Since the mid 90s there has been debate within accounting circles on whether there should be two versions of GAAP – one for public companies and one for private companies. Big GAAP and little GAAP. The logic is that there are sections of GAAP that do not apply to non publicly accountable entities, and time […]
Tag: reporting ↓
GAAP for private companies in Canada">Changes to GAAP for private companies in Canada
May 25th, 2009 · 5 Comments
Category: Accounting Standards
Tags: Canada, differential, financial instrument, GAAP, IFRS, income tax, investment, joint venture, reporting, standards, subsidiary
Accounting news roundup
March 2nd, 2007 · 3 Comments
Congress wants financial reporting simplified for easier understandability. I can’t honestly say their desire for more regular updates on what the industry is doing to modernize itself is a bad thing, however. Seems like a good prod for the stiff collars at the helm. Here in Canada, there are rumors the federal government may tie the […]
Category: Accounting
Tags: brand, Canada, Ernst & Young, government, income trust, Nortel, PwC, reporting, trust tax
Shell and reporting sustainability
December 5th, 2006 · 2 Comments
This piece in the Globe and Mail was interesting: Shell was early with “sustainability reporting” (their first annual sustainability report was published in 1998). They currently have a goal to have their (self-reported) greenhouse gas emissions 5 per cent below 1990 levels by 2010, similar to the Kyoto Protocols. The story was about Shell’s CEO […]
Category: Auditing
Tags: audit, environment, ethics, report, reporting, standards, sustainability
