Regulators' reviews uncovered issues with both ESG disclosure and financial reporting
Fewer reviews completed in fiscal 2012 as regulators increased the number of full reviews
Volatility in earnings was due more to the mark-to-market accounting rules that were already in place
Changes in accounting standards never attract broad public attention, but the big move this year to the international financial reporting standards by all Canadian publicly traded companies could catch the attention of your clients.The switch to IFRS from Canadian generally accepted accounting principles means that financial measures — such as return on equity — and […]
IASB and FASB have set 2011 as the year that all ‘major’ joint accounting projects must be completed
Change will make it harder to compare some Canadian companies with their U.S. peers
The new IFRS provides information useful to investors and gives a “true and fair view” of the economic substance of a business
Companies should inform investors of the impact the transition had on financial results
Only 8% said that investors are well educated about transition, survey finds
New international reporting standards could hurt firms