While no accounting bombshells have been dropped since our last Financial Reporting Release issue, some significant developments have taken place. To learn about these recent issues, an electronic copy of the January 2007 issue of Financial Reporting Release is attached below.
Topics covered include:
- The Future of Canadian GAAP
- Materiality
- Fair Value Measurements
- Proportionate Consolidation of Joint Ventures
- Income Trusts
- Financial Instrument and Capital Disclosures
- OSC Report Card
- SOX South
- Emerging Issues Committee (“EIC”) Abstracts
In addition, the appendix at the end of the newsletter features a summary and observations of the CICA's commentary and exposure draft on income trusts late last year.
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