2011-06-02 FYI Accounting Standards - May 2011

This Newsletter contains the May 2011 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 2011 edition includes the following topics:

  • "Bedding Down” the AcSB’s New Strategies
  • International Financial Reporting Standards
    • Conceptual Framework – Completion of Phase A
    • IFRS Discussion Group Update
    • Income Tax Accounting for Investment Properties Simplified
  • Private Enterprises
    • Improvements, Big and Small
    • Employee Future Benefits
  • Not-for-Profit Organizations
    • Watch for Developments on Two Fronts
  • Document for Comment Deadline

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