Canada - IFRS Advisory Committee Report on Public Meeting

Canada's IFRS Advisory Committee (IAC) has issued its latest Report on Public Meeting. At its July 2009 meeting, the IAC discussed International Accounting Standards Board (IASB) documents for comment on fair value measurement and financial instruments, as well as eligibility of revaluations for the IFRS 1 deemed cost option, liability and equity classification, and functional currency determination.