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Learn about the key findings from Chartered Professional Accountants of Canada (CPA Canada)’s study of the financial impact of the adoption of the new revenue standard by listed companies.
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Canadian public companies with calendar year ends began applying a new accounting standard for revenue recognition in the first quarter of 2018. The highly anticipated new standard IFRS 15 Revenue from Contracts with Customers, and its US GAAP equivalent ASC 606, introduced a significantly different accounting model for revenue recognition.
It was expected to have a significant effect on many companies. CPA Canada conducted this study to better understand the impacts of the adoption of the new standard on the financial statements of Canadian companies.
It’s said that a crisis brings out the best in people and, in most cases, that’s true. But there is a dark side to tough times, as fraudsters prey on people who are uncertain and looking for easy answers.
March 18, 2020
The federal government’s actions and fiscal support to address the widespread and devastating economic fallout of the COVID-19 pandemic are welcomed by Chartered Professional Accountants of Canada (CPA Canada).
April 2, 2020
Listen to this special edition Practitioner’s Pulse webinar where we answer some frequently asked questions around practice management issues and some key financial reporting and auditing implications of COVID-19.