Here’s the background to another issue recently discussed by CPA Canada’s IFRS Discussion Group: The group discussed a few issues relating to whether ESG features affect the issuer’s accounting for such green bonds measured at amortized cost, including whether those features should be separated and accounted for as derivatives. Recall that the definition of a…

Conrad Black’s one-time globe-spanning profile has faded in recent years… His Canadian visibility now is mostly confined to his regular opinion column in the National Post, notable for its style-challenged unreadability and for its barely qualified assessment of Donald Trump as a great American President (“ Is there any sane person who in the dark and…

Should accountants worry about cryptocurrencies? asks a recent edition of ICAEW Insights. The article asked a few questions of “crypto entrepreneur” Mark Basa, whose comments include the following: Academic Ross Thompson also contributed some perspective: Despite their differences, the two commentators have in common an inclination toward special pleading. Basa’s commentary is only an extension…

As we’ve addressed many times, the International Sustainability Standards Board has issued its first two exposure drafts, General Sustainability-related Disclosures (S1) and Climate-related Disclosures (S2), which were both open for comment until July 29, 2022. Last time we looked at some reaction to the following proposal in S2: Let’s continue with that today. Some respondents…

As we’ve addressed many times, the International Sustainability Standards Board has issued its first two exposure drafts, General Sustainability-related Disclosures (S1) and Climate-related Disclosures (S2), which were both open for comment until July 29, 2022. A key aspect of the S2 document is the following proposed requirement: The document defines climate-related scenario analysis as “a…