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: As the regulatory body responsible for overseeing Chartered Professional Accountants and accounting firms in Ontario,…
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: The Pentagon has significantly reduced its estimate of the value of weapons it has sent to Ukraine, freeing up at least $3 billion to keep Ukrainian troops supplied in their war against…
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;…
