Toby York, ever-stimulating founder of The Accounting Café, posted the following on LinkedIn: I’ve said before that I’m not too optimistic that greater visibility in popular culture (or some manifestations of it anyway) would go particularly far in solving the profession’s recruitment and image problems (and at least in Canada, there’s apparently also a shortage…

While there’s much to be said about the recently-issued IFRS 18, Presentation and Disclosure in Financial Statements, the most important fact is simply that it won’t become effective until annual reporting periods beginning on or after January 1, 2027, and so no one needs to bother thinking about it any time soon. Thanks, that’s all…

The dismal case study of Trump Media & Technology Group In its own eye-rolling words, TMTG, the operator of the Truth Social platform, “aspires to build a media and technology powerhouse to rival the liberal media consortium and promote free expression. TMTG was founded to fight back against the big tech companies—Meta (Facebook, Instagram, and…

The IASB issued the Exposure Draft Financial Instruments with Characteristics of Equity—Proposed amendments to IAS 32, IFRS 7 and IAS 1, with a comment deadline of March 29, 2024. In common with pretty much everything the IASB ever issues, the exposure draft included a proposed increase in disclosure requirements, some of which don’t seem to have…

Are DEI jobs really disappearing?, asked a recent article in Pivot magazine. Here’s some of what the article, written by Tayo Bero, had to say: The article argues for a different approach to the area, for example: But not all hiring lends itself to the committed “blindness” that might be applied, say, to auditioning cello…

The IASB issued the Exposure Draft Financial Instruments with Characteristics of Equity—Proposed amendments to IAS 32, IFRS 7 and IAS 1, with a comment deadline of March 29, 2024. We already looked at various aspects of the exposure draft, but not at this one: This is intended to address questions that arise in practice about the…

The IASB has published a package of proposals aimed at enhancing the information companies provide to investors about acquisitions. Here’s some of what the press release had to say: Regarding the exemption in the penultimate bullet, the exposure draft states: “an entity must be able to describe a specific reason for not disclosing an item…

Did I get your attention with that? It’s an overstatement of course – even if he wins this year’s election, he won’t be inaugurated until next year, and his murderousness won’t fully flower quite that fast. But I stand by the substance: in a second age of Trump, the philosophy and promise of IFRS, and…

As part of its activities, the European Securities and Markets Authority (ESMA) organizes a forum of enforcers from 38 different European jurisdictions, all of whom carry out monitoring and review programs similar to those carried out here by the Canadian Securities Administrators. ESMA recently published some extracts from its confidential database of enforcement decisions on…

The Canadian Sustainability Standards Board has issued for comment its first two proposed standards. These are proposed Canadian Sustainability Disclosure Standard (CSDS) 1 General Requirements for Disclosure of Sustainability-related Financial Information  and CSDS 2 Climate-related Disclosures, built on the pre-existing IFRS S1 and S2. Perhaps surprisingly, the CSSB didn’t propose any major changes to the…