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The IAC's objective is to provide support to the AcSB on technical issues arising during the incorporation of International Financial Reporting Standards (IFRSs) into Canadian GAAP, and beyond. IAC meetings are normally open to the public, but portions will be held in camera at the discretion of the Chair. Meeting of the IAC | Date: | July 22, 2009
9:00 to 4:00 pm
| | Venue: | 2nd Floor
277 Wellington St West
Toronto ON M5V 3H2 |
- The agenda will likely include discussion of:
- IASB’s Exposure Draft on fair value measurement;
- IASB’s project on Financial Instruments;
- IFRS 1, First-time adoption provisions of recent Exposure Drafts;
- Communicating the effect of changeover to IFRSs in the MD&A; and
- Members’ observations of implementation issues in practice including revaluations under Canadian GAAP eligible as deemed cost on transition, classification differences between liability and equity, functional currency challenges, managing the changing standards during IFRS transition and actions to be completed before or at IFRS transition date.
Observers must complete the observer registration form and return it by July 20, 2009 (see guidelines for observers). Observers are welcome to attend the meeting in person. |