Grant Thornton Feed: Audit and review Keep informed, subscribe to our feed and get our latest updates. 2011-11-16T12:00:00-05:00 Grant Thornton Canada http://www.grantthornton.ca What to expect from Canada's changing review engagement standard urn:uuid:-resources-insights-adviser_alerts-What_to_expect_Engagement_Final.pdf 2017-06-28T12:29:45-05:00 The new Canadian Standard for Review Engagements (CSRE) 2400, Engagements to Review Historical Financial Statements, becomes effective for periods ending on or after December 14, 2017 <a href="http://www.grantthornton.ca/resources/insights/adviser_alerts/What_to_expect_Engagement_Final.pdf?jsmobile=0" >click to open PDF</a> Point de vue sur les IFRS – Préparer les états financiers lorsque la base de la continuité de l’exploitation n’est pas appropriée urn:uuid:-resources-insights-adviser_alerts-Alerte_de_votre_conseiller-Point_de_vue_sur_les_IFRS_March2017.pdf 2017-03-23T11:18:48-05:00 La série IFRS Viewpoint fournit des|,|informations sur l’application des IFRS dans|,|des situations complexes. Chaque édition|,|met l’accent sur un aspect des normes dont|,|l’application est difficile ou pour lequel il|,|existe peu de directives. <a href="http://www.grantthornton.ca/resources/insights/adviser_alerts/Alerte_de_votre_conseiller-Point_de_vue_sur_les_IFRS_March2017.pdf?jsmobile=0" >click to open PDF</a> IFRS Viewpoint – Preparing financial statements when the going concern basis urn:uuid:-resources-insights-adviser_alerts-Advisor_alert-IFRS_Viewpoint_March2017.pdf 2017-03-23T11:16:50-05:00 Our ‘IFRS Viewpoint’ series provides insights from our global IFRS team on applying|,|IFRSs in challenging situations. Each edition will focus on an area where the|,|Standards have proved difficult to apply or lack guidance. This edition provides|,|guidance on the issues encountered when an entity determines that it is not|,|appropriate to prepare its financial statements on a going concern basis. <a href="http://www.grantthornton.ca/resources/insights/adviser_alerts/Advisor_alert-IFRS_Viewpoint_March2017.pdf?jsmobile=0" >click to open PDF</a> Subsidiaries on a page urn:uuid:-resources-insights-adviser_alerts-Subsidiaries_on_a_page_Dec_2015.pdf 2016-10-14T15:06:37-05:00 This publication is intended to provide readers with a summary of the main recognition, presentation and disclosure requirements for Section 1591 Subsidiaries in the Accounting Standards for Private Enterprises (ASPE) in Part II of the CPA Canada Handbook—Accounting. <a href="http://www.grantthornton.ca/resources/insights/adviser_alerts/Subsidiaries_on_a_page_Dec_2015.pdf?jsmobile=0" >click to open PDF</a> Interests in Joint Arrangements on a page urn:uuid:-resources-insights-adviser_alerts-Interests_in_joint_arrangement_Dec2015.pdf 2016-05-03T13:32:19-05:00 This publication is intended to provide readers with a summary of the main recognition, presentation and disclosure requirements for Section 3056 Interests in Joint Arrangements in the Accounting Standards for Private Enterprises (ASPE) in Part II of the CPA Canada Handbook—Accounting. <a href="http://www.grantthornton.ca/resources/insights/adviser_alerts/Interests_in_joint_arrangement_Dec2015.pdf?jsmobile=0" >click to open PDF</a> Liability for contaminated sites urn:uuid:-resources-insights-adviser_alerts-Adviser_alert_Liability for Contaminated Sites.pdf 2016-04-25T14:08:50-05:00 Section PS 3260 Liability for Contaminated Sites of the Public Sector Accounting Handbook (the Handbook) provides the recognition, measurement, presentation and disclosure requirements for liabilities associated with the remediation of contaminated sites. <a href="http://www.grantthornton.ca/resources/insights/adviser_alerts/Adviser_alert_Liability for Contaminated Sites.pdf?jsmobile=0" >click to open PDF</a> Redeemable preferred shares issued in a tax planning arrangement (exposure draft issued) urn:uuid:-resources-insights-adviser_alerts-Grant Thornton Adviser_alert_Preferred_shares_issued_in_a_tax_planning_arrangement.pdf 2014-11-19T14:56:16-05:00 On October 1, 2014, the Canadian Accounting Standards Board (AcSB) issued an exposure draft (ED) pertaining to Accounting Standards for Private Enterprises (ASPE) which proposes significant revisions to the accounting for redeemable preferred shares issued in a tax planning arrangement under specific sections of the Canadian Income Tax Act (ITA). <a href="http://www.grantthornton.ca/resources/insights/adviser_alerts/Grant Thornton Adviser_alert_Preferred_shares_issued_in_a_tax_planning_arrangement.pdf?jsmobile=0" >click to open PDF</a> Actions privilégiées rachetables émises à titre de mesure de planification fiscale (exposé-sondage publié) urn:uuid:-resources-insights-adviser_alerts-Alerte de votre conseiller_Expose-sondage actions privilegiees rachetables_sans suivi des modifications.pdf 2014-11-11T10:31:12-05:00 Le 1er octobre 2014, le Conseil des normes comptables du Canada (CNC) a publié un exposé-sondage relatif aux Normes comptables pour les entreprises à capital fermé (NCECF), qui propose d’importantes révisions à la comptabilisation des actions privilégiées rachetables émises à titre de mesure de planification fiscale dans le cadre des dispositions prévues à certains articles spécifiés de la Loi de l’impôt sur le revenu (Canada) (L.I.R.). <a href="http://www.grantthornton.ca/resources/insights/adviser_alerts/Alerte de votre conseiller_Expose-sondage actions privilegiees rachetables_sans suivi des modifications.pdf?jsmobile=0" >click to open PDF</a> OECD releases highly anticipated cross-border tax recommendations urn:uuid:-resources-insights-articles-OECD_releases_highly_anticipated_cross_FINAL.pdf 2014-09-18T14:45:48-05:00 Detailed recommendations regarding the first seven of 15 BEPS Action Plan items have been released by the OECD. <a href="http://www.grantthornton.ca/resources/insights/articles/OECD_releases_highly_anticipated_cross_FINAL.pdf?jsmobile=0" >click to open PDF</a> IFRS Newsletter (August 2014) urn:uuid:-resources-insights-accounting_standards_developments-IFRSNewsletterAugust2014.pdf 2014-09-09T16:44:34-05:00 Welcome to|,|IFRS Newsletter—a|,|newsletter that offers|,|a summary of certain|,|developments in|,|International Financial|,|Reporting Standards (IFRS)|,|along with insights into|,|topical issues. <a href="http://www.grantthornton.ca/resources/insights/accounting_standards_developments/IFRSNewsletterAugust2014.pdf?jsmobile=0" >click to open PDF</a> Bulletin de nouvelles sur les IFRS (Aout 2014) urn:uuid:-resources-insights-accounting_standards_developments-BulletindenouvellessurlesIFRSAugust2014.pdf 2014-09-09T16:41:58-05:00 Voici le Bulletin de|,|nouvelles sur les IFRS, un|,|bulletin d’information qui|,|offre un résumé de certains|,|développements concernant|,|les Normes internationales|,|d’information financière|,|(IFRS) ainsi qu’un aperçu|,|de certains sujets de l’heure. <a href="http://www.grantthornton.ca/resources/insights/accounting_standards_developments/BulletindenouvellessurlesIFRSAugust2014.pdf?jsmobile=0" >click to open PDF</a> IFRS News Special Edition urn:uuid:-resources-insights-accounting_standards_developments-GTI IFRS News special edition on IFRS 9 (2014) portrait version.pdf 2014-09-05T14:41:51-05:00 Following several years of development,|,|the IASB has finished its project to replace|,|IAS 39 ‘Financial Instruments: Recognition|,|and Measurement’ by publishing IFRS 9|,|‘Financial Instruments (2014)’. <a href="http://www.grantthornton.ca/resources/insights/accounting_standards_developments/GTI IFRS News special edition on IFRS 9 (2014) portrait version.pdf?jsmobile=0" >click to open PDF</a> A new global standard on revenue—What this means for the manufacturing industry urn:uuid:-resources-insights-accounting_standards_developments-Manufacturing Industry FINAL.pdf 2014-08-12T09:46:01-05:00 The International Accounting Standards Board (IASB) and US FASB have finally issued|,|their new Standard on revenue – IFRS 15 ‘Revenue from Contracts with Customers’|,|(ASU 2014-09 or Topic 606 in the US). This bulletin summarises the new requirements|,|and what they will mean for the manufacturing industry. <a href="http://www.grantthornton.ca/resources/insights/accounting_standards_developments/Manufacturing Industry FINAL.pdf?jsmobile=0" >click to open PDF</a> A new global standard on revenue—What this means for the construction industry urn:uuid:-resources-insights-accounting_standards_developments-Construction Industry FINAL.pdf 2014-08-07T16:03:36-05:00 The International Accounting Standards Board (IASB) and U.S. FASB have finally issued|,|their new Standard on revenue – IFRS 15 ‘Revenue from Contracts with Customers’ (ASU|,|2014-09 or Topic 606 in the U.S.). This bulletin summarises the new requirements and|,|what they will mean for the construction industry. <a href="http://www.grantthornton.ca/resources/insights/accounting_standards_developments/Construction Industry FINAL.pdf?jsmobile=0" >click to open PDF</a> A new global standard on revenue—What this means for the retail industry urn:uuid:-resources-insights-accounting_standards_developments-Retail Industry FINAL.pdf 2014-08-07T15:45:13-05:00 The International Accounting Standards Board (IASB) and US FASB have finally issued|,|their new Standard on revenue – IFRS 15 ‘Revenue from Contracts with Customers’|,|(ASU 2014-09 or Topic 606 in the US). This bulletin summarises the new requirements|,|and what they will mean for the retail industry. <a href="http://www.grantthornton.ca/resources/insights/accounting_standards_developments/Retail Industry FINAL.pdf?jsmobile=0" >click to open PDF</a> A new global standard on revenue—What this means for the software and cloud services industries urn:uuid:-resources-insights-accounting_standards_developments-Software and Cloud Services Industry FINAL.pdf 2014-08-07T15:37:00-05:00 The International Accounting Standards Board (IASB), along with the FASB in the US,|,|have finally issued their new Standard on revenue – IFRS 15 ‘Revenue from Contracts|,|with Customers’ (ASU 2014-09 or Topic 606 in the US). This bulletin summarises the new|,|requirements and what they will mean for the software and cloud services industries. <a href="http://www.grantthornton.ca/resources/insights/accounting_standards_developments/Software and Cloud Services Industry FINAL.pdf?jsmobile=0" >click to open PDF</a> Bulletin de nouvelles sur les IFRS—Numero special Produits (juin 2014) urn:uuid:-resources-insights-accounting_standards_developments-Bulletin_IFRS _SpEcial_juin_2014.pdf 2014-07-14T16:54:36-05:00 Après plus de cinq ans consacrés à son élaboration, l’IASB et|,|le FASB ont finalement publié leur nouvelle norme convergente|,|sur la comptabilisation des produits des activités ordinaires (ciaprès|,|« produits »), l’IFRS 15 Produits des activités ordinaires|,|tirés des contrats avec des clients. L’IFRS 15 remplace l’IAS 18|,|Produits des activités ordinaires et l’IAS 11 Contrats de|,|construction et aura une incidence sur la quasi-totalité des|,|entités génératrices de produits qui appliquent les IFRS. <a href="http://www.grantthornton.ca/resources/insights/accounting_standards_developments/Bulletin_IFRS _SpEcial_juin_2014.pdf?jsmobile=0" >click to open PDF</a> Accounting for the HST urn:uuid:-resources-insights-adviser_alerts-Adviser_alert_Accounting_for_HST_July_2010.pdf 2014-06-30T13:28:08-05:00 The July 1, 2010 switchover to HST in Ontario and BC has impacted many areas of business and may also have a financial statement impact, including adjustments to the carrying amount of certain balance sheet items as well as prospective impacts on the income statement. <a href="http://www.grantthornton.ca/resources/insights/adviser_alerts/Adviser_alert_Accounting_for_HST_July_2010.pdf?jsmobile=0" >click to open PDF</a> Amendments to IFRS 1— removal of fixed dates for first-time adopters urn:uuid:-resources-insights-adviser_alerts-Adviser_ alert_ Amendments_ to_ IFRS_1_Removal_of_fixed_dates_for_first_time_adopters_September 2010.pdf 2014-06-30T13:27:23-05:00 Details surrounding the Exposure Draft recently released by the AcSB which seeks, subject to comments received following exposure, to incorporate into Part I of the CICA Handbook – Accounting amendments to IFRS 1 First-time Adoption of International Financial Reporting Standards. <a href="http://www.grantthornton.ca/resources/insights/adviser_alerts/Adviser_ alert_ Amendments_ to_ IFRS_1_Removal_of_fixed_dates_for_first_time_adopters_September 2010.pdf?jsmobile=0" >click to open PDF</a> CSA Staff Notice 51-333—Environmental Reporting Guidance urn:uuid:-resources-insights-adviser_alerts-Adviser_Alert_51_333_Environmental_reporting_guidance_November_2010.pdf 2014-06-30T13:25:18-05:00 A summary of Staff Notice 51-333 Environmental Reporting Guidance, issued by the Canadian Securities Administrators on October 27, 2010. The Notice is meant to assist issuers in determining the nature and extent of disclosures required relating to environmental matters. <a href="http://www.grantthornton.ca/resources/insights/adviser_alerts/Adviser_Alert_51_333_Environmental_reporting_guidance_November_2010.pdf?jsmobile=0" >click to open PDF</a>