Regulatory Alerts2021-08-05
Amendments to Policy Statement to Regulation 52-107 Respecting Acceptable Accounting Principles and Auditing Standards
The regulator amended Policy Statement to Regulation 52-107 to update section 2.10 regarding acceptable accounting principles. The revised text requires issuers to alert readers if financial information in news releases uses accounting principles different from those in their most recently filed financial statements. This change aims to prevent misleading investors by ensuring transparency when non-GAAP measures or differing accounting bases are disclosed.
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