2009-06-19 FYI Accounting Standards - May 2009

This Newsletter contains the May 2009 edition of the CICA FYI Accounting Standards Report.

The Accounting Standards Board ("AcSB") and staff of the CICA periodically publish a report outlining the status of current projects and related activities.

The May 2009 edition includes the following topics:

  • Message from the Accounting Standards Director
  • A Breakthrough — GAAP for Private Enterprises
  • Derecognition — IASB Proposes a New IFRS to Address Off-Balance Sheet Risks
  • Income Tax — IASB Proposes a New IFRS on Accounting for Income Tax
  • Leases — IASB Puts Forth Preliminary Views
  • When 2011 Equals 2010 — The Journey to the IFRS World

A PDF version of the report is attached below. This information may be useful for audit committee reports and discussions with management on proposed accounting standards.

2.11 MB May 2009 edition of the CICA FYI Accounting Standards Report (225 KB)
Download the full PDF report.