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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. This information may be useful for audit committee reports and discussions with management on proposed accounting standards.
Of further interest
- For an indepth analysis of the most notable financial reporting developments, read our bi-annual review, Financial Reporting Release.
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