A further step in the phasing out of ITRs restrictions for Large Businesses will be taken on January 2019.
In this issue, we explore the key features of the final text of the new IFRS Conceptual Framework, discussed the disclosures in the financial statements under IFRS 9, provided an overview of the effective dates for the standards and amendments which are applicable as at January 1, 2018, and summarize the FICE Discussion Paper published this year by the IASB.
The new legislation will have a significant impact on suppliers located outside of Québec.
The year 2017 ended with the signing of the U.S. tax reform bill. After a fairly quiet start of the year in terms of IFRS developments, a series of topics were addressed in March. Also, let’s not forget that on January 1 2018, IFRS 9 and IFRS 15 came into effect!
At Mazars, more than ever, we believe that businesses can thrive only by creating shared value for all their stakeholders. Publishing our 2017 Yearbook document is a way to take stock of what we have achieved this past year. As a part of our 2016-2017 Annual Report, the Yearbook also aims at providing a clear and global image of who we are and how we prepare the future. From open innovation to stewardship, from the future of the audit profession to our teams' perspective on the future, we have chosen to shed light from various angles on the notion of transformation.
Our Closer Look in this edition presents the traditional overview of all the standards and interpretations applicable as at December 31, 2017 financial statements.
This 2018 guide provides an overview of the business environment to companies wishing to do business in Canada.
Phasing out of restrictions on the granting of input tax refunds (ITRs) to large businesses as of January 2018
The last few months have been relatively busy for the IASB with the publication of two exposure drafts, a Practice Statement and some last-minute finishing touches to IFRS 9. Our “Closer Look” this month concerns an aspect of the preparation of financial statements: guidance on making materiality judgments.