Canada’s securities regulator requests opinions on the pros and cons of allowing Canadian and foreign equity issuers to file financial statements according to U.S. GAAP or international accounting standards. Comments are due by June 30 ( www.iasc. ).

IFAC exposes a draft statement on strengthening the relationship between bank auditors and supervisors. Comments are due June 12 ( ).

IFAC re-exposes its proposed guidance on factors that threaten auditor independence. If adopted, it would provide a framework on which national standards could be based. Comments are due by June 30 ( ).

An April IFAC study looks at the accounting profession’s increased focus on management issues. It presents the views of a dozen professional associations on the significance to accountants of the move to reform corporate governance in global capital markets and to absorb accounting functions into business management processes ( ).

IFAC issues two new standards. One addresses the risk of fraud and error causing material misstatements in financial reports; the second provides guidance on planning and performing audit procedures for assertions about derivative financial instruments ( ).

U.K. accounting standards board addresses practical issues relating to the date when companies give their employees shares or rights to them ( ).


6 key areas of change for accountants and auditors

New accounting standards on revenue recognition, leases, and credit losses present implementation challenges. This independently-written report identifies the hurdles that accounting professionals face and provides tips for overcoming the challenges.


How tax reform will impact individual taxpayers

Amy Wang, a CPA who is a senior technical manager for tax advocacy at the AICPA, answers to some of the most common questions on how the new tax reform law will impact individual taxpayers.