On July 18, 2017, Minister of Finance Bill Morneau announced the launch of consultations on tax planning using private corporations. Canadians are invited to submit their comments on the government’s proposals. The deadline for interested parties to submit their comments is October 2, 2017.
The effective date of the new IFRS 9 standard on financial instruments is just around the corner while IFRIC 23, published by the IASB on June 7, clarifies the application of IAS 12 where there is an uncertainty about an income tax treatment.
This webcast training will discuss service concession arrangements with an overview of accounting under IFRS and US GAAP as well as an understanding of the financial modeling of different types of service concession arrangements.
After being in the pipeline for more than ten years, IFRS 17 has finally been approved and published by the IASB. The new standard is therefore likely to cause considerable changes, with impact varying significantly from one company to another, since it will replace the interim standard IFRS 4 that permitted insurance companies to use local accounting frameworks.
For the second time in its history, the IASB has launched a rapid-turnaround consultation that, once again, relates to financial instruments. This haste contrasts with the time spent by the standard-setter on the quality and volume of the financial information disclosed in accordance with IFRS.
The IASB proposes improvements to IFRS 8 on operating segments and addresses the principles behind disclosures in financial statements. Read the latest news about International Standards.
Mazars’ 2016 Yearbook, part of the Group’s 2015-2016 Annual Report, is a journey through topics that are of paramount importance to us: leadership and entrepreneurship. Each article can be read alone, but all are closely tied to the concept of a Modern Firm. In order to illustrate this concept, we have chosen to explore four attributes, which define a modern firm: discerning, knowledge-intensive, agile and sustainable. Join our staff, our partners, our clients and all our other guests in this journey, from Rotterdam to Shanghai via Milan and Casablanca.
In this first issue of 2017, take a closer look at IFRIC 22, Foreign currency transactions and advance consideration and find out the latest news on improvements to IFRS standards.
The IASB sets the effective date for the future IFRS 17, Insurance Contracts, and focuses on "better communication in financial reporting" for the following years. Find out more about IFRS updates in this Newsletter.
In the year 2015, US legislative changes were made through the adoption of the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015. Discover our overview of the main changes, effective for taxation years beginning after December 31, 2015.