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ARTICLE · 07 OCTOBER 2009

Canadian Securities Regulators Propose IFRS-Related Rule Changes

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In preparation for the changeover in 2011 to International Financial Reporting Standards (IFRS), Canadian securities regulators have proposed revisions to National Instrument 52-107, Acceptable Accounting Principles and Auditing Standards.

CanadaAccounting and Audit
Leslie McCallum
Leslie McCallum
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In preparation for the changeover in 2011 to International Financial Reporting Standards (IFRS), Canadian securities regulators have proposed revisions to National Instrument 52-107, Acceptable Accounting Principles and Auditing Standards. The proposals, which affect public companies and dealer registrants, are meant to facilitate a smooth transition to IFRS under securities laws. They relate to substantive matters such as the requirement for consistency of accounting principles from period to period, reconciliation requirements and the treatment of acquisition statements, as well as to technical matters such as changes in terminology.

Overview of Proposed NI 52-107 After the Changeover

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