The regulator’s notice examines several financial reporting issues, such as the use of non-standard accounting metrics
Every company can calculate non-GAAP metrics however they want, so there’s real risk of investors and markets being misled
IOSCO, IFRS Foundation to strengthen co-operation in the development and implementation of IFRS Ssandards
CSA staff notice says this type of financial reporting “may mislead investors” if it’s not accompanied by appropriate disclosure
The aim is to provide investors with more useful information
Proposed statement is intended to help issuers provide investors with clear and useful disclosure
Rating agency views FASB decision to abandon harmonization plans with IASB standards negatively
GHOS recently approved changes for more standardized accounting processes
Review finds widespread weaknesses in disclosure that may lead to investor confusion
Canadian insurers are not happy with the proposed changes