We would appreciate receiving a copy of the English translation of our comments.
|
|
- Monica Hill
- 6 years ago
- Views:
Transcription
1 5, Place Ville Marie, bureau 800, Montréal (Québec) H3B 2G2 T Téléc Montreal, May 30, 2017 Rebecca Villmann, CPA, CA, CPA (Illinois) Director, Accounting Standards Accounting Standards Board 277 Wellington Street West Toronto, Ontario M5V 3H2 Dear Ms. Villmann: Please find enclosed the comments of the Technical working group on NFPO Financial Accounting Part III of the Ordre des comptables professionnels agréés du Québec on the Exposure Draft entitled Accounting Standards Improvements for Not-for-Profit Organizations. We would appreciate receiving a copy of the English translation of our comments. Please note that neither the Ordre des comptables professionnels agréés du Québec nor any of the persons involved in preparing the comments shall have any liability in relation to their use and no guarantee whatsoever shall be provided regarding these comments, as specified in the following disclaimer. Yours truly, Annie Smargiassi, CPA auditor, CA Representative of the Technical working group on NFPO Financial Accounting Part III Encl. Disclaimer and comments
2 DISCLAIMER Subject to the conditions described herein, the documents prepared by the working groups of the Ordre des comptables professionnels agréés du Québec (the Order), hereinafter referred to as the comments, provide the opinion of members on statements of principles, documents for comment, associates drafts and final exposure drafts published by the Accounting Standards Board, Auditing and Assurance Standards Board, Public Sector Accounting Board, Risk Management and Governance Board, and other organizations. The comments submitted by the working groups should not be relied upon as a substitute for engagements entrusted to professionals with specialized knowledge in their field. It is important to note that the legislation, standards and rules on which the comments are based may change at any time and that, in some cases, the comments may be controversial. Neither the Order nor any person involved in preparing these comments shall have any liability in relation to their use, and no guarantee whatsoever shall be provided regarding these comments. These comments are not binding on the Order s working groups, or the Office of the syndic in particular. Users of the comments shall take full responsibility for, and assume all risks relating to, the use of the comments. They agree to release the Order from any claim for damages that could result from a decision they made based on these comments. They also agree not to mention the comments in the opinions they express or the positions they take. the Ordre des comptables professionnels agréés du Québec on the Exposure Draft entitled Accounting Standards Improvements for Not-for-Profit Organizations. 2
3 TERMS OF REFERENCE OF THE WORKING GROUP The terms of reference of the working group of the Ordre des comptables professionnels agréés du Québec are to collect and channel the views of practitioners and members in business, industry, government and education, as well as those of other persons working in related areas of expertise. For each exposure draft or other document reviewed, the working group members share the results of their analysis. Consequently, the comments below reflect the views expressed and, unless otherwise specified, all of the working group members agree on these comments. The Order does not act upon and is not responsible for the comments made. entitled Accounting Standards Improvements for Not-for-Profit Organizations. 3
4 GENERAL COMMENTS Revision of the conceptual framework The members expressed concerns about the fragmentation of the proposed revision to accounting standards for not-for-profit organizations (NFPOs). They understand that the AcSB wants to move forward quickly with certain changes proposed in the first phase of the revision project (hereinafter referred to as the revision ) that represent a consensus. The disadvantage of this approach, however, is that it does not allow for a revision of the conceptual framework for NFPOs to be completed first. For them, the conceptual framework is the cornerstone of the accounting standards that apply to NFPOs. The members are also concerned that the asset and liability model, originally put forward in the revision, was not discussed before the changes were proposed in the Exposure Draft. The members recognize that this model would not have any impact on this Exposure Draft, but they feel that it should have been discussed at the beginning of the NFPO accounting standards improvement process. They therefore reiterate their request to the AcSB that the conceptual framework for NFPO accounting standards s be revised. Most of the members feel that the conceptual framework for private enterprises is not necessarily applicable to NFPOs since the purpose of these entities is not to make a profit and generate value for shareholders but to achieve their mission while optimizing their resources. User needs are thus more focused on the statement of operations than the balance sheet. Net assets invested in capital assets Members also expressed concerns about the removal of the requirement to present net assets invested in capital assets on the face of the statement of financial position. According to them, even though many NFPOs present this information as an internal restriction, many users now mistakenly believe that net assets invested in capital assets are available for future projects when presented as a component of unrestricted net assets. The lack of understanding of this situation means that funders, who are less informed about accounting standards, may tend to reduce funding provided to NFPOs or to question their funding needs. In addition, they believe that multiplying the reporting entitled Accounting Standards Improvements for Not-for-Profit Organizations. 4
5 options and even allowing this information not to be presented weakens the comparability of financial statements in the not-for-profit sector. Several members consider that the relevancy of not separately identifying net assets invested in capital assets on the statement of financial position should be revised. These members feel that if asset impairment requirements are revised, reporting requirements for net assets invested in capital assets should also be revised. Distinction between Part II and Part III Certain members suggested that the AcSB develop complete and separate Parts II and III. According to these members, it is not always clear whether Part II applies and in what context it applies. In addition, many professionals usually do not consult Part II if Part III is silent on a topic. Some members suggested adding a clear table of concordance. Others suggested a complete Part III that is separate from Part II with a table of contents including all sections that could apply to an NFPO and references to sections of Part II, as appropriate. For example, it is not clear in Economic Dependence, Section 3841, that it does not apply to NFPOs and that the last sentence of paragraph addresses the issue. A separate Part III would mean that a section could be included in Part III with references to Part II for similar requirements, as is currently the case in Sections 3032 and In addition, the members recommend that the AcSB develop a mechanism for systematically analyzing Part II standards when issued or amended. They suggest a mechanism that would determine the applicability to NFPOs of requirements established by all new sections or amendments to existing sections of Part II. A separate Part III would also allow for more comprehensive accounting revision releases regarding the sections applicable to each type of entity. RESPONSES TO THE ACSB S SPECIFIC QUESTIONS 1. Do you agree that NFPOs should be directed to follow Property, Plant and Equipment, Section 3061, Impairment of Long Lived Assets, Section 3063, entitled Accounting Standards Improvements for Not-for-Profit Organizations. 5
6 Goodwill and Intangible Assets, Section 3064, and Asset Retirement Obligations, Section 3110 in Part II of the Handbook for tangible capital assets and intangible assets held by NFPOs, except for the guidance included in Sections 4433 and 4434 (see paragraphs and )? If not, why not? The members are not in agreement on this subject. Some members agree with the proposals regarding Property, Plant and Equipment, Section 3061, and Impairment of Long Lived Assets, Section Other members, however, believe that Parts II and III should be separate and different in their requirements regarding assets and their amortization and impairment. In their opinion, the conceptual framework should be revised. This could clearly highlight major differences in the applicable core principles. The members who disagree with the proposals believe that what NFPO financial statement users need is to understand how amounts received are spent based on the organization s goals and to evaluate its capacity to provide services. In their opinion, amortization (as well as impairment) is not an expense related to providing services, and therefore not useful for users. According to them, it would be better to have separate and different proposals for NFPOs and private entities. Indeed, certain NFPOs prepare their statement of operations by first indicating an excess of revenue over expenses before amortization and impairment and then showing their net surplus or deficit for the period. All members are concerned about the applicability of Goodwill and Intangible Assets, Section 3064, because Business Combinations, Section 1582, which results in the recognition of goodwill, does not apply to NFPOs (ref A). In light of current requirements, the members therefore do not agree with the proposals presented. It would be more relevant to have a different section in Part III that addresses intangible assets only in an NFPO context. The more-detailed Section 4434 could be used to meet this objective. 2. Tangible capital assets, intangible assets and collections would be written down to their fair value or replacement cost to reflect partial impairments. Do you agree with the following: entitled Accounting Standards Improvements for Not-for-Profit Organizations. 6
7 a) Tangible capital assets, intangible assets and collections should be written down to reflect partial impairments (see paragraphs , and ). If not, why not? Members agree with the general principles of these proposals, except for those regarding collections. They believe, however, that write-downs should be related to a reduction in the service potential associated with an asset and not to the fair value of tangible capital assets and intangible assets. The members do not agree on the recognition of impairments for collections. They believe that collections are held for purposes other than the provision of services, such as the safeguarding of assets. The members concluded that partial impairment could be applicable to collections, but only for those recorded at cost. For collections recorded at nominal value, no write-down would be applicable. They proposed that the wording be clarified accordingly (...collections recorded at cost should be written down...) if the AcSB decides to apply partial impairment to collections instead of no amortization at all. Members suggest that the AcSB look into the impairment of certain intangible assets that influence an organization s ability to provide services and ability to raise funds to provide these services, such as acquired lists of donors. The members also have concerns about issues related to the recognition of impairments of tangible capital assets and intangible assets, in particular the potential loss of grants and the impact on deferred contributions related to written-down assets. In addition, it is not necessarily easy for readers to understand the scope of these changes. Members suggested combining paragraphs (c) and to avoid redundancies. entitled Accounting Standards Improvements for Not-for-Profit Organizations. 7
8 Finally, members indicated that they were concerned about the differences that these provisions would create compared to accounting standards for public sector NFPOs and requested that the relevancy of these differences be explored. b) Tangible capital assets, intangible assets and collections should be written down to their fair value or replacement cost (see paragraphs , and ). If not, what value? Members agree with the proposal, except for collections. c) The list of indicators, which provide examples of conditions that may indicate impairment, would be helpful (see paragraphs , and ). If not, why not? The members unanimously agreed that the examples are helpful and necessary for them to exercise their judgment. They also mentioned that clarifications are required regarding the fact that the lists of examples are not exhaustive. 3. Do you foresee issues specific to NFPOs being required to consider the guidance in Property, Plant and Equipment, paragraph in Part II on componentization for tangible capital assets? If so, what are they? Yes, the members foresee issues with this proposal, summarized below. The members stated that, in practice, there are few private enterprises that allocate the cost of tangible capital assets to their component parts, and therefore this situation is fairly rare. The main reason for this is the insignificant impact on amortization. In addition, for practitioners, this principle requires a great deal of work. Members are also concerned about the impact on amortization of deferred contributions related to these assets and their components. Tracking deferred contributions per component would add an undesirable level of complexity in a context where NFPOs entitled Accounting Standards Improvements for Not-for-Profit Organizations. 8
9 have limited internal resources. Members asked themselves, for example, how a contribution would be allocated between several component parts. The members therefore question the addition of this requirement in a context where its application is currently rare in practice and where practitioners would have to use their judgment to determine its applicability. They also noted that the componentization of tangible capital assets has no impact on an organization s service potential, and that it should be re-examined in this context. As they believe that the costs of applying this provision would be greater than its benefits, they would have preferred that the AcSB justify why this proposal would be beneficial for NFPOs. If the AcSB moves forward with its proposals, the members believe that transitional provisions should be specified for initial application, as was the case when this requirement was introduced in IFRSs, or with the introduction of Part III ( ). 4. Do you agree that collections should be recorded on the statement of financial position at cost or nominal value (see paragraph )? If not, why not? The majority of members agree with this proposal. For some members, however, the cost of the items in a collection is not necessarily relevant. These members believe that the fair value at the date of contribution cannot be reliably measured in many situations. Consequently, all collections should be recorded at nominal value because they are not used to sustain services, often they cannot be sold, and the proceeds from the sale must be reinvested in the collection. Information on the nature of collections would address the needs of financial statement users. Members also wished for paragraph to be worded differently. They believe that only the first and last sentences should be kept in paragraph.06 in italics, as they are the only ones that specify the recommendations in relation to the basis of measurement. entitled Accounting Standards Improvements for Not-for-Profit Organizations. 9
10 The rest of the text that explains the policies should appear instead in the application guidance and not in the basic requirement. They would also like the following sentence to be clarified, When fair value cannot be reasonably determined, the items contributed to a collection shall be recorded at nominal value, as it is unclear whether all of the items in the collection must be recorded at nominal value, or only the item for which the fair value cannot be reasonably determined. The members mentioned that the use of the plural and singular in the paragraphs of Section 4441 should be revised to avoid application errors and foster more consistent application. For example, in paragraph.13, the use of the singular could lead to the interpretation that information must be disclosed separately for each collection. The members are unclear about the standard-setter s intention in this regard. 5. Do you think the proposals in Section 4441 would result in NFPOs reporting multiple collections? If so, what would be the rationale for reporting multiple collections? The use of the plural and singular throughout the section could lead to confusion. It is not clear whether the section is referring to a single collection or multiple collections and under what circumstances the requirements apply to the whole collection or to types of collections. The members support the presentation of a separate line item on the balance sheet, which would include all collections, with additional details in the notes to the financial statements. 6. Do you think that NFPOs with multiple collections should be permitted to value each collection differently (see paragraph )? Why? The majority of the members believe that only one accounting policy should be permitted for collections. entitled Accounting Standards Improvements for Not-for-Profit Organizations. 10
11 According to some members, however, an entity could hold several types of collections, and the chosen accounting policies should be coherent with the nature of each collection. They therefore propose that if collections of different natures are recorded differently, more than one type of collection must be presented on the balance sheet (on separate lines of the balance sheet), as is the case with investments in Balance Sheet, Section 1521, of Part II, or in the notes to the financial statements. 7. In accordance with the definition of a collection in Section 4441, the proceeds on disposal of items in a collection must be used to acquire more items in the collection or maintain the existing collection. a) Do you agree that on disposal of one or more items in a collection, whether by sale, destruction, loss or expropriation, the difference between the net proceeds on disposal and the net carrying amount should be recognized: i) in accordance with Contributions Revenue Recognition, Section 4410 for items contributed to a collection that are subject to external restrictions (see paragraph ); or ii) in the statement of operations for items in a collection that are not subject to external restrictions (see paragraph )? If not, how should it be recognized? The members unanimously agree with this proposal. b) How do you report cash received on disposal of items in a collection prior to acquiring more items or maintaining the existing collection (i.e., is the restricted cash separately identified on the statement of financial position or disclosed in the notes)? The members believe that the requirements in paragraph of Part II should be maintained. c) Cash Flow Statement, paragraph in Part II, requires disclosure of the amount of cash and cash equivalents for which the use is restricted. Are the disclosure requirements in paragraphs and (e) adequate to inform entitled Accounting Standards Improvements for Not-for-Profit Organizations. 11
12 users when the proceeds on disposal of items in a collection are internally restricted (i.e., must be used to acquire more items or maintain the existing collection) or externally restricted (i.e., donor stipulations on contributed items?) If not, what additional requirements are needed? The members believe that the disclosure requirements are adequate, except for paragraph (e). As the definition of a collection in paragraph.03(b) provides that proceeds must be subject to an internal policy that requires any proceeds from the sale of the items in a collection to be used to acquire more items or maintain the existing collection, the members questioned the relevance of adding how the proceeds were used to the requirements. 8. It is proposed that Sections 4433 and 4434 be applied prospectively in accordance with Accounting Changes, Section 1506 in Part II and with special transitional provisions. Do you agree with the following: a) Sections 4433 and 4434 should be applied prospectively (see paragraphs and ). If not, why not? The members agree with this proposal, except for paragraph They suggest removing the paragraph to be consistent with their proposal to remove the requirement for componentization of capital assets. b) NFPOs should be permitted to recognize an adjustment to opening net assets at the date Sections 4433 and 4434 are first applied, to reflect partial impairments of tangible capital assets and intangible assets existing at that date (see paragraphs and ). If not, why not? The members believe that paragraphs and are not clear as they use wording that causes confusion: a not-for-profit organization...is permitted to recognize. They suggest using clearer wording to explain how adjustments should be made, such as that used in paragraph : An organization shall recognize such adjustments directly in net assets at the date of transition to accounting standards for entitled Accounting Standards Improvements for Not-for-Profit Organizations. 12
13 not-for-profit organizations. It is not clear for members whether the proposed wording allows organizations any latitude. In addition, the use of the wording date this Section is first applied should also be clarified. It is not clear whether it is referring to the date the section is first applied for the fiscal year in which the new section becomes effective or to the first fiscal year affected by the section (which could be subsequent to the effective date of the new section). The members referred to paragraph Regarding paragraph [Translator s note: error in French section number], the members question the adjustment to opening net assets to reflect impairments of assets existing at the date the section is first applied, as a certain portion should appear in the statement of operations of the comparative year. c) NFPOs should be permitted to allocate the costs of tangible capital assets to their component parts based on: cost or fair value at the date of acquisition, or fair value or replacement cost at the date the Section is first applied (see paragraph ). If not, why not? The members reported that they agree with this proposal, insofar as their proposal to remove the derecognition requirement is not retained. 9. It is proposed that Section 4441 be applied retrospectively in accordance with Accounting Changes, Section 1506 in Part II and with special transitional provisions. a) Do you agree that Section 4441 should be applied retrospectively (see paragraph )? If not, why not? The members foresee significant application issues, especially as regards the search for information required for the application of the transitional provisions. They prefer a prospective application. entitled Accounting Standards Improvements for Not-for-Profit Organizations. 13
14 If the AcSB moves forward with this proposal, the members would like the following wording to be defined or clarified: date this Section is applied, effective date of this Section, date this Section is first applied, and early adoption date. In addition, they believe a link should be made with First-Time Adoption by Not-For-Profit Organizations, Section The members also noted that organizations applying Part III for the first time will have the same application issues as those that are applying the provisions of the new Section but not applying Part III for the first time. They had questions, for example, about the proper treatment for items in a collection that were held in 2018 and then sold in 2019, and would like clarification to be provided on such a situation. The members asked for clarification and expressed concern about the consideration to be recorded when an NFPO that was not previously recording collections decides to record them under the proposed section. Thus, when the organization does not report net assets invested in capital assets, and no net assets invested as a collection are presented on the balance sheet, the impact of recognizing an additional amount in unrestricted net assets may be misunderstood and misinterpreted by funders or users, who often do not have the knowledge required to adequately analyze the financial statements of such entities. The members suggested that a net asset item be created to disclose net assets invested as a collection (to present the correction), besides reestablishing the requirement of presenting net assets invested in capital assets. b) Do you agree with the proposed transition relief for measuring collections at cost (see paragraphs )? If not, why not? The members believe that the last subparagraph of paragraph should be inserted elsewhere than in the transitional provisions as it addresses the accounting policy for collections and will be applicable to all situations and not only for the application of the transitional provisions. entitled Accounting Standards Improvements for Not-for-Profit Organizations. 14
15 c) Do you think the proposed transition relief for measuring collections at cost will encourage more NFPOs to use the cost method? If not, what would make a transition to the cost method easier? The members are more supportive of the use of the nominal value. 10. Do you agree with the proposed effective date (i.e., fiscal years beginning on or after January 1, 2019) (see paragraphs , , and )? If not, why not? According to the members, a retrospective application could not be applied less than 18 months from the date the new requirements are issued. The proposed issuance of December 2017 should allow for application in the fiscal years beginning on or after April 1, 2020, at the earliest, so that the new requirements can be evaluated, the information required for their application can be obtained, and the explanations required for financial statement analysis can be provided to users. In addition, auditor members reported that this time frame did not give them enough time to inform and train clients and practitioners by the required date as it would have to be done in addition to searching for information and analyzing it. They believe that the proposed date of January 1, 2019, would be possible if a prospective application were proposed. 11. Given that many NFPOs have March 31st fiscal year ends, would an effective date of April 1st be preferable for these and future proposals? Why? The members consider that an application effective for fiscal years beginning on April 1, 2020, would be ideal. 12. Do NFPOs need more than one year to implement the proposed changes in Sections 4433, 4434 and 4441? If so, how long and why? entitled Accounting Standards Improvements for Not-for-Profit Organizations. 15
16 Yes, the members believe that NFPOs need more than one year to train staff and clients and search for information. They propose a period of 18 months. OTHER COMMENTS Terminology The members identified errors in the choice of words used in certain paragraphs and provided the following replacement suggestions: Text proposed by the AcSB An organization shall disclose whether the write down recognized in accordance with paragraph is measured at the asset s fair value or replacement cost. Text proposed by the Order s working group An organization shall disclose whether the write down recognized in accordance with paragraph is measured at based on the asset s fair value or replacement cost. This comment also applies to paragraph The members said that they reviewed the English version and that the comment also applies to it. They specified that it is not due to a translation error. Exemption for small NFPOs Some members believe that the exemption mentioned in paragraph.03 of proposed Section 4433 should be removed. They feel, however, that the AcSB will reconsider these proposals as a next step. It could be worthwhile to add an indication regarding the AcSB s proposed action plan in the document entitled Background Information and Basis for Conclusions. entitled Accounting Standards Improvements for Not-for-Profit Organizations. 16
TRANSLATION. We would appreciate receiving a copy of the English translation of our comments.
5, Place Ville Marie, bureau 800, Montréal (Québec) H3B 2G2 T. 514 288.3256 1 800 363.4688 Téléc. 514 843.8375 www.cpaquebec.ca TRANSLATION June 13, 2017 Michael Puskaric, CPA, CMA Director, Public Sector
More informationAccounting Standards Improvements for Not-for-Profit Organizations. Responses to Exposure Draft
Accounting Standards Improvements for Not-for-Profit Organizations Responses to Exposure Draft February 2017 Accounting Standards Improvements for Not-for-Profit Organizations Responses to Exposure Draft
More informationRetractable or Mandatorily Redeemable Shares Issued in a Tax Planning Arrangement (Proposed amendments to Sections 1591, 3251 and 3856)
Exposure Draft Proposed Accounting Standards for Private Enterprises Retractable or Mandatorily Redeemable Shares Issued in a Tax Planning Arrangement (Proposed amendments to Sections 1591, 3251 and 3856)
More informationFinancial Reporting Alert
Financial Reporting Alert ASPE DECEMBER 2017 2017 Annual Improvements to Accounting Standards for Private Enterprises In July 2017, the Accounting Standards Board (AcSB) released the 2017 annual improvements
More informationRe: Draft Guideline IFRS 9 Financial Instruments and Disclosures
277 Wellington Street West, Toronto, ON Canada M5V 3H2 Tel: (416) 977-3222 Fax: (416) 204-3412 www.frascanada.ca 277 rue Wellington Ouest, Toronto (ON) Canada M5V 3H2 Tél: (416) 977-3222 Téléc : (416)
More informationAccounting Standards Improvements for Not-for-Profit Organizations
Basis for Conclusions Accounting Standards Improvements for Not-for-Profit Organizations March 2018 CPA Canada Handbook Accounting, Part III Prepared by the staff of the Accounting Standards Board Foreword
More informationRe: Exposure Draft - Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts (Proposed amendments to IFRS 4) (ED/2015/11)
277 Wellington Street West, Toronto, ON Canada M5V 3H2 Tel: (416) 977-3222 Fax: (416) 204-3412 www.frascanada.ca 277 rue Wellington Ouest, Toronto (ON) Canada M5V 3H2 Tél: (416) 977-3222 Téléc : (416)
More informationResponses to the specific questions outlined in the Guide for Respondents section of the Exposure Draft, are as follows:
Chartered Professional Accountants of Canada 277 Wellington Street West Toronto ON CANADA M5V 3H2 T. 416 977.3222 F. 416 977.8585 www.cpacanada.ca Comptables professionnels agréés du Canada 277, rue Wellington
More informationSeptember 24, Submitted electronically via
277 Wellington Street West, Toronto, ON Canada M5V 3H2 Tel: (416) 977-3322 Fax: (416) 204-3412 www.frascanada.ca 277 rue Wellington Ouest, Toronto (ON) Canada M5V 3H2 Tél: (416) 977-3322 Téléc : (416)
More informationApril 12, Submitted electronically via
277 Wellington Street West, Toronto, ON Canada M5V 3H2 Tel: (416) 977-3222 Fax: (416) 204-3412 www.frascanada.ca 277 rue Wellington Ouest, Toronto (ON) Canada M5V 3H2 Tél: (416) 977-3222 Téléc: (416) 204-3412
More informationAudit & Assurance Alert
Audit & Assurance Alert CANADIAN STANDARD ON REVIEW ENGAGEMENTS (CSRE) JUNE 2016 STANDARD DISCUSSED CSRE 2400, Engagements to Review Historical Financial Statements This CPA Canada Audit & Assurance Alert
More informationBackground Information and Basis for Conclusions Sections 3051 and 3056 CPA Canada Handbook Accounting, Part II
Joint Arrangements Background Information and Basis for Conclusions Sections 3051 and 3056 CPA Canada Handbook Accounting, Part II Foreword In September 2014, the Accounting Standards Board (AcSB) released
More informationRe: Retractable or Mandatorily Redeemable Shares Issued in a Tax Planning Arrangement Exposure Draft (ED)
January 15, 2018 Rebecca Villmann, CPA, CA, CPA (Illinois) Director, Accounting Standards Accounting Standards Board 277 Wellington Street West Toronto, ON M5V 3H2 Dear Ms. Villmann: Re: Retractable or
More informationACCOUNTING STANDARDS FOR NOT-FOR-PROFIT ORGANIZATIONS (ASNPO) UPDATE 2018
SEPTEMBER 2018 WWW.BDO.CA ASSURANCE AND ACCOUNTING ACCOUNTING STANDARDS FOR NOT-FOR-PROFIT ORGANIZATIONS (ASNPO) UPDATE 2018 Introduction It was a busy year for the Accounting Standards Board (AcSB) and
More informationMay 24, Submitted electronically via
Financial Reporting and Standards Canada 277 Wellington Street West, Toronto, ON Canada M5V 3H2 T. 416 977.3222 C. 416 204.3412 www.frascanada.ca May 24, 2017 Submitted electronically via www.ifrs.org
More informationFinancial Reporting Alert
Financial Reporting Alert ASPE MARCH 2016 2015 Annual Improvements to Accounting Standards for Private Enterprises In October 2015, the Accounting Standards Board (AcSB) released the 2015 annual improvements
More informationNot-for-Profit Organizations in the Private Sector
Not-for-Profit Organizations in the Private Sector Accounting Standards Exposure Draft Linda Mezon, FCPA, FCA Chair, Accounting Standards Board Agenda Background AcSB s strategy for private sector NFPOs
More informationAugust 15, Dear Ms Youck and Ms. Brosseau, RE: Proposed National Instrument Continuous Disclosure Obligations
Chartered Accountants of Canada Comptables agréés du Canada The Canadian Institute of Chartered Accountants 277 Wellington Street West Toronto, Ontario Canada M5V 3H2 Tel: (416) 977-3222 Fax: (416) 977-8585
More informationAccounting Standards Improvements for Not-for- Profit Organizations
Accounting Standards Improvements for Not-for- Profit Organizations Special edition of Flash April 2017 Flash bulletins provide a summary of the most recent news and publications from standard setters
More informationRe: Exposure Draft, Classification and Measurement: Limited Amendments to IFRS 9 IASB Reference ED 2012/4
277 Wellington Street West, Toronto, ON Canada M5V 3H2 Tel: (416) 977-3322 Fax: (416) 204-3412 www.frascanada.ca 277 rue Wellington Ouest, Toronto (ON) Canada M5V 3H2 Tél: (416) 977-3322 Téléc : (416)
More informationApril 8, Page 1 of 6
Chartered Professional Accountants of Canada 277 Wellington St. West Toronto, ON M5V 3H2 Comptables professionnels agréés du Canada 277, rue Wellington Ouest Toronto (Ontario) M5V 3H2 Tel/Tél. : 416 977.3222
More informationRe: Clarifications to IFRS 15 (ED/2015/6)
277 Wellington Street West, Toronto, ON Canada M5V 3H2 Tel: (416) 977-3222 Fax: (416) 204-3412 www.frascanada.ca 277 rue Wellington Ouest, Toronto (ON) Canada M5V 3H2 Tél: (416) 977-3222 Téléc : (416)
More informationRe: Investment Entities: Applying the Consolidation Exception (Proposed amendments to IFRS 10 and IAS 28) (ED/2014/2)
277 Wellington Street West, Toronto, ON Canada M5V 3H2 Tel: (416) 977-3322 Fax: (416) 204-3412 www.frascanada.ca 277 rue Wellington Ouest, Toronto (ON) Canada M5V 3H2 Tél: (416) 977-3322 Téléc : (416)
More information2017 Annual Improvements to Accounting Standards for Private Enterprises
Basis for Conclusions 2017 Annual Improvements to Accounting Standards for Private Enterprises July 2017 CPA Canada Handbook Accounting, Part II Prepared by the staff of the Accounting Standards Board
More informationRe: Exposure Draft, Financial Instruments: Expected Credit Losses IASB Reference ED/2013/3
277 Wellington Street West, Toronto, ON Canada M5V 3H2 Tel: (416) 977-3322 Fax: (416) 204-3412 www.frascanada.ca 277 rue Wellington Ouest, Toronto (ON) Canada M5V 3H2 Tél: (416) 977-3322 Téléc : (416)
More informationRe: Exposure Draft, Regulatory Deferral Accounts IASB Reference ED/2013/5
277 Wellington Street West, Toronto, ON Canada M5V 3H2 Tel: (416) 977-3322 Fax: (416) 204-3412 www.frascanada.ca 277 rue Wellington Ouest, Toronto (ON) Canada M5V 3H2 Tél: (416) 977-3322 Téléc : (416)
More informationMr. John Stanford Technical Director International Public Sector Accounting Standards Board International Federation of Accountants
December 19, 2016 Mr. John Stanford Technical Director International Public Sector Accounting Standards Board International Federation of Accountants 277 Wellington Street West Toronto, ON M5V 3H2 Canada
More informationAccounting for Related Party Financial Instruments and Significant Risk Disclosures
Basis for Conclusions Accounting for Related Party Financial Instruments and Significant Risk Disclosures December 2018 CPA Canada Handbook Accounting, Part II Prepared by the staff of the Accounting Standards
More informationWe commend the IASB for its efforts to address standards implementation issues.
277 Wellington Street West, Toronto, ON Canada M5V 3H2 Tel: (416) 977-3322 Fax: (416) 204-3412 www.frascanada.ca 277 rue Wellington Ouest, Toronto (ON) Canada M5V 3H2 Tél: (416) 977-3322 Téléc : (416)
More informationBasis for Conclusions. Financial Instruments Section PS July 2011 PSAB. Page 1 of 16
Financial Instruments Section PS 3450 July 2011 PSAB Page 1 of 16 FOREWORD CICA Public Sector Accounting Handbook Revisions Release No. 34, issued in June 2011, included a new standard, FINANCIAL INSTRUMENTS,
More informationRe: Comments on Exposure Draft 40, Intangible Assets
The Canadian Institute of Chartered Accountants 277 Wellington St. West Toronto, ON M5V 3H2 L Institut Canadien des Comptables Agréés 277, rue Wellington Ouest Toronto (Ontario) M5V 3H2 Tel/Tél. : 416
More informationSummary Comparison of New Accounting Standards for Private Enterprises. (Part II of the revised CICA Handbook Accounting) to XFI Version (Part V)
Summary Comparison of New Accounting Standards for Private Enterprises ( of the revised CICA Handbook Accounting) to XFI Version (Part V) 16 The CICA s Guide to Accounting Standards About this Comparison
More informationAccounting Standards for Private Enterprises (ASPE) Briefing
Accounting Standards for Private Enterprises (ASPE) Briefing AMALGAMATIONS OF WHOLLY-OWNED ENTERPRISES Primary Standards: Section 3840, Related Party Transactions Related Standards: Section 1500, First-time
More informationRe: Invitation to Comment on Exposure Draft Redeemable Preferred Shares Issued in a Tax Planning Arrangement.
Deloitte LLP 2 Queen Street East Suite 1200 Toronto ON M5C 3G7 Canada Tel: 416-601-6150 Fax: 416-601-6151 www.deloitte.ca by email: ed.accounting@cpacanada.ca Ms. Rebecca Villmann, Director, Accounting
More informationAuditing Accounting Estimates and Related Disclosures
Exposure Draft Proposed Canadian Auditing Standard Auditing Accounting Estimates and Related Disclosures May 2017 COMMENTS TO THE AASB MUST BE RECEIVED BY July 7, 2017 COMMENTS TO THE IAASB MUST BE RECEIVED
More informationWhat's New in Accounting Standards?
PROFESSIONAL DEVELOPMENT PROGRAM What's New in Accounting Standards? COPYRIGHT Accounting Standards Board All rights reserved. No part of this publication/course material may be reproduced, stored in a
More informationEmployee Future Benefits
Employee Future Benefits CICA Handbook Accounting, Part II Section 3462 Background Information and Basis for Conclusions Foreword In May 2013, the Accounting Standards Board (AcSB) released EMPLOYEE FUTURE
More informationAsset Retirement Obligations
Basis for Conclusions Asset Retirement Obligations August 2018 Section PS 3280 CPA Canada Public Sector Accounting Handbook Prepared by the staff of the Public Sector Accounting Board Foreword CPA Canada
More informationRe: Request for Information: Comprehensive Review of the IFRS for SMEs
International Accounting Standards Board 30 Cannon Street London EC4M 6XH United Kingdom Dear Sirs, 29 November 2012 Re: Request for Information: Comprehensive Review of the IFRS for SMEs The Institute
More informationP O Box Lynnwood Ridge 0040 Tel Fax
P O Box 74129 Lynnwood Ridge 0040 Tel. 011 697 0660 Fax. 011 697 0666 Technical Director International Public Sector Accounting Standards Board International Federation of Accountants 277 Wellington Street,
More informationIFAC IPSASB Meeting Agenda Paper 5.0 February 2009 Paris, France Page 1 of 43
Agenda Paper 5.0 February 2009 Paris, France Page 1 of 43 INTERNATIONAL FEDERATION OF ACCOUNTANTS 545 Fifth Avenue, 14th Floor Tel: (212) 286-9344 New York, New York 10017 Fax: (212) 286-9570 Internet:
More informationFinancial Reporting Alert
Financial Reporting Alert IFRS NOVEMBER 2015 IFRS Year-End Round-Up 2015 New Standards, Interpretations, Narrow Scope Amendments and Annual Improvements International Financial Reporting Standards (IFRSs)
More informationJanuary 24, The Secretary Ontario Securities Commission 20 Queen Street West 22nd Floor Toronto, Ontario M5H 3S8
Chartered Professional Accountants of Canada 277 Wellington Street West Toronto ON CANADA M5V 3H2 T. 416 977.3222 F. 416 977.8585 www.cpacanada.ca Comptables professionnels agréés du Canada 277, rue Wellington
More informationIFRS Discussion Group
IFRS Discussion Group Report on the Public Meeting May 14, 2015 The IFRS Discussion Group is a discussion forum only. The Group s purpose is to assist the Accounting Standards Board (AcSB) regarding the
More informationExposure Draft 53 First time Adoption of Accrual Basis International Public Sector Accounting Standards (IPSASs)
Tel +44 (0)20 7694 8871 8 Salisbury Square Fax +44 (0)20 7694 8429 London EC4Y 8BB katja.vanderkuij-groenberg.@kpmgifrg.com United Kingdom Ms Stephanie Fox Technical Director International Public Sector
More informationSeptember 27, Susan M. Cosper Technical Director Financial Accounting Standards Board 401 Merritt 7 P.O. Box 5116 Norwalk, CT
September 27, 2017 Susan M. Cosper Technical Director Financial Accounting Standards Board 401 Merritt 7 P.O. Box 5116 Norwalk, CT 06856-5116 File Reference No. Topic 2017-270: Dear Ms. Cosper: The Financial
More informationPublic Private Partnerships. Responses to Exposure Draft
Public Private Partnerships Responses to Exposure Draft July 2017 Public Private Partnerships Responses to Exposure Draft Table of Contents Response No. Organization Contact Person Page No. 1 Metrolinx
More informationJanuary Technical Bulletin
January 2014 Technical Bulletin TECHNICAL BULLETIN JANUARY 2014 1 TABLE OF CONTENTS 1. ACCOUNTING... 2 2. ASSURANCE... 11 This technical bulletin covers the various developments from October to December
More informationRe: IASB Request for information: Comprehensive review of the IFRS for SMEs
Mr Hans Hoogervorst Chairman International Accounting Standards Board 30 Cannon Street GB LONDON EC4M 6XH E-mail: commentletters@ifrs.org 14 December 2012 Ref.: FRP/PRJ/TSI/IDS Dear Chairman, Re: IASB
More informationFinancial Reporting Alert
Financial Reporting Alert ASPE JULY 2017 Subsidiaries, Investments and Interests in Joint Arrangements In December 2016, the Accounting Standards Board (AcSB) issued amendments to the following Sections
More informationVIA Tax Policy Branch Department of Finance Canada 90 Elgin Street Ottawa, Ontario K1A 0G5
Chartered Professional Accountants of Canada 277 Wellington Street West Toronto ON CANADA M5V 3H2 T. 416 977.3222 F. 416 977.8585 www.cpacanada.ca Comptables professionnels agréés du Canada 277, rue Wellington
More informationAmerican Institute of CPAs 1455 Pennsylvania Avenue, NW Washington, DC September 23, 2014
American Institute of CPAs 1455 Pennsylvania Avenue, NW Washington, DC 20004 Mr. David R. Bean Director of Research and Technical Activities Project No. 34-1NTP Governmental Accounting Standards Board
More informationIntangibles Goodwill and Other Internal-Use Software (Subtopic )
Proposed Accounting Standards Update Issued: March 1, 2018 Comments Due: April 30, 2018 Intangibles Goodwill and Other Internal-Use Software (Subtopic 350-40) Customer s Accounting for Implementation Costs
More informationRe: Exposure Draft ED/2015/8 Application of Materiality to Financial Statements
February 26, 2016 Mr. Hans Hoogervorst Chairman International Accounting Standards Board 30 Cannon Street London EX 4M 6XH United Kingdom Sent by email to: commentletters@ifrs.org Ms. Rebecca Villmann
More informationProposed International Public Sector Accounting Standard XX (ED 53) on
2 Meeting Meeting Location: International Public Sector Accounting Standards Board Toronto, Canada Meeting Date: September 16 19, 2013 Agenda Item 2 For: Approval Discussion Information Proposed International
More informationTHE YMCAs OF QUÉBEC FOUNDATION
Financial statements of THE YMCAs OF QUÉBEC FOUNDATION December 31, 2012 and December 31, 2011 Table of contents Independent auditor s report... 1-2 Statements of operations... 3-4 Statements of changes
More informationHighlights of Section 1591
www.bdo.ca Assurance and accounting ASPE Practice Aid: Section 1591, Subsidiaries New Section 1591, Subsidiaries establishes standards on how to account for subsidiaries in general purpose financial statements.
More informationComments on DISCUSSION PAPER Measurement Bases for Financial Accounting Measurement on Initial Recognition
The Japanese Institute of Certified Public Accountants 4-4-1, Kudan-Minami, Chiyoda-ku, Tokyo 102-8264, Japan Phone: 81-3-3515-1130 Fax: 81-3-5226-3355 e-mail: chousa1@jicpa.or.jp http://www.jicpa.or.jp/
More informationOctober 14, Ms. Susan M. Cosper Technical Director Financial Accounting Standards Board 401 Merritt 7 Norwalk, CT
Deloitte & Touche LLP Ten Westport Road PO Box 820 Wilton, CT 06897-0820 Tel: +1 203 761 3000 www.deloitte.com Ms. Susan M. Cosper Technical Director Financial Accounting Standards Board 401 Merritt 7
More informationExposure Draft ED 2015/6 Clarifications to IFRS 15
Hans Hoogervorst Chairman International Accounting Standards Board 30 Cannon Street London United Kingdom EC4M 6XH Deloitte Touche Tohmatsu Limited 2 New Street Square London EC4A 3BZ United Kingdom Tel:
More informationTIC has reviewed the ED and is providing the following comments for your consideration. GENERAL COMMENTS
December 9, 2015 Susan M. Cosper, CPA Technical Director FASB 401 Merritt 7 PO Box 5116 Norwalk, CT 06856 5116 Re: September 24, 2015 Exposure Draft of a Proposed Accounting Standards Update (ASU), Notes
More informationSir David Tweedie International Accounting Standards Board 30 Cannon Street, London EC4M 6XH 13 September 2002
Chairman Ss Fax: +44 207 246 6411 Sir David Tweedie International Accounting Standards Board 30 Cannon Street, London EC4M 6XH 13 September 2002 Re: Exposure Draft of proposed Improvements to International
More informationFile Reference No. PCC-13-01B Re: Proposed Accounting Standards Update Accounting for Goodwill
Deloitte & Touche LLP Ten Westport Road P.O. Box 820 Wilton, CT 06897-0820 August 23, 2013 Tel: +1 203 761 3000 Fax: +1 203 834 2200 www.deloitte.com Ms. Susan M. Cosper Technical Director Financial Accounting
More informationRequest for Information Comprehensive Review of the IFRS for SMEs. response to request. 3 December 2012
Request for Information Comprehensive Review of the IFRS for SMEs response to request 3 December 2012 CIPFA, the Chartered Institute of Public Finance and Accountancy, is the professional body for people
More informationReport of the Auditor General of Québec to the National Assembly for
Report of the Auditor General of Québec to the National Assembly for 2010-2011 Special report dealing with the watch over the projects to modernize Montréal s University Health Centers Highlights Cover
More informationDecember 10, International Accounting Standards Board 30 Cannon Street London EC4M 6XH United Kingdom
December 10, 2012 International Accounting Standards Board 30 Cannon Street London EC4M 6XH United Kingdom RE: IFRS for SMEs Comprehensive Review - Request for Information Dear Board Members, The Group
More informationHydro-Québec Trust for Management of Nuclear Fuel Waste. Financial Statements December 31, 2015 (expressed in Canadian dollars)
Hydro-Québec Trust for Management of Nuclear Fuel Waste Financial Statements December 31, 2015 March 15, 2016 Independent Auditor s Report To the Trustee of Hydro-Québec Trust for Management of Nuclear
More informationWe welcome the work achieved by IFRIC to develop accounting guidance applicable to service concession contracts.
Date Le Président Fédération Av. d Auderghem 22-28 des Experts 1040 Bruxelles 20 June 2005 Comptables Tél. 32 (0) 2 285 40 85 Européens Fax: 32 (0) 2 231 11 12 E-mail: secretariat@fee.be Mr. Robert Garnett
More informationProposed Accounting Standards Update, Intra-Entity Asset Transfers (File Reference No )
Ernst & Young LLP 5 Times Square New York, NY 10036 Tel: +1 212 773 3000 ey.com Ms. Susan M. Cosper Technical Director Financial Accounting Standards Board 401 Merritt 7 P.O. Box 5116 Norwalk, CT 06856-5116
More informationConcord Securities Co., Ltd. and Subsidiaries
Concord Securities Co., Ltd. and Subsidiaries Consolidated Financial Statements for the Years Ended, 2017 and 2016 and Independent Auditors Report DECLARATION OF CONSOLIDATION OF FINANCIAL STATEMENTS OF
More informationIESBA Meeting (December 2018) Agenda Item. Alignment of Part 4B with ISAE 3000 (Revised) Proposed Revisions to the Code
Agenda Item 12-A Alignment of Part 4B with ISAE 3000 (Revised) Proposed Revisions to the Code Introduction 1. The purpose of this paper is to seek the views of the IESBA on the revisions that the Part
More informationHydro-Québec Trust for Management of Nuclear Fuel Waste. Financial Statements December 31, 2016 (expressed in Canadian dollars)
Hydro-Québec Trust for Management of Nuclear Fuel Waste Financial Statements December 31, 2016 March 28, 2017 Independent Auditor s Report To the Trustee of Hydro-Québec Trust for Management of Nuclear
More informationInternational Accounting Standards Board 30 Cannon Street London EC4M 6XH UK. Cc: EFRAG. Oslo, November 29, Dear Sir/Madam
International Accounting Standards Board 30 Cannon Street London EC4M 6XH UK Cc: EFRAG Oslo, November 29, 2012 Dear Sir/Madam Request for Information: Comprehensive Review of the IFRS for SMEs We appreciate
More informationDiscussion Paper DP/2013/1 A Review of the Conceptual Framework for Financial Reporting
International Accounting Standards Board 30 Cannon Street London EC4M 6XH United Kingdom Stockholm 9 January, 2014 Discussion Paper DP/2013/1 A Review of the Conceptual Framework for Financial Reporting
More informationOur response to specific questions as well as general comments, are attached.
February 20, 2004 E- Mail: ed.psector@cica.ca File: 21720-40 Ron Salole, Director Public Sector Accounting The Canadian Institute of Chartered Accountants 277 Wellington Street West Toronto Ontario M5V
More informationODYSSEY RESOURCES LIMITED
ODYSSEY RESOURCES LIMITED FINANCIAL STATEMENTS Years ended December 31, 2017 and 2016 In United States dollars Independent Auditor s Report To the Shareholders of Odyssey Resources Limited Raymond Chabot
More informationFPSC SUMMARY OF STATEMENTS. March 31, 2016
FPSC SUMMARY OF STATEMENTS Report of the Independent Auditor on the Summary TO THE MEMBERS OF THE FINANCIAL PLANNING STANDARDS COUNCIL The accompanying summary financial statements, which comprise the
More informationDeutsches Rechnungslegungs Standards Committee e.v. Accounting Standards Committee of Germany
e. V. Zimmerstr. 30 10969 Berlin Mr Hans Hoogervorst Chairman of the International Accounting Standards Board 30 Cannon Street London EC4M 6XH United Kingdom IFRS Technical Committee Telefon: +49 (0)30
More informationOctober 16, Mail to:
Deloitte & Touche LLP 695 East Main Street Stamford, CT 06901-2150 75201-6778 USA Tel: +1 203 708 4000 Fax: +1 203 705 5455 www.deloitte.com Mr. Samuel L. Burke Chair, Professional Ethics Executive Committee
More information3 June Dear Ms Fox
Level 7, 600 Bourke Street MELBOURNE VIC 3000 Postal Address PO Box 204 Collins Street West VIC 8007 Telephone: (03) 9617 7600 Facsimile: (03) 9617 7608 3 June 2013 Ms Stephenie Fox Technical Director
More information8 June Re: FEE Comments on IASB/FASB Phase B Discussion Paper Preliminary Views on Financial Statement Presentation
8 June 2009 Sir David Tweedie Chairman International Accounting Standards Board 30 Cannon Street London EC4M 6XH United Kingdom E-mail: commentletters@iasb.org Ref.: ACC/HvD/LF/SR Dear Sir David, Re: FEE
More informationISSUED. September ISSUED
New and Proposed Changes to ASPE Sections for the Two Years Ended NEW AND AMENDED STANDARDS 2014 Improvements to Accounting Standards for Private Enterprises (Amendment) 2013 Improvements to Accounting
More informationIFRS Discussion Group Report on the Public Meeting January 12, 2012
IFRS Discussion Group Report on the Public Meeting January 12, 2012 The IFRS Discussion Group is a discussion forum only. The Group s purpose is to assist the Accounting Standards Board (AcSB) regarding
More informationTaita Chemical Co., Ltd. and Subsidiaries
Taita Chemical Co., Ltd. and Subsidiaries Consolidated Financial Statements for the Years Ended, 2017 and 2016 and Independent Auditors Report DECLARATION OF CONSOLIDATION OF FINANCIAL STATEMENTS OF AFFILIATES
More informationBusiness Combinations: Applying the Acquisition Method Board Meeting Handout. October 18, 2006
Business Combinations: Applying the Acquisition Method Board Meeting Handout October 18, 2006 The purpose of this Board meeting is to discuss the following topics as a part of the redeliberations of the
More informationFile Reference No Re: Proposed Accounting Standards Update, Premium Amortization on Purchased Callable Debt Securities
Deloitte & Touche LLP 695 East Main Street Stamford, CT 06901-2141 Tel: +1 203 708 4000 Fax: +1 203 708 4797 www.deloitte.com Ms. Susan M. Cosper Technical Director Financial Accounting Standards Board
More informationProperty, Plant and Equipment: Proceeds before Intended Use Paper topic Summary of feedback on the proposed amendments to IAS 16
IASB Agenda ref 12D STAFF PAPER IASB Meeting Project December 2017 Property, Plant and Equipment: Proceeds before Intended Use Paper topic Summary of feedback on the proposed amendments to IAS 16 CONTACT(S)
More informationInsurance Europe comments on the Exposure Draft: Conceptual Framework for Financial Reporting.
To: From: Mr Hans Hoogervorst Chairman International Accounting Standards Board 30 Cannon Street London EC4M 6XH Economics & Finance department Date: 18 November 2015 Reference: ECO-FRG-15-278 Subject:
More informationOctober 28, Submitted electronically via International Accounting Standards Board 30 Cannon Street, London EC4M 6XH United Kingdom
277 Wellington Street West, Toronto, ON Canada M5V 3H2 Tel: (416) 977-3322 Fax: (416) 204-3412 www.frascanada.ca 277 rue Wellington Ouest, Toronto (ON) Canada M5V 3H2 Tél: (416) 977-3322 Téléc : (416)
More informationMr. Stig Enevoldsen Chairman Technical Expert Group EFRAG Avenue des Arts BRUXELLES. Dear Mr Enevoldsen,
Date Le Président Fédération Avenue d Auderghem 22-28 8 November 2005 des Experts 1040 Bruxelles Comptables Tél. 32 (0) 2 285 40 85 Européens Fax: 32 (0) 2 231 11 12 AISBL E-mail: secretariat@fee.be Mr.
More informationThe Japanese Institute of Certified Public Accountants
The Japanese Institute of Certified Public Accountants 4-4-1 Kudan-Minami, Chiyoda-ku, Tokyo 102-8264, Japan Phone: 81-3-3515-1130 Fax: 81-3-5226-3355 Email: international@sec.jicpa.or.jp November 21,
More informationRequest for Information: Comprehensive Review of IFRS for SMEs
30 November 2012 Level 7, 600 Bourke Street MELBOURNE VIC 3000 Postal Address PO Box 204 Collins Street West VIC 8007 Telephone: (03) 9617 7600 Facsimile: (03) 9617 7608 Mr Hans Hoogervorst Chairman International
More informationExposure Draft ED/2015/3: Conceptual Framework for Financial Reporting Exposure Draft ED/2015/4: Updating References to the Conceptual Framework
Central Finance Shell International Limited Shell Centre London SE1 7NA Tel 020 7934 2304 E-mail simon.ingall@shell.com 25 November 2015 International Accounting Standards Board 30 Cannon Street London
More informationRe: FEE Comments on IASB s Request for Views: Effective Dates and Transition Methods
Sir David Tweedie Chairman International Accounting Standards Board 30 Cannon Street GB LONDON EC4M 6XH E-mail: commentletters@ifrs.org 10 February 2011 Ref.: ACC/PRJ/TSI/IDS Dear Sir David, Re: FEE Comments
More informationASNPO at a Glance. Appendices
ASNPO AT A GLANCE ASNPO AT A GLANCE This publication has been compiled to assist users in gaining a high level overview of Accounting Standards for Not-for-Profit Organizations (ASNPO) included in Part
More information22 April Submitted to: Dear Stephenie
22 April 2013 Ms Stephenie Fox The Technical Director International Public Sector Accounting Standards Board International Federation of Accountants 277 Wellington Street West Toronto Ontario M5V 3H2 CANADA
More informationRequest for Comments
Chapter 6 Request for Comments 6.1.1 Notice and Request for Comments Proposed Amendments to NI 81-106 Investment Fund Continuous Disclosure and Companion Policy 81-106CP Investment Fund Continuous Disclosure
More informationCONSULTATION PAPER (CP) ACCOUNTING FOR REVENUE AND NON-EXCHANGE EXPENSES
CONSULTATION PAPER (CP) ACCOUNTING FOR REVENUE AND NON-EXCHANGE EXPENSES The Technical Director International Public Sector Accounting Standards Board (IPSASB) International Federation of Accountants 277
More informationIASB Meeting Project Accounting policy changes (Amendments to IAS 8) Proposed threshold and timing challenge
IASB Agenda ref 12A STAFF PAPER IASB Meeting Project (Amendments to IAS 8) Paper topic Proposed threshold and timing challenge September 2017 CONTACT(S) Jawaid Dossani jdossani@ifrs.org +44 (0)20 7332
More informationCONSULTATION RESPONSE
CONSULTATION Title: Comprehensive Review of the IFRS for SMEs Issued by: International Accounting Standards Board Response submitted by: Association of International Accountants (AIA) on 29 November 2012
More information