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In June 2017, the Accounting Standards Board (AcSB) provided an information session and three roundtable member consultations in Vancouver. The resources used during these sessions are being provided here for the benefit of all members. Note that these documents contain links to more detailed information such as the Financial Reporting & Assurance Standards Canada website.
What’s New in Accounting Standards
This information session included standard setting in Canada, an update on the AcSB’s activities, new accounting standards, and various projects being undertaken by the AcSB
IFRS Implementation Matters
This roundtable consultation involved the IFRS accounting framework and covered issues that financial statement preparers face during IFRS transition, their experience with recent IFRS pronouncements, and their views on the cost and benefit of standards.
Related Party Financial Instruments
This roundtable consultation on related party financial instruments covered how to account for and measure related party financial instruments after initial recognition.
Disclosure Problem & How to Address
The final roundtable discussed how to improve communication in financial reporting through the use of performance measures, including “non-GAAP” measures, and where best to provide this information to users.
Expanded Registered Firm Directory Coming This Fall
A directory of registered CPA firms is already on the CPABC website (except for firms who have asked not to be included). This existing directory is at the top navigation on the CPABC home page and. A search can be performed by entering all or part of either the firm name or the city.
The public practice department will launch an expanded version of the firm directory this fall. Enhancements include a listing of all partners at the firm and the category in which each is licensed to practice. The new directory will also allow for a search by all or part of a partner’s name. The additional information and search functionality should assist members of the public in locating a firm convenient and suitable for their service needs.
If a firm wishes to be excluded from the directory or a currently excluded firm wishes to be added, please email [publicpractice#bccpa,ca]email@example.com