FYI Accounting Standards - April 2012

This Newsletter contains the April 2012 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 April 2012 edition includes the following topics:

Message from the Director

International Financial Reporting Standards

  • AcSB Defers the Changeover Date for Entities with Rate-regulated Activities to 2013
  • IFRS Discussion Group: April 2012 Meeting
  • IFRSs as the Global Standards: The IFRS Foundation and Monitoring Board’s New Strategies

Private Enterprises and Not-for-Profit Organizations

  • Repairs and Maintenance to Part II

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

  • Employee Future Benefits: Proposals to Abolish Smoothing

Document for Comment


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.