2011-08-23 FYI Accounting Standards - August 2011

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

  • Message from the Chair
  • International Financial Reporting Standards
    • IASB Work Plan
    • Eight New and Amended IFRSs Issued
    • Q1 IFRS Reports
    • IFRS Discussion Group to Provide More Value
    • IFRS Discussion Group Meets in Montreal
    • IFRIC 14 Minimum Funding Requirements
    • Annual Improvements
    • Derecognition - Disclosures
    • Termination Benefits Accounting Is Changing
  • Accounting Standards for Pension Plans
    • Transitional Issues in Adopting Part IV of the Handbook

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.