As we outlined in our September 2008 Alert entitled Impact of International Financial Reporting Standards on Canadian Registrants, the Canadian Securities Administrators (CSA) announced their views last fall that many registrants would be required to use International Financial Reporting Standards (IFRS) under the Accounting Standards Board’s (AcSB) definition of a publicly accountable enterprise. The CSA also indicated that they were considering whether securities rules should require registrants to prepare financial statements using IFRS, regardless of whether they meet the definition of a publicly accountable enterprise.

type Investment Management Advisory – July 2009 – CSA Will Require All Registrants to Use International Financial Reporting Standards