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On 19 April 2012, the IFRS Discussion Group of the Accounting Standards Board gathered to discuss the following issues:

• Preparers’ observations and experiences on first annual IFRS financial statements
• IFRS 3 and IAS 12: Uncertain tax positions acquired in a business combination
• IFRS 3 and IFRS 13: Measuring the fair value of debt assumed in a business combination
• Going concern language in SEC filings
• News from regulators on IFRS adoption
• IAS 16: Useful life of leasehold improvements
• IAS 40: Initial direct leasing costs when applying the fair value model
• IAS 33: Diluted earnings per share when debt can be settled in cash or shares
• IAS 12: Part VI.1 tax on dividends paid to preferred shareholders

Learn more in our latest Financial Reporting Alert.

Also available for download:

• Key Points from the January 2012 IFRS Discussion Group meeting      
  Financial Reporting Alert, 2012 No. 1, 8 February 2012
  
  
• Key Points from the September 2011 IFRS Discussion Group meeting      
  Financial Reporting Alert, 2011 No. 5, 26 October 2011

• OSC release: IFRS Transition – Prospectus Issues     
  Financial Reporting Alert, 2011 No. 4, 8 September 2011

• Key points from the June 2011 IFRS Discussion Group    
  Financial Reporting Alert, 2011 No. 3, August 2011

• Key points from the March 2011 IFRS Discussion Group    
  Financial Reporting Alert, 2011 No. 2, 21 April 2011

• CSA issues final amendments on IFRS-related materials    
  Financial Reporting Alert, 2011 No. 1, 7 February 2011

• Key points from the November 2010 IDG meeting    
  Financial reporting update - December 2010

• CSA releases additional guidance on environmental disclosures    
  Financial Reporting Alert, No. 1, 5 November 2010

• Key points from the IFRS Discussion Group meeting in September 2010    
  Financial reporting update - October 2010

• Key points from the IFRS Discussion Group meeting in June 2010    
  Financial reporting update - June 2010

• Key points from the IFRS Discussion Group meeting in March 2010    
  Financial reporting update - March 2010