Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
This seminar provides participants with a review of new and revised IFRS between July 2024 and June 2025 and an up-to-date snapshot of other projects being considered by the IASB. Topics addressed by the IFRS Discussion Group and the IFRS Interpretations Committee during the year will be identified with in-depth coverage of specific items. Coverage of these topics provides insight into application of the standards, including insights on some judgments. Recent publications by the regulators are referenced as well as the current status of Sustainability Reporting to provide participants with an awareness of developments in these areas.
This course updates the participants knowledge of changes to IFRS and non-authoritative guidance during the year. It also provides updates of decisions issued by the IFRS Interpretations Committee and discussions held by the IFRS Discussion Group during the year. Awareness of these changes and knowledge of topics discussed with respect to the application of IFRS are essential to those applying IFRS. Examples, as included in the discussions, will be used to demonstrate the topics. Developments in Sustainability Reporting will be summarized. Notices issued by the regulators will be referenced.
Topics Include:
- New and revised standards issued during the year including
- Revisions resulting from various maintenance projects including Annual Improvements, and Power Purchase Agreements
- Review of projects in process
- Standards and revisions approved in previous years including new IFRS 18 and new IFRS 19
- Commentary on standards
- IFRS Interpretations Committee Agenda Decisions
- IFRS Discussion Group notes
- Regulator communications
- Other relevant publications
- Sustainability Reporting – recent developments
NOTE: This course description has been revised and reflects updates for 2025. If you have any questions, please contact pdevents@cpaontario.ca.
Other Available Sessions
Key Takeaways
By the end of this course, participants should be able to:
- Explain changes to IFRS during year and consider the impact on their organization.
- Identify projects in process at the IASB.
- Identify topics discussed by the IFRS Interpretations Committee and the IFRS Discussion Group with explanations of selected topics and consider impact on their organization.
- Identify publications issued by the regulators during the year.
- Identify recent developments in Sustainability Reporting.
Who Will Benefit
All professionals who want to be informed of the recent developments in IFRS standards, including: practitioners, preparers and readers of financial statements using IFRS.
Prerequisite(s)
Participants should have an understanding of the current standards in the CPA Canada Handbook – Accounting Part I.
Disclaimer
The views expressed in the course are non-authoritative and have not been formally endorsed by CPA Ontario and do not reflect the views of CPA Ontario. The information included in the course if for general information purposes only.
CPA Ontario, the presenters and the authors do not accept any responsibility or liability that might occur directly or indirectly as a consequence of the use or application of or reliance on this material.
How to Access the Course
This course is an in person seminar held at the CPA Ontario Office, Multipurpose Room 2 - 69 Bloor St E, Toronto, ON M4W 1B3. You must attend in person to receive verifiable CPD hours.
Electronic material can be accessed one week prior to the course and should be downloaded in advance.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.
Speaker(s)
Shari Mann, CPA, CA is a lecturer at the University of Waterloo, president of Strann Consulting Inc. and a member of the Private Enterprise Advisory Committee. Prior experience includes over ten years in public practice, both in Canada and New Zealand. In one of her positions, Shari was responsible for staff training, standards and quality control at a national firm. Her consulting activities include the preparation and presentation of numerous professional development courses in financial accounting and assurance. Complementary activities include the provision of professional services to small and medium-sized accounting firms.