Technical Updates

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

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

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.

Financial Reporting Release, August 2008
In this issue: The Future of IFRS, Canadian GAAP until the Transition to IFRS, CSA Views on Transitioning to IFRS, IFRS for Extractive and Rate-Regulated Enterprises, Canadian GAAP for Private Enterprises, Fair Value Accounting, Complexity in Accounting for Financial Instruments, Not-for-Profit Organizations, Emerging Issues Committee Abstracts, Appendix: IASB Projects in the Pipeline

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.

2008-05-09 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.

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.

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.

IFRS News -- March 2008
IFRS News is a monthly global publication that provides IASB technical updates and PwC insights into the impact of the adoption of International Financial Reporting Standards (IFRS) and may be helpful as you move toward conversion.

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.

IFRS News -- February 2008
IFRS News is a monthly global publication that provides IASB technical updates and PwC insights into the impact of the adoption of International Financial Reporting Standards (IFRS) and may be helpful as you move toward conversion.

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.

Financial Reporting Release, January 2008
In this issue: The Future of Canadian GAAP; The Future of US GAAP; Fair Value and Asset Backed Commercial Paper; Business Combinations; Non-Controlling Interest; Joint Ventures; Owners’ Equity; Rate-Regulated Enterprises; Rate-Regulated Enterprises; SOX North; OSC Continuous Disclosure Review; Emerging Issues Committee.

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 Issues Draft Framework for Owner Managed Enterprises
This newsletter contains the highlights of the CICA draft Framework for Owner Managed Enterprises

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.

2007-10-18 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.