Canadian companies may elect early IFRS adoption

The Canadian Securities Administrators (CSA) represent Canada's provincial and territorial securities regulators. The CSA have issued staff views on possible changes to securities rules relating to Canada's transition to IFRS for publicly accountable entities in 2011. The CSA Staff Notice is No. 52-321, Early Adoption of International Financial Reporting Standards, Use of US GAAP, and Reference to IFRS-IASB.