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.
The IASB will focus on maintenance of standards through minor amendments. Find out the latest news regarding IFRS 3, IFRS 11, IFRS 4 and IFRS 9.
IFRS 15 is a major issue for entities in sectors with long-term contracts. This document is a clear overview of the key points to remember.
Given the volume of innovations and clarifications introduced by IFRS 15, it is important to identify its impact as early as possible, both to prepare for the transition and to anticipate the accounting consequences on future contracts or contracts currently under negotiation.
In January 2016, the IASB published IFRS 16, its new accounting standard on leases. This signals the end of a major and often controversial project, which aimed to provide a more faithful representation of leases in IFRS financial statements.
Our new global publication in the Aerospace & Defense industry.
Canadian entities will be affected by Brexit depending on the degree to which they are exposed to the UK or the EU and company-specific circumstances.
This newsletter has been created to inform you on the latest IFRS updates and relates to decisions made by the IASB and the IFRIC.