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..
With the Government of Canada currently in the process of receiving comments, concerns and views on their proposed tax changes, CPA Alberta wants to ensure its members are fully informed on the issue, ways to have their voices heard, and the profession’s response to the issue. Because these proposed tax changes are coming from the Federal lev..
The global standard-setting boards for auditing, accounting ethics and accounting education recently released a new publication showcasing observations and potential ways to enhance professional skepticism. The publication, Toward Enhanced Professional Skepticism, was produced by a joint working group comprised of representatives from the Internati..
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..
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” ..
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..
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..
Is your reporting and disclosure for 2016 top-of-class? Find out by entering CPA Canada’s Awards of Excellence in Corporate Reporting. The program is open to publicly-listed entities and Crown Corporations. In addition to a chance to be recognized for your efforts, entrants receive a number of benefits, including a confidential assessment fro..
Each year, the findings of the practice review program are analyzed and common deficiencies across the country and province..
Comments Needed! There are four current Exposure Drafts that may be of interest to Alberta CPAs. Three, from the International Ethics Standards Board (IESBA), deal with ethics, and the fourth, from the Accounting Standards Board (AcSB), deals with not-for-profit standards. Alberta CPAs are encouraged to take the time to review the Exposure Drafts a..