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For summaries of the most recent regional, national and international news stories pertaining to chartered accountants and the Alberta CA profession, please see the articles below.
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A recent review by Canadian Securities Administrators (CSA) has found that reporting issuers have enhanced the quality and amount of disclosure related to the changeover to International Financial Reporting Standards. Published Friday, Staff Notice 52-326 IFRS Transition Disclosure Review, shows an improvement in the quality of disclosure by reporting issuers on their upcoming transition to IFRS, as provided in their 2009 annual Management’s Discussion & Analysis. The disclosure of a reporting issuer’s preparation for the transition to IFRS is a key focus for investors when evaluating the readiness of a reporting issuer and the impact that IFRS adoption may have on its business activities and financial reporting. IFRS comes into effect in Canada on Jan. 1, 2011. http://www.investmentexecutive.com/client/en/News/DetailNews.asp?Id=54397&IdSection=8&cat=8
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