Financial Reporting Alert
For publicly accountable entities
Financial Reporting Alerts cover significant news, regulatory developments and changes that affect Canadian publicly accountable entities. They act as technical summaries to keep you on top of the latest issues.
Key points from the September 2013 IFRS Discussion Group
No. 05, November 2013
On 5 September 2013, the IFRS Discussion Group of the Accounting Standards Board gathered to discuss the following significant issues:
- IAS 36: Impairment and reversal indicators for commodity-based companies
- IAS 36: Reversal of impairment
- IAS 39: Measurement of a unit comprised of common shares and warrants
- IFRS 3/IFRS 13: Restricted share consideration in a business combination
- IFRS 13: Fair value measurement unit of account
- IAS 7: Classification of interest in the statement of cash flows
- Accounting for flow-through shares from a holder’s perspective
- IFRS 11: Application issues
Learn more in our latest Financial Reporting Alert.
OSC issues proposed disclosure requirements regarding women on boards and in senior management
OSC Consultation Paper 58-401
No. 04, 22 August 2013
On 30 July 2013, the Ontario Securities Commission (OSC) published consultation paper 58-401, Disclosure Requirements Regarding Women on Boards and in Senior Management, which cites the results of various public reports on gender diversity in Canada. The OSC is considering amending existing corporate governance disclosure requirements to mandate that non-venture issuers other than investment funds provide specific disclosures regarding women on boards and in senior management.
Proposed new regulatory regime for venture issuers will not be implemented
No. 03, 30 July 2013
On 25 July 2013, the Canadian Securities Administrators (CSA) published CSA Notice 51-340 announcing that they will not be implementing the proposed National Instrument 51-103, Ongoing Governance and Disclosure Requirements for Venture Issuers. Instead, the CSA will consider implementing some aspects of the proposed NI 51-103 as amendments within the existing regulatory regime.
Also available for download:
Key points from the June 2013 IFRS Discussion Group
No. 02, 23 July 2013
Key points from the January 2013 IFRS Discussion Group
No. 01, 23 January 2013
Key points from the October 2012 IFRS Discussion Group
2012 No. 07, 3 December 2012