Accounting for Cloud Computing Arrangements

With significant amounts being spent on technology upgrades, remote access, and cloud-based service arrangements. the AcSB has issued an exposure draft for a proposed new accounting guideline, AcG 20 – Customers’ Accounting for Cloud Arrangements.  This will be the first new AcG issued, if approved, since transition from Part V of the Handbook to ASPE … Continue reading “Accounting for Cloud Computing Arrangements”


Accounting and Assurance Implications of the COVID-19 Crisis

Soon after this crisis broke out in Canada, there been a lot of talk about the accounting and assurance implications of the COVID-19.  These include financial reporting considerations such as subsequent events and going concern notes, disclosure of risks from financial instrument, as well as measurement of financial and non-financial assets.  The impact is not … Continue reading “Accounting and Assurance Implications of the COVID-19 Crisis”


Changes to Not-For-Profit standards taking effect for fiscal years beginning January 1, 2019

There are several new accounting standards for not-for-profit organizations, which were added to the CPA Canada standards and guidance collection on Knotia back in March 2018. These three new standards are effective for fiscal years beginning on or after January 1, 2019.  We have summarized the highlights of these changes below: Section 4433, Tangible Capital … Continue reading “Changes to Not-For-Profit standards taking effect for fiscal years beginning January 1, 2019”