Technical Updates

Financial Reporting Release, January 2012
In this issue we explain what the problems with transitioning to IFRS are, what the alternative might be and when it might happen.

Impairment of AFS Equity Instruments Under IFRS - Key Reminders for Year-end
In this memorandum, we provide key reminders for complying with the impairment requirements in IAS 39, Financial Instruments: Recognition and Measurement.

Financial Reporting Release, September 2011
In this issue, learn about Canada's crossover to IFRS, the trial balloon floated by the SEC about a different approach to IFRS conversion, IASB proposals to strengthen its processes and measures, the status of interim GAAP measures and more.

Financial Reporting Release, January 2011
It should come as no surprise that this issue targets the changeover to IFRS. In addition to recent accounting developments surrounding transition to the new reporting standards, we also remind you to nail down the implications of IFRS on your debt covenants.

Financial Reporting Release, August 2010
Topics in this issue include Deferring IFRS Transition for Investment Companies and Rate-Regulated Enterprises; Global GAAP Convergence; A Single Statement of Comprehensive Income; Revenue Recognition; Fair Value Measurement; Financial Instruments; Amortized Cost of Financial Instruments; Leases; Pensions; Insurance Contracts; Pension Plans; CSA Disclosure Reviews; Appendix – The IASB Work Plan.

Financial Reporting Release, January 2010
Topics in this issue include IFRS in Canada, Canadian GAAP for private enterprises, Canadian GAAP for pension plans, Canadian GAAP for not-for-profit organizations, and auditing standards in Canada.

2010-01-12 Available for Sale Equity Investments – Impairment Reminders
This newsletter provides reminders and frequently asked questions relating to impairment of available for sale (AFS) equity securities.

2009-11-20 The Fair Value Hierarchy Disclosures – Understanding and Applying Section 3862
This Newsletter contains a memorandum which provides guidance on understanding and applying the requirements in amended CICA Section 3862.

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.

Financial Reporting Release, August 2009
In this issue: The Future of Canadian GAAP, Crossing over to IFRS, Canadian GAAP for Private Enterprises, Reflections on the Financial Crisis, Global GAAP Convergence, Financial Instruments, Fair Value Measurement, Fair Value and Liquidity Disclosures, Investments in Debt Securities, Consolidation and Asset Derecognition, Rate-Regulated Activities, Income Taxes, Earnings per Share, Emerging Issues Committee Abstracts.

Financial Reporting Release, January 2009
In this issue: The Future of Canadian GAAP, The Future of Canadian GAAP – NPOs, The Future of US GAAP, Fair Value Accounting, Asset Impairment, Derecognition and Consolidation, Impact of Current Market Conditions on Disclosure, Discontinued Operations, Earnings Per Share, Revenue Recognition, Financial Statement Presentation, Financial Instruments – Canadian Private Enterprises, Emerging Issues Committee Abstracts

Tax Memo: The Move to IFRS: Tax Implications
The move to International Financial Reporting Standards (IFRS) from current Canadian Generally Accepted Accounting Principles (Canadian GAAP) will fundamentally change the way Canadian companies report their business results.