On May 16, 2003, the Canadian Securities Administrators published for comment proposed National Instrument 52-107 Acceptable Accounting Principles, Auditing Standards and Reporting Currency and its accompanying companion policy. The Instrument and Policy indicate what will be acceptable for the purposes of preparing and auditing financial statements included in documents filed with Canadian securities regulators. These comprehensive and harmonized requirements will apply to all reporting issuers and registrants across the country.

type Securities & Capital Markets Special Alert - Proposed National Instrument Aimed at Harmonizing Acceptable Accounting Principles, Auditing Standards and Reporting Currency: Published for Comment