Regulatory Alerts2023-09-13
Policy Statement to Regulation 52-107 Respecting Acceptable Accounting Principles and Auditing Standards
Canadian securities regulatory authorities issued this policy statement to clarify the interpretation and application of Regulation 52-107 regarding acceptable accounting principles and auditing standards. The document outlines specific requirements for calculating voting securities owned by residents of Canada, mandates electronic transmission via SEDAR+, and details the transition to IFRS for publicly accountable enterprises. It further provides guidance on the use of different accounting principles, the preparation of acquisition statements, and the reconciliation of Canadian GAAP for private enterprises to IFRS.
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