Early last year, the IASB published “a Discussion Paper on possible improvements to the information companies report about acquisitions of businesses to help investors assess how successful those acquisitions have been.” We already looked at some of the reaction to the paper’s discussion on potentially reintroducing amortization of goodwill, and on some of its disclosure proposals.…

Here in Ontario, Canada, we have something new to excite us – the final report of the Capital Markets Modernization task force. The taskforce was established in February 2020 to review and make recommendations to modernize Ontario’s capital markets regulation; the final report (following a consultation document issued last July) contains 74 recommendations. Here’s some…

Let’s return to the Consultation Paper recently issued by the Trustees of the IFRS Foundation “to assess demand for global sustainability standards and, if demand is strong, assess whether and to what extent the Foundation might contribute to the development of such standards.” One of the main options outlined in the paper was for the Foundation…

Here’s a news release to conjure with: November 19, 2020–VIQ Solutions Inc… a global provider of secure, AI-driven, digital voice and video capture technology and transcription services, announced today that it has refiled its interim financial statements for the six months ended June 30, 2020 and 2019, its interim management’s discussion and analysis (“MD&A”) for…

Let’s return to the Consultation Paper recently issued by the Trustees of the IFRS Foundation “to assess demand for global sustainability standards and, if demand is strong, assess whether and to what extent the Foundation might contribute to the development of such standards.” One of the main options outlined in the paper was for the Foundation…

The IASB has issued for comment a discussion paper Business Combinations under Common Control, with comments requested by September 1, 2021. Here’s some of how the accompanying news release summed that up:  IFRS 3 Business Combinations set outs reporting requirements for mergers and acquisitions—referred to as business combinations in IFRS Standards. However, that Standard does not specify…

Early last year, the IASB published “a Discussion Paper on possible improvements to the information companies report about acquisitions of businesses to help investors assess how successful those acquisitions have been.” To recap, the discussion paper “concluded that there is no alternative that can target goodwill better and at reasonable cost.” Among other things, the Board…

Let’s return to the Consultation Paper recently issued by the Trustees of the IFRS Foundation “to assess demand for global sustainability standards and, if demand is strong, assess whether and to what extent the Foundation might contribute to the development of such standards.” One of the main options outlined in the paper was for the Foundation…

I realize of course that after a work day revolving heavily around the three volumes of the red book, the last thing you might want to do at night is unwind with even more IFRS-related reading material. But if you dig deeply enough into the library, there’s something there for every taste. See for yourself!…

Well, let’s continue the holiday season with a new batch of real-life tweets (the last one was here) which made mention of IFRS in one way or another, presented here in their original form with all possible typos and obscenities and general oddities intact. We’ll begin here: The worst part of my 2019 was implementing…