CICA E-newsletters

Below are links to some electronic newsletters provided by CICA.

Transitioning to ASPE

This article is directed to preparers of financial statements who are planning to adopt the standards for fiscal years beginning on or after January 1, 2011. If you have already adopted ASPE, you may still find some of the following discussion relevant. This article looks at the impact of this transition on you, your workload and your financial statements in the following areas:

Getting up to speed through professional development
Getting organized and planning for an efficient and effective transition effort
Identifying other implications
Identifying additional resources to help you keep current.

http://www.cica.ca/service-and-products/members-services/members-in-industry/roi/item52200.pdf

Fair Value Option of PP&E at First-Time Adoption

The following articles discuss factors to consider when deciding whether to elect the fair value option for the measurement of property, plant and equipment on first-time adoption of ASPE, and explores the practical issues involved in the measurement of the fair value at transition date:

An auditor’s perspective The Fair Value Option in ASPE – Should You Elect for It?
Fair Value of an Entity’s Property, Plant and Equipment for First-Time Adoption of Accounting Standards for Private Enterprises – A Business Valuator’s Perspective

http://www.cica.ca/privateenterprises/resources/item52796.aspx

Booklet and Presentation Help Communicate Effectively With Lenders

Need some tools to help explain the potential impact of the adoption of ASPE on financial statements to bankers and lenders? This booklet and presentation are designed to assist you in communicating effectively with lenders.

http://www.cica.ca/privateenterprises/resources/item53156.aspx

Make a Smooth Transition to ASPE

A Guide to Understanding Transitional Options and Accounting Policy Choices from CICA helps private enterprises understand the choices and decisions available under the new accounting standards for private enterprises (ASPE) and provides practical examples and worksheets.
www.cica.ca/privateenterprises/site-utilities/item50867.pdf

Bryd & Chen's Canadian Tax Principles - Professional Edition 2011
Easy to understand quide when you need straightforward answers to common personal, corporation or GST/HST tax questions.

Ernst & Young's Complete Guide to GST/HST, 2011
Canada’s leading guide on GST includes HST commentary and legislation, as well as a GST-QST comparison.

Dictionnaire de la comptabilité et de la gestion financière, 3rd Edition (2011)
The 2011 edition of Dictionnaire de la comptabilité et de la gestion financière (“Ménard”) is a unique English-French dictionary of accounting and financial management terms.

CICA publication highlights the importance of diversity
A new publication by the Canadian Institute of Chartered Accountants (CICA) is helping board of directors address the importance of diversity within their organization.

CICA Client Development Brochure Series
an effective resource to help CAs build awareness about services that they provide and reinforce their expertise in various practice areas.

CA Practice Advantage
a complimentary quarterly e-newsletter for CAs in public practice providing timely synopses of information with links to the web-based sources

Career Vision
CICA's monthly career management and recruitment advice newsletter provides timely career and recruitment-related articles, research and trends as well as a selection of current job postings from the CA Source career site.

Directors Source News
Providing timely synopses of information about best practices in governance, updates on regulatory changes, legal issues, and professional development opportunities.

Report on Industry
An e-newsletter for CAs in industry providing timely synopses of information with links to the web-based sources.

Research Monitor
An e-newsletter for CAs providing summaries of, and links to, research reports on the web.

New publications from CICA

Canadian Professional Engagement Manual 2011 (C•PEM)

The new 2011 edition of C•PEM is now available. Designed to help practitioners perform efficient, cost-effective audit, review and compilation engagements for small and medium-sized entities (SMEs), this comprehensive two-volume set is also a key resource for training staff and providing just-in-time guidance. Volume 1 discusses key concepts and Volume 2 provides a practical road map to performing assurance engagements. Guidance on documenting audit requirements is provided through two SME case studies with completed audit forms and memorandums.

PLUS!
Subscribers to C•PEM receive access to the C•PEM website – the subscribers’ gateway to articles, information and practical guidance for staying current. They also receive the Focus on C-PEM newsletter, which is periodically distributed by e-mail to address emerging issues and then archived on the website.

The French version, Guide du praticien canadien (GDP•CA) 2011, will be available in November 2011. In the interim, subscribers to GDP•CA will be given access to C•PEM in whichever format they subscribe to.

For more information and member pricing, visit: CAstore.ca/cpem2011
For more information and non-member pricing, visit: CAstore.ca/cpem11-n

CICA Standards and Guidance Collection
A complete electronic collection of CICA’s official pronouncements, this comprehensive collection provides up-to-date information on the changes to the accounting and assurance standards, and the transition to IFRS, Accounting Standards for Private Enterprises, and well as the new Canadian Auditing Standards.

CICA members can access the electronic collection at: knotia.ca

Non-members can purchase the CICA Standards and Guidance Collection at: CAstore.ca/sgc-PICA

For a full listing of CICA Handbook products, visit: CAstore.ca/CICAHandbook

The Personal Tax Planner Guide, 2011-2012
Published in the fall each year for distribution to clients of CA firms, this informative CICA client guide can help reinforce your relationship with clients as well as attract new ones. Order personalized copies with the name and contact information of your firm before September 23rd, and remind clients of the value-added services that you provide all year round.