The Canadian Securities Administrators recently issued a “statement on proposed climate-related disclosure requirements.” Here it is in its entirety: That’s probably not destined to rank among the great “statements” of our time, but never mind: it’s a reminder that the issuance of those two standards by the ISSB was only the start of a multi-stage,…

The IASB recently called for stakeholder feedback to inform its review of the accounting standard for revenue from contracts with customers, IFRS 15. This is part of the regular post-implementation review process “to assess whether the effects of applying the new requirements on users of financial statements, preparers, auditors and regulators are those the IASB intended…

This is the 700th posting on this blog… ..so I thought I might take a brief pause for review. As far as I know, this is the world’s longest-running financial reporting blog (going back to December 2013); even if I’m wrong about that, I’m pretty sure this one scores highest on the intersection of longevity…

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…

If one went in sequence through the almost 700-post history of this blog, it might seem to speak to the fading prominence of IFRS relative to other forms of financial reporting; at present, the IASB just doesn’t generate as much of immediate interest as does the ISSB. Of course, that’s somewhat by design: many of…

As we covered last time, CPA Ontario and CPA Quebec announced that they intend to conclude their current arrangements with CPA Canada. Since that last post, we have a little (not enough, but a little) more clarity on some of the underlying issues, in particular from a Globe and Mail article, none of which is…

Along with, it seems, just about every other accountant here in Ontario (one of Canada’s thirteen provinces/territories), I was surprised by an email that popped up last Tuesday afternoon, titled “A new approach for CPA Ontario.” Here’s the main content: For background as to what that means, as helpfully summarized by the Canadian Press, “CPA…

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…