Continuing on our recent theme of happy takes on accounting… …this time from a perhaps unexpected source, the Chair of Canada’s Accounting Standards Board, Armand Capisciolto. He’s instigated a series of “Inside Standard Setting” articles, comprising “A little “inside baseball” on accounting standard setting” – a serious purpose, executed with a light touch. The first…

Let’s take another look at some items from the Ontario Securities Commission’s refilings and errors list. This is a chronological record covering the last three years, of companies that refiled or restated some aspect of their continuous disclosure record as a result of an OSC review – the list has the dual purpose, I believe,…

Well, it’s been a few years since the last installment, so let’s continue the periodic series I call “Great Cliches of IFRS.” Today’s example – well, you’ll see: Over the course of my career, one of the most valuable lessons I have learned is the value of storytelling and how to use stories to convey…

Here’s the background to an issue recently considered by Canada’s IFRS Discussion Group: On January 1, 20X5, an employee receives a share-based payment award that vests if Entity A’s share price hits a market performance condition (“target”) either by December 31, 20X5 (“Date 1”), or by December 31, 20X6 (“Date 2”). the award has the…

Over Half of M&A Dealmakers have Canceled Deals on ESG Due Diligence Findings, states an ESG Today report on a recent KPMG survey. Here’s some of what it had to say: The survey found that three quarters (74%) of professionals are already integrating ESG considerations as part of their M&A agenda, with the identification of…

Is there a term that’s applied more unproductively in the world of standard-setting and regulation than “investors”? It’s easy (and perhaps inevitable) for example to cite “investor protection” as a justification for almost anything a regulator might be inclined to do. But of course, “investors” is an extremely broad category, incorporating a wide range of…

The International Organization of Securities Commissions (IOSCO) recently announced their endorsement of the ISSB’s Sustainability-related Financial Disclosures Standards. Here’s an extract: IOSCO has engaged extensively with the ISSB over the last two years, culminating in a comprehensive and independent review of the final ISSB Standards. After a detailed analysis, IOSCO has determined that the ISSB…

Why Aren’t Accountants Happy Being Accountants? asks a recent article in the UK’s PQ Magazine. True, we’ve covered aspects of this issue several times already, but then, it’s eternally intriguing. Here’s what the article has to say: Just over a third (36%) of accountants are considering leaving the profession in the next five years, including…

The UK’s Financial Reporting Council published a thematic review of IFRS 13 Fair Value Measurement. Here’s the executive summary of key findings: Whilst the transaction price usually reflects fair value, there may be circumstances where this is not the case, for example, in transactions with related parties. Companies should ensure that appropriate adjustments are made…

Who would have expected that within a few days of each other, IASB Chair Andreas Barckow and ISSB Chair Emmanual Faber would both have kicked off speeches by citing notable movies? Interesting too that between them they covered almost the entire history of the cinema. First, here’s Faber: 98 years ago today, on 26 June…