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Adapt, survive and thrive in turbulent times — the aerospace and defense industry's response to the economic downturn
Agenda Issue 4 - Opportunities are back on the menu
At Risk: Business in a World of Litigation, Fraud, and Deceit Summer 2009
Global Retail Loss Prevention Survey 2009
IFRS - Time to accelerate?
Issues Monitor - Automotive - July 2009
Issues Monitor: Pharmaceuticals - January 2009
Issues Monitor: Pharmaceuticals - July 2009
KPMG's Social Responsibility Report 2008
Logistics and Supply Chain Report 2009
Managing the Transition to IFRS: Moving forward
Managing the Transition to IFRS: Positioning for Success
Manufacturing and the Turbulent Commodities Environment
Never Again? Risk management in banking beyond the credit crisis
The Rough Road Continues: Update on the current crisis in the global automotive industry
US Market Comes with Hefty Load of Taxes
Video: Canadian Manufacturing Outlook: Balancing Volatility and Cautious Optimism

IFRS Briefings 

IFRS Briefings are KPMG's way of keeping our clients informed about IFRS news and developments occurring internationally and in Canada. These publications provide commentary on how IFRS affects Canadian publicly accountable enterprises. To subscribe click here.

IFRS Briefing, Issue 2011-03 (November 08, 2011)

  • IASB’s Work Plan and Agenda Consultation
  • IFRS discussion group
  • OSC releases tips for filing interim reports
  • New guidance on accounting for production stripping costs
  • Proposed consolidation exemption for qualifying investment entities
  • Possible delay in effective date of IFRS 9
  • Recent IASB meetings summary
  • First Impression: Employee Benefits (amendments)
  • Leases newsletter
  • IFRS Industry Publications

 

IFRS Briefing, Issue 2011-02 (June 27, 2011)

  • Regulator Reviews First IFRS Interim Reports
  • Disclosures accounting policies
  • IFRS discussion group
  • IASB issues four new IFRSs and amends two IASs
  • Delay on the tarmac: Many projects now slated for issuance at the end of the year
  • SEC further explores convergence and endorsement IFRS
  • IFRS topical newsletters
  • IFRS Industry Practices 

 

IFRS Briefing, Issue 2011-01 (March 14, 2011)

  • IASB issues limited amendments to income taxes guidance
  • Two more exposure drafts published in the financial instruments project
  • IASB December and January meetings summary
  • IFRS Practice Issues: Leases of land
  • IFRS Insurance Newsletter

 

IFRS Briefing, Issue 2010-09 (December 20, 2010)

  • IFRS Discussion Group
  • IASB issues exposure draft on hedge accounting
  • IASB updates work plan for 2011
  • IASB November meetings summary
  • SEC progress report on IFRS work plan
  • First Impressions: Financial Liabilities
  • New on the Horizon: Leases for retailers

 

IFRS Briefing, Issue 2010-08 (November 16, 2010)

  • IFRS Discussion Group
  • Requirements for classification and measurement of financial liabilities 
  • IASB solicits views on transition to new standards
  • IASB October meetings summary
  • Insurance Newsletter

 

IFRS Briefing, Issue 2010-07 (October 20, 2010)

  • Delayed adoption of IFRS for investment companies and entities with rate-regulated activities
  • Final amendments to derecognition disclosures issued
  • Leases exposure draft
  • IASB September meeting summary
  • Proposed amendments to accounting for income taxes
  • Mining industry: Proposed new guidance for stripping costs

 

IFRS Briefing, Issue 2010-06 (August 17, 2010)

  • AcSB proposes to defer the adoption of IFRS until 2013 for entities with rate-regulated activities
  • Proposed new guidance for insurance industry
  • IASB to replace the fixed dates with the date of transition in certain IFRS 1 exemptions
  • IASB scales down changes proposed in its discontinued operations project and reaches other tentative decisions

 

IFRS Briefing, Issue 2010-05 (July 19, 2010)

  • IFRS Discussion Group holds third meeting
  • IASB Work Plan and Project update
  • Exposure draft on revenue
  • Exposure drafts on financial statement presentation and disclosures
  • Leases and Insurance project update newsletters

 

IFRS Briefing, Issue 2010-04 (June 10, 2010)

  • AcSB set to provide relief to investment companies
  • Potential amendment to IFRS 1 for capitalized borrowing costs
  • 2010 Annual Improvements
  • Exposure draft on the fair value option for financial liabilities
  • IFRS Practice Issues: Replacement of a share-based payment in a business combination

 

IFRS Briefing, Issue 2010-03 (May 6, 2010)

  • March 2010 IASB and joint FASB meetings
  • Discussion Paper: Extractive Activities
  • Exposure Draft: Conceptual Framework for Financial Reporting – The Reporting Entity
  • IFRS compared to Canadian GAAP: An overview (Third edition 2009/10)
  • IFRS Practice Issues: Transfer of assets from customers
  • IFRS – Insurance Newsletter

 

IFRS Briefing, Issue 2010-02 (March 30, 2010)

  • IASB releases working draft of Liabilities IFRS
  • IASB and joint FASB meetings discuss various projects
  • OSC cautions issuers regarding IFRS changeover disclosures
  • SEC issues work plan: Evaluation of potential to incorporate IFRS
  • IFRS Handbook: Business Combinations and Non-controlling interests
  • New on the Horizon: Measurement of liabilities in IAS 37
  • IFRS Practice Issues: Investment property under construction

 

IFRS Briefing, Issue 2010-01 (January 21, 2010)

  • Exposure Draft: Measurement of Liabilities in IAS 37
  • AcSB financial reporting commentary: Interim financial statements in the year of adoption of IFRSs
  • First Impressions: IFRS 9 Financial Instruments
  • Focus of Financial Reporting – 2009 Annual Update

 

IFRS Briefing, Issue 2009-12 (December 22, 2009)

  • New Standard: IFRS 9 Financial Instruments
  • Exposure Draft: Financial Instruments: Amortised Cost and Impairment
  • New on the Horizon: ED/2009/12 Financial Instruments: Amortised Cost and Impairment
  • New Amendment: IAS 24 Related Party Disclosures
  • Accounting for production stripping costs added to the IFRIC agenda
  • IASB meetings and joint FASB meeting discusses various projects

 

IFRS Briefing, Issue 2009-11 (November 23, 2009)

  • IASB and FASB reaffirmation establishes stable platform for Canadian adoption of IFRS
  • Joint statement: FASB and IASB Reaffirm Commitment to Memorandum of Understanding
  • IFRS Briefing Sheet – IASB’s Projects Overview
  • Which IFRSs are expected to apply for Canadian changeover in 2011?

 

IFRS Briefing, Issue 2009-10 (October 26, 2009)

CSA proposes 30-day extension to Q1 2011 filings

  • AcSB issues third and final omnibus Exposure Draft
  • Exposure Draft: Improvements to IFRSs
  • IASB meetings discuss various projects
  • Managing the Transition to IFRS: Positioning for success
  • IFRS Readiness Survey Results: Part 2

 

IFRS Briefing, Issue 2009-09 (August 13, 2009)

  • New Amendments: IFRS 1 Additional Exemptions
  • Exposure Draft: Rate-regulated Activities
  • Next Annual Improvements Project may further amend IFRS 1

 

IFRS Briefing, Issue 2009-08 (August 5, 2009)

  • Exposure Draft: Financial Instruments: Classification and Measurement
  • Exposure Draft: Fair Value Measurement
  • Discussion Paper: Credit Risk in Liability Measurement
  • IASB meetings discuss final standards and exposure drafts expected by end of year
  • Is it time to accelerate your IFRS conversion project?

 

IFRS Briefing, Issue 2009-07 (June 24, 2009)

  • IFRS Readiness Survey Results
  • New Amendments: Annual Improvement Project 2009
  • IASB discusses amendments to IFRS 1

 

IFRS Briefing, Issue 2009-06 (June 15, 2009)

  • IASB Exposure Draft on Income Tax

 

IFRS Briefing, Issue 2009-05 (May 22, 2009)

  • CSA updates views on possible changes to securities regulations

 

IFRS Briefing, Issue 2009-04 (May 11, 2009)

  • IASB and FASB discuss simplifying financial instruments accounting
  • Discussion Paper: Leases
  • Exposure Draft: Derecognition

 

IFRS Briefing, Issue 2009-03 (April 2, 2009)

  • AcSB issues second omnibus Exposure Draft
  • PSAB issues Invitation to Comment on application of IFRS
  • New Amendment: Disclosures about Financial Instruments

 

IFRS Briefing, Issue 2009-02 (February 24, 2009)

  • IASB revises its timetable on new standards and major projects
  • New Interpretation: Transfers of Assets from Customers
  • Managing the Transition to IFRS: Moving forward

 

IFRS Briefing, Issue 2009-01 (January 29, 2009)

  • How are you progressing towards IFRS changeover?
  • Exposure Draft: Consolidation of Financial Statements
  • Discussion Paper: Preliminary Views on Revenue Recognition in Contracts with Customers
  • December meeting adds rate-regulated accounting to agenda
  • Re-exposure Draft: Relationships with the State

 

IFRS Briefing, Issue 2008-07 (December 19, 2008)

  • IFRS Conversion Considerations for CFOs
  • New Interpretation: Distributions of Non-cash Assets to Owners
  • IASB and FASB address global financial crisis at international roundtables
  • IFRS compared to Canadian GAAP: An overview (Second edition 2008/9)

 

IFRS Briefing, Issue 2008-06 (November 28, 2008)

  • IFRS disclosures in MD&A: New CICA guidance
  • IFRIC activities: Rejection of rate-regulated accounting interpretation
  • Exposure Draft: Disclosures about Financial Instruments
  • IASB and FASB discuss credit crisis and joint projects
  • Discussion paper: Financial statement presentation
  • SEC unveils a "roadmap" to phase in IFRS for US public companies

 

IFRS Briefing, Issue 2008-05 (October 30, 2008)

  • Which IFRSs are expected to apply for Canadian changeover in 2011?
  • OSFI sets out its expectations on CSA's disclosure of IFRS Progress
  • New amendment: Eligible hedged items
  • Three new IASB exposure drafts
  • New amendments to Financial Instruments accounting and disclosure
  • Effects of IFRS on Information Systems

 

IFRS Briefing Issue 2008-04 (September 30, 2008)

  • Exposure Draft: Amendments to IFRS 1

 

IFRS Briefing, Issue 2008-03 (September 18, 2008)

  • IASB Work Plan changes likely to complicate your conversion plans
  • IASB discusses expected 2008 exposure drafts
  • New interpretation: Agreements for the construction of real estate
  • New interpretation: Eligible hedge risks
  • New accounting for business combinations and non-controlling interests
  • Anticipated changes to income tax accounting under IFRS

 

IFRS Briefing, Issue 2008-02 (August 27, 2008)

  • SEC unveils roadmap to phase in IFRS

 

IFRS Briefing, Issue 2008-01 (August 12, 2008)

  • Delay in finalization for certain IFRS standards
  • Proposed: Changes to Accounting for Employee Benefits (IAS 19)
  • Proposed: Less complex standards on Financial Instruments Accounting
  • IASB approves 35 amendments to IFRS
  • CSA updates views on possible changes to securities rules
  • Required: MD&A disclosures of progress towards conversion