OSC news – clutter-free!

The OSC has issued OSC Staff Notice 52-723 Office of the Chief Accountant Financial Reporting Bulletin. The document revisits the topics of going concern and non-GAAP measures, which we’ve covered on this blog several times in the past. On the latter, the document makes the observation that “the presentation and discussion of an extensive number of…

The new Alberta Advantage – a stimulating disclosure report!

The Alberta Securities Commission has recently issued its 25th Annual Corporate Finance Disclosure Report The report contains observations on MD&A, prospectuses and other matters, but I’ll just focus here on what it has to say about financial statements. It highlights four IFRS-related areas in particular, and digs into some of these in somewhat greater detail…

The Corporate Reporting Dialogue – a major rebalancing?

I somehow stumbled onto the website of the “Corporate Reporting Dialogue,” “an initiative designed to respond to market calls for greater coherence, consistency and comparability between corporate reporting frameworks, standards and related requirements.” It was spawned under the umbrella of the broad Integrated Reporting initiative, which seeks to work toward “a concise communication about how…