FRASCanada
September 29, 2017
International Activity
Lesley Thomson, Vice President and Deputy Chief Actuary, Sun Life Financial, has been appointed a member of the IASB's Transition Resource Group. The Group provides a public forum for stakeholders to share and discuss with the IASB, questions about the implementation of new IFRS 17.
September 27, 2017
The IASB has issued an Exposure Draft proposing amendments to IAS 1 Presentation of Financial Statements and IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors. Canadian stakeholders are encouraged to submit their comments to the IASB by January 15, 2018.
September 18, 2017
The IASB has issued an Exposure Draft proposing amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors. Canadian stakeholders are encouraged to submit their comments to the IASB by January 15, 2018.
August 15, 2017
Resource, Other
The Group’s database has over 15 topics on IFRS 9, IFRS 15 and IFRS 16. Read and listen to recently added topics like modifications or exchanges of financial liabilities, seller’s right to variable consideration in an asset sale, and easements.
July 19, 2017
News
Read the report for details about the Group’s discussions.
June 26, 2017
The IASB has issued an Exposure Draft proposing amendments to IAS 16 Property, Plant and Equipment. Canadian stakeholders are encouraged to submit their comments to the IASB by October 19, 2017.
May 25, 2017
Meeting Summary
These meeting notes provide a summary of discussions held.
May 23, 2017
The IASB has issued IFRS 17 Insurance Contracts, which replaces interim standard IFRS 4 and applies to all types of insurance contracts. IFRS 17 is effective for annual periods beginning on or after January 1, 2021 with earlier application permitted for companies that also apply IFRS 9 and IFRS 15.
February 21, 2017
Read the report for details about the Group’s discussions. Listen to the audio recordings to hear the Group’s full discussion.
January 13, 2017
Professor Tom Scott has been appointed as a member of the IASB with an initial five-year term commencing in April 2017. He most recently acted as Director and a Professor of Accounting at the School of Accounting and Finance, University of Waterloo. Tom was an AcSB member from 2003 to 2011.