FYI Accounting Standards - April 2012

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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

Deadlines

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.