Month: April 2018

• Federal Budget Highlights
• Shareholder Loans
• Caregiver, Spousal and Equivalent-To-Spouse Credits
• Around the Courts

Notes on the consolidated financial statements includes:

• Required disclosures in the notes on the legal status of IFRS
• Effects of new or amended standards and interpretations (IAS 8.28)
• New or amended standards and interpretations not applied (IAS 8.30).

IASB includes:

• IASB publishes amendments to IFRS 9
• IASB finalizes amendments to IAS 28
• IASB publishes exposure draft on IAS 8 entitled “Accounting Policies and Accounting Estimates”
• Published exposure draft on the definition of “material”
• Practice statement “Making Materiality Judgements” issued
• Update of the IFRS Taxonomy for the submission of electronic financial statements.

Other standard setters includes:

• Q&A document on the introduction of IFRS for SMEs.

EU Endorsement includes:

• EU Endorsement Status Report.

ESMA includes:

• ESMA 2018 key audit areas
• ESMA issues further Q & As on the Guidelines on Alternative Performance Measures
• ESMA: Enforcement decisions published.