Accounting Standards and Updates

Have your say: Redeemable Shares

Have your say: Redeemable Shares

The Accounting Standards Board (AcSB) is proposing changes to the accounting for retractable or mandatorily redeemable shares issued in a tax planning arrangement. These changes will be through amendments to the Financial Instruments, Section 3856 in Part II of the CPA Canada Handbook – Accounting. AcSB is also proposing changes to Subsidiarie..
Survey: AcSB Priorities for Part II of the Handook

Survey: AcSB Priorities for Part II of the Handook

Put your voice forward! Do you or your clients use the private enterprise standards in Part II of the CPA Canada Handbook directly, or via the not-for-profit standards in Part III? Here’s your opportunity to influence the Accounting Standards Board (AcSB) on which topics to prioritize in determining if and when to undertake Part II projects. Comp..
Finding your firm’s fit

Finding your firm’s fit

Effective October 1, 2017, Professional Accounting Firms (PAF) will be registered with CPA Alberta in a new way. The Varied Registration Model will provide increased clarity for clients and prospective clients on the types of services that a PAF can perform. This new model will move from PAF’s being registered on a “restrictions” ..
CRA and country-by-country reporting

CRA and country-by-country reporting

The Canada Revenue Agency (CRA) recently shared an advisory that it is using country-by-country reporting to more effectively identify Transfer Pricing and Profit Shifting Risks. It is working with international partners, including a recent agreement with the U.S., to improve global tax transparency and address income tax base erosion and profit sh..
Standards feedback: have your say!

Standards feedback: have your say!

There are a number of accounting standards that Alberta CPAs may be interested in providing their perspective on: Accounting Standards Board (AcSB) Roundtable on How to Improve Disclosures in IFRS Financial Statements: Register to attend the AcSB’s roundtable discussion to share your views on the IASB’s Discussion Paper on the Principl..