Financial Reporting Newsletters

2009-10-20 Closing the GAAP: New Canadian GAAP Pronouncements Affecting 2009 Financial Statements (updated to September 30, 2009)
This newsletter presents a summary of new Canadian GAAP pronouncements relevant to financial statements prepared for 2009 (updated to September 30, 2009 and including CICA Release No. 55, August 2009).

2009-10-20 Closing the GAAP: New Canadian GAAP Pronouncements Affecting 2010 Financial Statements (updated to September 30, 2009)
This newsletter presents a summary of new Canadian GAAP pronouncements relevant to financial statements prepared for 2010 (updated to September 30, 2009 and including CICA Release No. 55, August 2009).

2009-10-20 Closing the GAAP: New Canadian GAAP Pronouncements Affecting 2011 Financial Statements (updated to September 30, 2009)
This newsletter presents a summary of new Canadian GAAP pronouncements relevant to financial statements prepared for 2011 (updated to September 30, 2009, and including CICA Release No. 55, August 2009).

2009-10-20 Closing the GAAP: New US GAAP Pronouncements Affecting 2009 Financial Statements (includes developments to September 30, 2009)
This newsletter presents a summary of new US GAAP pronouncements relevant to financial statements prepared for 2009 (includes developments to September 30, 2009).

2009-10-20 Closing the GAAP: New US GAAP Pronouncements Affecting 2010 Financial Statements (includes developments to September 30, 2009)
This newsletter presents a summary of new US GAAP pronouncements relevant to financial statements prepared for 2010 (includes developments to September 30, 2009).

2009-10-20 Closing the GAAP: New US GAAP Pronouncements Affecting 2011 Financial Statements (includes developments to September 30, 2009)
This newsletter presents a summary of new US GAAP pronouncements relevant to financial statements prepared for 2011 (includes developments to September 30, 2009).

2009-10-05 GAAP for Private Enterprises Approved - Available for 2009 Early Adoption
The Accounting Standards Board has approved the final accounting standards for private enterprises in Canada. This newsletter notes the significant changes from the proposals in the exposure draft.

2009-10-02 SOX 404 Deferral for Small Entities
This newsletter details the SEC's announcement on deferral of the date of compliance with SOX 404 provisions for small companies.

2009-09-23 Crossing Over to IFRS: Frequently Asked Questions
This newsletter contains a memorandum which discusses questions that have frequently arisen about the transition balance sheet, and other related issues, resulting from mandatory adoption of IFRS in Canada in 2011.

2009-09-18 FYI Accounting Standards - September 2009
This newsletter contains the September 2009 edition of the CICA FYI Accounting Standards Report.

2009-09-18 Risk Alert - CICA, September 2009
This newsletter contains the September 2009 edition of the CICA Risk Alert.

2009-09-08 Practice Advice - CICA, September 2009
This newsletter contains the September 2009 edition of the CICA Practice Advice.

2009-08-27 New CICA Publication - MD&A: Guidance on Preparation and Disclosure
This newsletter discusses the Canadian Performance Reporting Board's new publication on MD&A preparation and disclosure.

2009-07-23 CSA Staff Notice 52-320 – Example MD&A Disclosures of the Impact of Changeover to IFRS
This newsletter provides examples of disclosures in MD&A about the impact of changeover to IFRS as required by CSA Staff Notice 52-320.

2009-07-03 Closing the GAAP: New Canadian GAAP Pronouncements Affecting 2009 Financial Statements (updated to June 30, 2009)
This newsletter presents a summary of new Canadian GAAP pronouncements relevant to financial statements prepared for 2009 (updated to June 30, 2009 and including CICA Release No. 54, June 2009).

2009-07-03 Closing the GAAP: New Canadian GAAP Pronouncements Affecting 2010 Financial Statements (updated to June 30, 2009)
This newsletter presents a summary of new Canadian GAAP pronouncements relevant to financial statements prepared for 2010 (updated to June 30, 2009 and including CICA Release No. 54, June 2009).

2009-07-03 Closing the GAAP: New Canadian GAAP Pronouncements Affecting 2011 Financial Statements (updated to June 30, 2009)
This newsletter presents a summary of new Canadian GAAP pronouncements relevant to financial statements prepared for 2011 (updated to June 30, 2009, and including CICA Release No. 54, June 2009).

2009-07-03 Closing the GAAP: New US GAAP Pronouncements Affecting 2009 Financial Statements (includes developments to June 30, 2009)
This Newsletter presents a summary of new US GAAP pronouncements relevant to financial statements prepared for 2009 (includes developments to June 30, 2009).

2009-07-03 Closing the GAAP: New US GAAP Pronouncements Affecting 2010 Financial Statements (includes developments to June 30, 2009)
This newsletter presents a summary of new US GAAP pronouncements relevant to financial statements prepared for 2010 (includes developments to June 30, 2009).

2009-06-26: Which IFRSs Are Expected To Apply for Canadian Changeover in 2011?
This newsletter contains a link to the AcSB’s recent publication that summarizes which IFRSs are expected to apply for Canadian changeover in 2011.

2009-06-19 FYI Accounting Standards - May 2009
This Newsletter contains the May 2009 edition of the CICA FYI Accounting Standards Report.

2009-05-25 Issues Related To Changeover to International Financial Reporting Standards
This newsletter announces guidance from Canadian Securities Administrators on issues related to the changeover to IFRS.

2009-05-07 FYI Accounting Standards - April 2009
This Newsletter contains the April 2009 edition of the CICA FYI Accounting Standards Report.

2009-04-30 Canadian Accounting Standards Board Proposes Changing GAAP for Impairments in Debt Securities
On April 30, 2009, the Accounting Standards Board (AcSB) announced its decision to develop proposals to revise standards on impairment of debt instruments to converge with international standards.

2009-04-15 Closing the GAAP: New Canadian GAAP Pronouncements Affecting 2008 Financial Statements (updated to March 31, 2009)
This Newsletter presents a summary of new Canadian GAAP pronouncements relevant to financial statements prepared for 2008 (updated to March 31, 2009 and including CICA Release No. 53, January 2009).

2009-04-15 Closing the GAAP: New Canadian GAAP Pronouncements Affecting 2009 Financial Statements (updated to March 31, 2009)
This Newsletter presents a summary of new Canadian GAAP pronouncements relevant to financial statements prepared for 2009 (updated to March 31, 2009 and including CICA Release No. 53, January 2009).

2009-04-15 Closing the GAAP: New Canadian GAAP Pronouncements Affecting 2011 Financial Statements (updated to March 31, 2009)
This Newsletter presents a summary of new Canadian GAAP pronouncements relevant to financial statements prepared for 2011 (updated to March 31, and including CICA Release No. 53, January 2009).

2009-04-15 Closing the GAAP: New US GAAP Pronouncements Affecting 2008 Financial Statements (includes developments to April 1, 2009)
This Newsletter presents a summary of new US GAAP pronouncements relevant to financial statements prepared for 2008 (includes developments to April 1, 2009).

2009-04-15 Closing the GAAP: New US GAAP Pronouncements Affecting 2009 Financial Statements (includes developments to April 1, 2009)
This Newsletter presents a summary of new US GAAP pronouncements relevant to financial statements prepared for 2009 (includes developments to April 1, 2009).

2009-04-16 Closing the GAAP: New Canadian GAAP Pronouncements Affecting 2010 Financial Statements (updated to March 31, 2009)
This Newsletter presents a summary of new Canadian GAAP pronouncements relevant to financial statements prepared for 2010 (updated to March 31, and including CICA Release No. 53, January 2009).

2009-03-25 Risk Alert -- CICA, March 2009
This newsletter contains the March 2009 edition of the CICA Risk Alert.

2008-02-25 ASC Continuous Disclosure Review Program 2007 Report
This Newsletter contains the Alberta Securities Commission's 2007 report on its Continuous Disclosure Review Program.

2009-01-30 CPAB Presentation - The Integrity of Financial Reporting in an Economic Downturn
This newsletter contains slides and speaker notes from CPAB's webcast of January 22, 2009.

2009-01-28 Draft AcSB Commentary, Non-Bank Sponsored ABCP: Implementing the Restructuring Plan
The staff of the Accounting Standards Board issued a draft Financial Reporting Commentary which provides their views on how certain aspects of GAAP apply to restructuring of non-bank sponsored Asset-Backed Commercial Paper (ABCP). This newsletter summarizes the conclusions and contains a copy of the draft.

2009-01-26 Recent Securities Regulator Comment Letters on Impairments, Going Concern and Liquidity
This newsletter provides comments illustrative of securities regulators expectations related to impairments, going concern and liquidity.

2009-01-16 ASC Continuous Disclosure Review Program 2008 Report
This newsletter contains the Alberta Securities Commission's 2008 report on its Continuous Disclosure Review Program.

2009-01-16 Risk Alert -- CICA, January 2009
This newsletter contains the January 2009 edition of the CICA Risk Alert.

2009-01-08 Canadian Securities Regulators Emphasize Disclosure Obligations for Current Market Conditions
This Newsletter introduces the Canadian Securities Administrators Staff Notice 51-328, Continuous Disclosure Considerations Related to Current Economic Conditions.

2009-01-06 AMF Continuous Disclosure Review Program 2008 Report
This Newsletter contains the Autorité des marchés financiers’ 2007-2008 report on its Continuous Disclosure Review Program.

2009-01-06 Closing the GAAP: New Canadian GAAP Pronouncements Affecting 2008 Financial Statements (updated to December 31, 2008)
This Newsletter presents a summary of new Canadian GAAP pronouncements relevant to financial statements prepared for 2008 (updated to December 31, 2008 and including CICA Release No. 52, December 2008).

2009-01-06 Closing the GAAP: New Canadian GAAP Pronouncements Affecting 2009 Financial Statements (updated to December 31, 2008)
This newsletter presents a summary of new Canadian GAAP pronouncements relevant to financial statements prepared for 2009 (updated to December 31, 2008 and including CICA Release No. 52, December 2008).

2009-01-06 Closing the GAAP: New Canadian GAAP Pronouncements Affecting 2011 Financial Statements (updated to January 5, 2009)
This newsletter presents a summary of new Canadian GAAP pronouncements relevant to financial statements prepared for 2011 (updated to January 5, 2009 and including CICA Release No. 53, January 2009).

2009-01-06 Closing the GAAP: New US GAAP Pronouncements Affecting 2008 Financial Statements (includes developments to December 31, 2008)
This Newsletter presents a summary of new US GAAP pronouncements relevant to financial statements prepared for 2008 (includes developments to December 31, 2008).

2009-01-06 Closing the GAAP: New US GAAP Pronouncements Affecting 2008 Financial Statements (includes developments to December 31, 2008) updated feb 25, 2009
This Newsletter presents a summary of new US GAAP pronouncements relevant to financial statements prepared for 2008 (includes developments to December 31, 2008).

2009-01-06 Closing the GAAP: New US GAAP Pronouncements Affecting 2009 Financial Statements (includes developments to December 31, 2008)
This Newsletter presents a summary of new US GAAP pronouncements relevant to financial statements prepared for 2009 (includes developments to December 31, 2008).

2008-12-22 Goodwill Impairment Assessments
This newsletter provides a summary of the requirements under Canadian GAAP for making fair value assessments of goodwill impairment.

2008-12-12 FYI Accounting Standards -- December 2008
This newsletter contains the December 2008 edition of the CICA FYI Accounting Standards Report.

2008-12-11 FYI Accounting Standards -- Special Edition 2008
This newsletter contains the Special Edition 2008 of the CICA FYI Accounting Standards Report.

2008-11-26 How the Credit Crunch Affects an Employer’s Accounting for and Disclosure of its Defined Benefit Pension Plans
This Newsletter discusses the impact of the credit crunch on an employer’s accounting for and disclosure of its defined benefit pension plans under Canadian GAAP.

2008-11-10 Consents in Offering Documents and Retrospective Changes in Accounting for EIC 27
This Newsletter discusses consents in offering documents and the retrospective changes in accounting for EIC 27 after the release of new CICA Handbook Section 3064, Goodwill and Intangible Assets.

2008-11-19 Going Concern, Liquidity and Recoverability -- Disclosure Considerations
This newsletter contains a memorandum which highlights the recent Going Concern amendments to CICA Handbook section 1400.08A.

2008-11-18 Proposed SEC Rule: Roadmap for the Potential Use of Financial Statements Prepared in Accordance with IFRS by US Issuers
This newsletter introduces SEC Release No. 33-8982, Proposed SEC Rule: Roadmap for the Potential Use of Financial Statements Prepared in Accordance with International Financial Reporting Standards by US Issuers, published for comment on November 17, 2008.

2008-11-14 Risk Alert - CICA, November 2008
This Newsletter contains the November 2008 edition of the CICA Risk Alert.

2008-11-11 Accounting for Impairments in Investments
This Newsletter contains a memorandum which highlights accounting for impairments in investments during this credit crunch.

2008-11-03 FYI Accounting Standards - October 2008
This Newsletter contains the October 2008 CICA FYI Accounting Standards Report.

2008-10-21 AcSB Amends Fair Value Accounting Rules
This Newsletter summarizes our understanding of the recent amendments to CICA 3855, Financial Instruments – Recognition and Measurement.

2008-10-21 Practice Advice - CICA, October 2008
This Newsletter contains the October 2008 edition of the CICA Practice Advice.

2008-10-21 The AcSB Exempts Certain Co-operative and Rate-regulated Enterprises from the Financial Instruments Disclosure and Presentation Standards and Provides a One Year Deferral for Non-for-profit Organizations
This newsletter provides details of the recent AcSB decision to amend Section 3862, Financial Instruments — Disclosures, and Section 3863, Financial Instruments — Presentation, to exempt certain co-operative and rate-regulated enterprises from adoption of these standards and to allow a one year deferral for not-for-profit organizations.

2008-10-20 Accounting for Turbulent Times
This Newsletter contains a memorandum which highlights Canadian GAAP financial reporting issues that require special consideration as the result of the credit crunch and deteriorations in market conditions.

2008-10-20 Closing the GAAP: New Canadian GAAP Pronouncements Affecting 2008 Financial Statements (updated to September 30, 2008)
This Newsletter presents a summary of new Canadian GAAP pronouncements relevant to financial statements prepared for 2008 (updated to September 30, 2008 and including CICA Release No. 50, September 2008).

2008-10-20 Closing the GAAP: New Canadian GAAP Pronouncements Affecting 2009 Financial Statements (updated to September 30, 2008)
This Newsletter presents a summary of new Canadian GAAP pronouncements relevant to financial statements prepared for 2009 (updated to September 30, 2008 and including CICA Release No. 50, September 2008).

2008-10-20 Closing the GAAP: New US GAAP Pronouncements Affecting 2008 Financial Statements (includes developments to September 30, 2008)
This Newsletter presents a summary of new US GAAP pronouncements relevant to financial statements prepared for 2008 (includes developments to September 30, 2008).

2008-10-20 Closing the GAAP: New US GAAP Pronouncements Affecting 2009 Financial Statements (includes developments to September 30, 2008)
This Newsletter presents a summary of new US GAAP pronouncements relevant to financial statements prepared for 2009 (includes developments to September 30, 2008).

2008-10-17 Measuring and Disclosing the Fair Value of ABCP at September 30, 2008
This Newsletter provides general guidance on estimating the fair value of non bank sponsored asset backed commercial paper at September 30, 2008

2008-10-15 Amendments to IAS 39 and IFRS 7
This Newsletter describes the recent amendment by the IASB of the standards on reclassification of financial assets, IAS 39 and IFRS 7.

2008-10-03 Financial Instruments Standards Optional for Private Enterprises - Q&A
This Newsletter contains a memorandum which discusses in Q&A format the AcSB’s decision to make adoption of the financial instruments standards optional for private enterprises.

2008-09-30 Financial Instruments Standards Optional for Private Enterprises - Additional Guidance
Our newsletter 2008-78 announced the Accounting Standards Board's decision to make CICA Handbook Sections 3855 and 3865 optional for private enterprises. This newsletter provides further details of this decision.

2008-09-25 AcSB makes section 3855, financial instruments – recognition and measurement, and section 3865, hedging, optional for private eenterprises
This newsletter provides details on the AcSB decision to make CICA Handbook Sections 3855 and 3865 optional for private enterprises.

2008-07-31 FYI Accounting Standards -- July 2008
This Newsletter contains the July 2008 CICA FYI Accounting Standards Report.

2008-07-04 Closing the GAAP: New Canadian GAAP Pronouncements Affecting 2008 Financial Statements (updated to June 30, 2008)
This newsletter presents a summary of new Canadian GAAP pronouncements relevant to financial statements prepared for 2008 (updated to June 30, 2008 and including CICA Release No. 49, July 2008).

2008-07-04 Closing the GAAP: New Canadian GAAP Pronouncements Affecting 2009 Financial Statements (updated to June 30, 2008)
This newsletter presents a summary of new Canadian GAAP pronouncements relevant to financial statements prepared for 2009 (updated to June 30, 2008 and including CICA Release No. 49, July 2008).

2008-07-04 Closing the GAAP: New US GAAP Pronouncements Affecting 2008 Financial Statements (includes developments to June 30, 2008)
This Newsletter presents a summary of new US GAAP pronouncements relevant to financial statements prepared for 2008 (includes developments to June 30, 2008).

2008-07-04 Closing the GAAP: New US GAAP Pronouncements Affecting 2009 Financial Statements (includes developments to June 30, 2008)
This Newsletter presents a summary of new US GAAP pronouncements relevant to financial statements prepared for 2009 (includes developments to June 30, 2008).

2008-07-03 FYI Accounting Standards - June 2008
This Newsletter contains the June 2008 CICA FYI Accounting Standards Report.

2008-07-03 Update on Securities Regulators Proposals for Changing Rules on Acceptable GAAP
This Newsletter discusses developments in CSA staff views on issues addressed in CSA Concept Paper 52-402, Possible changes to securities rules relating to International Financial Reporting Standards.

2008-06-02 Amendments to Financial Instruments Standards
In our Newsletter 2008-016 we identified two exposure drafts issued by the CICA for comment. This Newsletter contains the decisions made by the AcSB with respect to these exposure drafts.

2008-06-03 Alberta Securities Commission's Oil and Gas Review 2007 Report
This Newsletter contains the Alberta Securities Commission's Oil and Gas Review 2007 Report

2008-05-23 Proposal that Canadian GAAP Be Accepted on EU Stock Markets until December 2011
This Newsletter provides further details on the two year extension and contains the full press release issued by the European Commission.

2008-05-13 OSC Staff Review of Compliance with Environmental Reporting Requirements
This newsletter provides a summary of the findings included in OSC Staff Notice 51-716 Environmental Reporting

2008-05-09 Disclosure of Expected Changes in Accounting Policies Related to Adopting IFRS as Canadian GAAP
This newsletter announces guidance from Canadian Securities Administrators relating to disclosure of expected changes in accounting policies relating to an issuer's changeover to International Financial Reporting Standards as the basis to preparing its finanacial statements.

2008-05-07 FYI Accounting Standards -- April 2008
This newsletter contains the April 2008 CICA FYI Accounting Standards Report.

2008-04-08 Accounting Standards Board Issues Long-Awaited IFRS Exposure Draft
This newsletter discusses the AcSB exposure draft, recently released for comment, which proposes to incorporate International Financial Reporting Standards into the CICA Handbook.

2008-04-03 Closing the GAAP: New US GAAP Pronouncements Affecting 2008 Financial Statements (includes developments to March 31, 2008)
This newsletter presents a summary of new US GAAP pronouncements relevant to financial statements prepared for 2008 (includes developments to March 31, 2008).

2008-04-03 Closing the GAAP: New US GAAP Pronouncements Affecting 2009 Financial Statements (includes developments to March 31, 2008)
This newsletter presents a summary of new US GAAP pronouncements relevant to financial statements prepared for 2009 (includes developments to March 31, 2008).

2008-04-02 Closing the GAAP: New Canadian GAAP Pronouncements Affecting 2008 Financial Statements (updated to March 31, 2008)
This newsletter presents a summary of new Canadian GAAP pronouncements relevant to financial statements prepared for 2008 (updated to March 31, 2008 and including CICA Release No. 48, February 2008).

2008-04-02 Closing the GAAP: New Canadian GAAP Pronouncements Affecting 2009 Financial Statements (updated to March 31, 2008)
This newsletter presents a summary of new Canadian GAAP pronouncements relevant to financial statements prepared for 2009 (updated to March 31, 2008 and including CICA Release No. 48, February 2008).

2008-03-05 Transition to IFRS for Pension Plans
This newsletter discusses the recent CICA Accounting Standards Board decision for pension plans to continue using Section 4100, Pension Plans, after the changeover to IFRS.

2008-02-14 IFRS Mandatory for Publicly Accountable Enterprises in 2011. Securities Regulators Proposing Changing Rules on Acceptable GAAP
This newsletter discusses rule changes on acceptable GAAP proposed by CSA in light of the Accounting Standards Board's confirmation that publicly accountable profit-oriented enterprises will be required to use IFRS in 2011.

2008-02-12 FYI Accounting Standards -- February 2008
This Newsletter contains the February 2008 CICA FYI Accounting Standards Report.

2008-02-07 Risk Alert -- CICA, February 2008
This Newsletter contains the February 2008 edition of the CICA Risk Alert.

2008-01-22 Financial Instruments - Exposure Drafts Issued for Comment
This Newsletter contains the highlights of two exposure drafts regarding financial instruments issued by the CICA for comment.

2008-01-11 Closing the GAAP: New Canadian GAAP Pronouncements Affecting 2007 Financial Statements (updated to December 31, 2007)
This newsletter presents a summary of new Canadian GAAP pronouncements relevant to financial statements prepared for 2007 (updated to December 31, 2008 and including CICA Release No. 47, December 2007).

2008-01-11 Closing the GAAP: New Canadian GAAP Pronouncements Affecting 2008 Financial Statements (updated to December 31, 2007)
This newsletter presents a summary of new Canadian GAAP pronouncements relevant to financial statements prepared for 2008 (updated to September 30, 2007 and including CICA Release No. 47, December 2007).

2008-01-11 Closing the GAAP: New Canadian GAAP Pronouncements Affecting 2009 Financial Statements (updated to December 31, 2007)
This newsletter presents a summary of new Canadian GAAP pronouncements relevant to financial statements prepared for 2009 (updated to December 31, 2007 and including CICA Release No. 47, December 2007).

2008-01-11 Closing the GAAP: New US GAAP Pronouncements Affecting 2007 Financial Statements (includes developments to December 31, 2007)
This newsletter presents a summary of new US GAAP pronouncements relevant to financial statements prepared for 2007 (includes developments to December 31, 2007).

2008-01-11 Closing the GAAP: New US GAAP Pronouncements Affecting 2008 Financial Statements (includes developments to December 31, 2007)
This newsletter presents a summary of new US GAAP pronouncements relevant to financial statements prepared for 2008 (includes developments to December 31, 2007).

2008-01-11 Closing the GAAP: New US GAAP Pronouncements Affecting 2009 Financial Statements (includes developments to December 31, 2007)
This newsletter presents a summary of new US GAAP pronouncements relevant to financial statements prepared for 2009 (includes developments to December 31, 2007).

2008-01-08 Public Sector Accounting Board Bulletin -- December 2007
This newsletter contains the Public Sector Accounting Board (PSAB) bulletin for December 2007.

2007-12-12 CICA 3862 and CICA 1535 Disclosures: New Requirements and Comparison with Existing Requirements
This newsletter provides an overview of the new capital and financial instruments disclosure standards, including illustrative examples, and a comparison between the existing disclosure requirements and CICA 1535 and CICA 3862.

2007-12-03 CICA Guidance on Financial Instruments for Private Companies
This newsletter contains CICA guidance on financial instruments for private companies.

2007-12-03 CICA Issues Draft Framework for Owner Managed Enterprises
This newsletter contains the highlights of the CICA draft Framework for Owner Managed Enterprises

2007-12-03 FYI Accounting Standards -- Special Edition 2007
This newsletter contains the 2007 Special Edition of the CICA's FYI Accounting Standards Report.

2007-11-23 SEC Takes Action to Improve Consistency of Disclosure to US Investors in Foreign Companies
The SEC has recently announced that it will accept IFRS financial statements from foreign private issuers in the US without reconciliation to US GAAP.

2007-11-20 OSC Corporate Finance Branch Report November 2007
This newsletter contains the Ontario Securities Commission's 2007 Corporate Finance Branch Report on its Continuous Disclosure Review Program.

2007-10-18 Similarities and Differences: A Comparison of IFRS and US GAAP (2007 Update)
For businesses wishing to understand the similarities and differences between US GAAP and IFRS, this newsletter spotlights a PwC publication comparing the two accounting languages.