As we last covered here, IASB has been evaluating the existing approach to accounting for goodwill in the wake of the 2014 Post-implementation Review (PIR) of IFRS 3 Business Combinations. It voted last year to retain an impairment-only approach to account for goodwill, but this left plenty that might still be changed. Here’s an update from…

As we previously discussed, the International Sustainability Standards Board (ISSB) recently issued Request for Information Consultation on Agenda Priorities, to seek feedback on its priorities for its next two-year work plan. The document is open for comment until September 1, 2023. The ISSB has identified four potential projects in particular: “three sustainability-related research projects—1) biodiversity, ecosystems…

As we previously discussed, the International Sustainability Standards Board (ISSB) recently issued Request for Information Consultation on Agenda Priorities, to seek feedback on its priorities for its next two-year work plan. The document is open for comment until September 1, 2023. The ISSB has identified four potential projects in particular: “three sustainability-related research projects—1) biodiversity, ecosystems…

The Canadian Accounting Hall of Fame (CAHF) “recognizes and honours individuals who have made significant contributions to the development of the Canadian accounting profession or, as Canadians, have made contributions to the development of accounting elsewhere in the world.“ We previously covered the 2021 and 2022 inductees, so this post may be seen as the…

Pentagon Says Accounting Mistake Frees Up $3 Billion More for Ukraine, announces a recent New York Times story. Here’s some of the detail: It’s telling that the error was characterized slightly differently by different media, with some  (such as the Los Angeles Times) referring to “net book value” rather than “sale value,” as above. Either…

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 International Sustainability Standards Board (ISSB) recently issued a Request for Information Consultation on Agenda Priorities, to seek feedback on its priorities for its next two-year work plan. The document is open for comment until September 1, 2023. The ISSB has identified four potential projects in particular: “three sustainability-related research projects—1) biodiversity, ecosystems and ecosystem services;…

The financial reporting challenges arising from Covid 19 may largely be receding into the past… …but the aftermath yields its own issues. One of these is the new prevalence of hybrid-work arrangements under which companies provide their employees with more flexibility to work partly in the office and partly remotely. Here’s the background to an…

As we covered here, the IASB issued Property, Plant and Equipment: Proceeds before Intended Use, a limited-scope amendment to IAS 16. It focuses on one of the examples provided in IAS 16.17 of “directly attributable costs” of an item of property, plant and equipment, which are included within the amount recognized as an asset. Prior…

Canadian securities regulators propose changes to corporate governance disclosure practices and guidelines, announces a recent news release. Here’s an extract: The proposals use the term “identified group” to mean “a group of individuals with a shared personal characteristic, whose representation on the issuer’s board or in its executive officer positions has been identified by the…