Canada - IFRS adopters falling short of CSA expectations

A recent Ontario Securities Commission (OSC) review suggests a large number of IFRS adopters in Canada have not adequately disclosed information related to their transition efforts. After reviewing 106 entities’ IFRS transition disclosures, the regulator is concerned that some entities may not meet future filing obligations. (Read the article IFRS adopters falling short of CSA expectations in the April 2010 issue of CAmagazine online.)