FYI Accounting Standards - February 2012

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

The February 2012 edition includes the following topics:

Canadian Involvement on the Global Stage

  • Interview with IFRS Interpretations Committee Member - Jean Paré

International Financial Reporting Standards

  • AcSB Defers the Changeover Date for Investment Companies and Segregated Accounts to 2014
  • Consolidations: When to Restate the Comparative Year?
  • IFRS Discussion Group: January 2012 Meeting
  • Revenue from Contracts with Customers

Private Enterprises, Not-for-Profit Organizations and Pension Plans

  • Employee Future Benefits: Proposals to Abolish Smoothing Issued!

Document for Comment

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