CSA notice on IFRS

The Canadian Securities Administrators have just published their Notice 52-320, Disclosure of Expected Changes in Accounting Policies Relating to Changeover to International Financial Reporting Standards.

The notice provides guidance to an issuer on disclosure of expected changes in accounting policies relating to an issuer’s changeover to international financial reporting standards as the basis for preparing its financial statements. This guidance applies to disclosure relating to each financial reporting period in the three years before the first year for which an issuer prepares its financial statements in accordance with IFRS.

 To view the notice, go to http://www.osc.gov.on.ca/Regulation/Rulemaking/Current/Part5/csa_20080509_52-320_fin-rpt-standards.jsp