2010-09-03 FYI Accounting Standards - August 2010

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This Newsletter contains the August 2010 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 August 2010 edition includes the following topics:

• Message from the Chair
• International Financial Reporting Standards
  • Consolidation Exemption for Investment Companies
  • IFRS Deferral for Entities with Rate-regulated Activities
  • IFRS Discussion Group
  • Presenting Comprehensive Income — One Statement or Two?
  • Revenue Recognition — Timing is Everything
  • Tracking IFRS Changes
• Private Enterprises
  • A New Journey Begins
• Not-for-Profit Organizations
  • Standards in Transition
• Document for Comment Deadlines
• Archived Webinars

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