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Mark Zastre
Partner, audit and assurance at BDO Canada
Mark Zastre is a Partner in audit and assurance at BDO Canada, based in North Vancouver, BC.4 He is a strategic and knowledgeable finance executive with over 25 years of experience in providing financial statement auditing services.13
Professional Background
Mark leads the assurance practice in BDO's Vancouver office.3 His expertise lies in working with growing and complex businesses, where he applies his hands-on approach and keen interest in their development.1
Areas of Expertise
- Financial Statement Auditing: With more than two decades of experience, Mark specializes in providing comprehensive auditing services to various clients.3
- Assurance Practice Leadership: He heads the assurance practice at BDO's Vancouver office, demonstrating his leadership skills and industry knowledge.3
- Strategic Financial Management: Mark is known for his strategic approach to finance, particularly in the context of growing and complex business environments.1
Professional Interests
Mark has shown a particular interest in public companies. He has shared insights on LinkedIn about considerations for life as a public company, indicating his expertise in this area.2
Mark Zastre's LinkedIn profile (username: markzastre) reflects his professional background and current role at BDO Canada, where he continues to contribute his extensive experience and strategic insights to the field of audit and assurance.
Highlights
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The IASB issued amendments to IAS 1 Presentation of financial Statements in January 2020 (Classification of Liabilities as Current or Non-current) and subsequently, in October 2022 (Non-current Liabilities with Covenants). The amendments, among other changes, introduced certain requirements related to the determination of the existence of a right at the end of the reporting period to defer settlement of a liability with covenants. These amendments are effective for annual reporting periods beginning on or after 1 January 2024.
BDO’s publication provides an overview of the requirements of IAS 1 related to the classification of loans with covenants as current or non-current. It also includes a flow chart to help in determining this classification, along with application of the flow chart to multiple scenarios.
