CSA Staff Conduct IFRS Transition Disclosure Review

The Canadian Securities Administrators (CSA) recently released the results of their review of the extent and quality of International Financial Reporting Standards (IFRS) transition disclosure provided by certain issuers in their 2009 annual management's discussion and analysis (MD&A). Guidance on IFRS transition disclosure was provided to issuers in May 2008 in CSA Staff Notice 52-320 Disclosure of Expected Changes in Accounting Policies relating to Changeover to International Financial Reporting Standards.

In February 2010, the Ontario Securities Commission released the results of its review of IFRS transition disclosure for 2008 annual and 2009 interim MD&A in OSC Staff Notice 52-718. Click here to read our previous article summarizing their findings.