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Government measures and deadline extensions: What’s new?
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Check out our resources to learn about recent government announcements, particularly from the Government of Canada regarding the one-month extension of the Canada Emergency Commercial Rent Assistance (CECRA) and from the Government of Quebec regarding the ad hoc adjustment to the calculation of hours worked for the small business deduction (SBD).
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Attestations and confirmations: Use caution
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Have you been asked to help with attestations, confirmations, reporting or letters regarding various economic support measures? Think before you accept.
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COVID-19 related rent concessions: AcSB endorses amendment to IFRS 16 Leases
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Integrated into Part I of the CPA Canada Handbook – Accounting, this amendment exempts lessees from having to consider whether COVID-19 related rent concessions are lease modifications and allows lessees to account for them as if they were not lease modifications, where applicable.
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Public loan program accounting
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Have you made a loan request for a government aid program implemented in response to COVID-19?
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Learn more about the accounting treatment of these programs by entities that follow IFRS.
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The Order’s ASPE working group has published a record of discussions on accounting for the Canada Emergency Business Account in order to help entities that follow ASPE.
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EXPERT ADVICE AND RESOURCES
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Implementation of CSRS 4200, Compilation Engagements
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Learn how to compile financial information of periods ending on or after December 14, 2021, according to CSRS 4200.
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The AcSB wants to hear from you
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Have your say by participating in these consultations:
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One notice of revocation and two notices of temporary striking off the roll have been issued recently.
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Expert advice and resources
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