Amendments to Policy Statement to Regulation 52-107 Respecting Acceptable Accounting Principles and Auditing Standards

AMENDMENTS TO POLICY STATEMENT TO REGULATION 52-107 RESPECTING ACCEPTABLE ACCOUNTING PRINCIPLES AND AUDITING STANDARDS

1. Section 2.10 of Policy Statement to Regulation 52-107 respecting Acceptable Accounting Principles and Auditing Standards is replaced with the following: “2.10. Acceptable Accounting Principles Readers are likely to assume that financial information disclosed in a news release is prepared on a basis consistent with the accounting principles used to prepare the issuer’s most recently filed financial statements. To avoid misleading readers, an issuer should alert readers if financial information in a news release is prepared using accounting principles that differ from those used to prepare an issuer’s most recently filed financial statements or includes financial measures that are subject to Regulation 52-112 respecting Non-GAAP and Other Financial Measures Disclosure (insert reference).”.