Remove accounting standards Remove corporation tax Remove international accounting standards
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2022 Federal Budget Highlights

DMCL

The budget proposes elimination of some impacts of the new IFRS 17, a new international accounting standard applicable to insurance contracts that would allow insurance companies to defer recognition of income under both generally accepted accounting principles and for tax purposes.

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Friday Footnotes: Baker Tilly Did What!?; Internship Ranking Winner Same As Last Year; Pillar II to Be a PITA | 10.25.24

Going Concern

accounting standard setter’s meeting last week. accounting standard setter’s meeting last week. Investors had supported the International Accounting Standards Board’s March proposal, saying it would help them assess acquisitions. The board also set a 45-day comment period for the update.