSs — A Done Deal!
May 5, 2008. AcSB staff has written a follow-up article on the AcSB’s omnibus Exposure Draft, “Adopting IFRSs in Canada.” It clarifies who is affected by the move to IFRSs, highlights the importance of preparing now, rather than later, and explains why becoming familiar with IFRSs may not be as difficult as some might think.

FYI Newsletter April 2008 (PDF)
May 1, 2008. The April issue of FYI includes a Message from the Chair, articles on the AcSB’s Exposure Drafts on “Adopting IFRSs in Canada” and “Non-controlling Interests,” its private enterprise strategy, recommendations regarding EIC Abstracts review, and interviews with retired AcSB members.

Sir David Tweedie addresses the Empire Club of Canada
April 30, 2008. On April 25th, Sir David Tweedie, Chair of the IASB, addressed the Empire Club of Canada in Toronto. Read the full Luncheon Event speech here.

AcSB April 23, 2008 Decision Summary
April 30, 2008. An executive summary of discussions and decisions with respect to the topics addressed at this meeting: International Activities; Private Enterprises Strategy; Financial Instruments.

Non-bank-sponsored Asset-Backed Commercial Paper (PDF)
April 18, 2008. The AcSB staff has issued a third commentary, focusing on the financial reporting issues facing holders of these securities in preparing their GAAP financial statements for periods ending March 31, 2008.

New Appointments to AcSOC, AcSB, PSAB
April 17, 2008. New appointments to the AcSOC have been announced, and the AcSOC has appointed new members to the AcSB and PSAB.

Employee Benefits
April 16, 2008 The IASB has issued a Discussion Paper on “Preliminary Views on Amendments to IAS 19 Employment Benefits,” for public comment. The paper includes proposals to remove options for the deferred recognition of gains and losses in defined benefit plans. The comment deadline is September 26, 2008.

Financial Instruments
April 16, 2008 The IASB has issued a Discussion Paper on “Reducing Complexity in Reporting Financial Instruments.” The paper examines the main causes for the complexity under IFRSs today and proposes possible intermediate and long-term approaches to improve and simplify measurement. The comment deadline is September 19, 2008.

Adopting IFRSs in Canada (PDF)
April 7, 2008. The AcSB has issued an omnibus Exposure Draft proposing to incorporate IFRSs into the Handbook as a replacement for current Canadian GAAP for most publicly accountable enterprises effective for fiscal years beginning on or after January 1, 2011. The comment deadline is July 31, 2008.

Non-controlling Interests
April 7, 2008. The AcSB has issued an Exposure Draft proposing to issue new Section 1602, Non-controlling Interests, and replace existing Section 1600, Consolidated Financial Statements, with Section 1601 of the same name. Comments are requested by May 30, 2008.

IFRS Advisory Committee (IAC) – Report on Public Meeting (PDF)
April 4, 2008 – At its January meeting, the IAC discussed possible amendments to IFRS 1, First-time Adoption of International Financial Reporting Standards, to be presented to the IASB for consideration at its March meeting.

IASB Chair Speaks in Toronto
April 3, 2008. Sir David Tweedie will speak on "Worldwide Adoption of International Financial Reporting Standards (IFRS): Why IFRS? Why now? And what does it mean to you?”on Friday April 25th in Toronto.

EIC Abstracts Review — Tentative Decisions
April 2, 2008. Tentative decisions from the review of the issues addressed by each EIC Abstract have been updated.

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