Going forward, Canadian organizations will have to focus on the changes to each of the financial reporting frameworks as the AcSB and PSAB continue to modify standards in order to achieve greater user relevance, and the IASB and FASB continue to work together in an attempt to converge significant standards.
Focus on Financial Reporting provides information to help boards of directors, audit committee members, corporate management, and other interested parties to identify and address recently released Canadian, International, and US regulatory and financial reporting developments that may affect their organizations.
- Publicly Accountable Enterprises
- Update on IFRS
- Canadian Regulatory Developments Applicable to All Issuers
- US GAAP Update & US Regulatory Developments
- Private Enterprises
- Not-for-Profit Organizations
- Public Sector Enterprises
- Pension Plans
The information in this edition of Focus on Financial Reporting [PDF 805KB] is based on pronouncements released prior to November 15, 2012. For pronouncements released after this date, please refer to the official document in question, or contact your KPMG adviser.