2012-10-18 FYI Accounting Standards - October 2012

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

Message from the Director

International Financial Reporting Standards

  • IFRS 10, IFRS 11 and IFRS 12: Transition Relief in Time for Adoption
  • Rate-regulated Activities: AcSB and IASB Take Action

Private Enterprises and Not-for-Profit Organizations

  • Discontinued Operations: Proposal to Raise the Threshold

XFI Version of the Handbook: Still Alive

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.