Interim disclosures of new standards – make me disclose it twice, shame on you…?

Here ‘s another issue recently discussed by CPA Canada’s IFRS Discussion Group A reporting issuer prepares Q2-2018 and Q3-2018 interim financial statements for the six months and nine months ending June 30 and September 30, 2018, respectively. The reporting issuer adopts IFRS 9 and IFRS 15 on January 1, 2018, and is considering the extent…

Straight talk! More on character in financial reporting

Let’s return to our recent reflections on how an entity might manifest “character” in its financial reporting. The Canadian National Instrument 51-102F1 says in the second paragraph of its introductory section that the issuer’s objective when preparing an MD&A includes “openly reporting bad news as well as good news.” Of course, in corporate reporting as…

Limitations of investors – get on the same page!

I came across an interesting academic study: “The effects of investors’ information processing limitations when incorporating return on assets into their investment decisions.” The authors are Max Hewitt of the University of Arizona; and Jessica Watkins and Teri Lombardi Yohn of Indiana University. As with all such studies, I can’t claim to be capable of…