2014-01-10 FYI Accounting Standards - Special Edition 2013

This Newsletter contains the Special Edition 2013 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.

This 2013 Special Edition includes the following topics:

Message from the Chair

Matters to Be Considered — 2013 and 2014 Fiscal Years

  • IFRS
    • Employee Benefits: Clarity of the Promise
    • Hedging: IASB Trims the Complexities
    • IFRS Discussion Group Issues Database
    • Investment Entities: Adoption Is Here at Last
    • Narrow-Scope Amendments to Be Included in the Handbook in the First Half of 2014
    • Pension Funds: Prepare to Adopt IFRSs
    • Reminder: IFRSs Effective in 2013
  • Private Enterprises
    • 2012 and 2013 Improvements
    • Discontinued Operations: Fewer Is Better
    • Employee Future Benefits: Transparent Reporting
  • Not-for-Profit Organizations
    • Employee Future Benefits: A Difference for Not-for-Profit Organizations
  • Pension Plans
    • Pension Plans: Enhancements for Fair Value

Current Activities

  • IFRS
    • Business Combinations: Room for Improvement?
    • IFRS Discussion Group
    • Rate-regulated Activities: Interim Guidance Arriving Soon in Canada
  • Private Enterprises
    • Biological Assets: Planting the Seed
    • Joint Arrangements and Investments: Change Is Coming
    • Proposed Revised Guidance for Subsidiaries
    • Redeemable Preferred Shares Issued in a Tax Planning Arrangement
    • Subsidiaries: Do You Use the Cost or Equity Method?
  • Not-for-Profit Organizations
    • Look How Far We’ve Come …

Changes to IFRSs

Documents for Comment Deadlines


A PDF version of the report is attached below. This information may be useful for audit committee reports and discussions with management on proposed accounting standards.