CSA requires Canadian registrants to use IFRS

The Canadian Securities Administrators (CSA) has concluded that all registrants will be required to use International Financial Reporting Standards (IFRS) for financial years beginning on or after January 1, 2011. This applies regardless of whether the registrant fits the definition of a publicly-accountable enterprise established by Canada's Accounting Standards Board (AcSB). The conclusions are set out in CSA Staff Notice 33-314 International Financial Reporting Standards and Registrants.