PowellDorian's Regulatory Recap
PowellDorian Services Inc. delivers leading regulatory compliance solutions to organizations within all industry sectors throughout Western Canada. Our range of services are suited to small-to-medium size enterprises - from the entrepreneur who wants to take the business to the next level, to financial institutions, not-for-profit organizations and crown corporations looking to maximize stakeholder value.
Here is your single source of the week's most significant regulatory news, to save you time and effort better spent focusing on your business.
ACCOUNTING AND TAXATION UPDATES
CICA / IASB
April 8, 2010: |
The International Accounting Standards Board (IASB) has prepared a staff paper regarding IAS 37 Provisions, Contingent Liabilities and Contingent Assets, the purpose of which is to explain how the recognition criteria would apply to liabilities arising from lawsuits. Its purpose is to help people understand the recognition criteria before they comment on the revised measurement proposals in the Exposure Draft Measurement of Liabilities in IAS 37.
Staff paper - Download here »
Liabilities project summary - Read more »
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Apr 6, 2010: |
The IASB has published the results of an international research project on a possible future International Financial Reporting Standard (IFRS) for extractive activities in the form of a discussion paper – Extractive Activities. The discussion paper is open for comment until 30 July 2010.
Read More » |
Canada Revenue Agency (CRA)
No news to report this week. |
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PUBLIC COMPANY REGULATORY UPDATE
OSC / CSA / SEC / TSX
April 9, 2010: |
The Canadian Securities Administrators (CSA) has published for comment proposed amendments to National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer, the related companion policy, and related instruments.
Read more »
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Apr 7, 2010: |
The Securities and Exchange Commission (SEC) has proposed rules that would revise the disclosure, reporting and offering process for asset-backed securities (ABS) to better protect investors in the securitization market. Public comments on the proposed rules should be received by the Commission within 90 days after its publication in the Federal Register.
Proposed rules - Read More »
Comment form - Read More »
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FINANCIAL INSTITUTION REGULATORY UPDATE
OSFI / CDIC / CPA / Western Provincial Regulators
April 7, 2010: |
OSFI has posted its Plan and Priorities for 2010-2013 whci outlines key challenges and risks and describes OSFI's priorities for the planning period.
Read more »
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CONSUMER PROTECTION / PRIVACY
FINTRAC / FCAC
No news to report this week. |
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About PowellDorian Services Inc.
PowellDorian is a leading professional services firm based in Vancouver, serving all of Western Canada. We are an all-inclusive cost-effective compliance solution for companies. Our team of professionals include lawyers, accountants, internal audit, risk management and business process experts who possess over 75 years of combined experience from a wide range of industries. We are here to help overcome your regulatory challenges so you can focus on what you do best.
How can we help you? Feel free to email us at info (at) powelldorian.com or contact us via phone at +1.604.261.0555 for more information.
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Brought to you by:
Lisa Dorian, CA.CIA, CPA(IL)
President, PowellDorian
Lisa Dorian, President of PowellDorian, has worked with private and public companies, not-for-profit organizations, all levels of government and also within the financial services industry, providing compliance and control services, including those related to internal audit, corporate governance, enterprise risk management and most recently IFRS implementation. Lisa has held many senior financial positions within the public and private sectors before moving into her current compliance related activities. A past president of Financial Executives International Canada’s Vancouver Chapter, Lisa is a member of FEI Canada’s National Board and is also a member of FEI’s National Issues and Policy Advisory Committee, chairing the sub-committee on corporate governance and internal control.
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Brought to you by:
Lisa Dorian, CA.CIA, CPA(IL)
President, PowellDorian
Lisa Dorian, President of PowellDorian, has worked with private and public companies, not-for-profit organizations, all levels of government and also within the financial services industry, providing compliance and control services, including those related to internal audit, corporate governance, enterprise risk management and most recently IFRS implementation. Lisa has held many senior financial positions within the public and private sectors before moving into her current compliance related activities. A past president of Financial Executives International Canada’s Vancouver Chapter, Lisa is a member of FEI Canada’s National Board and is also a member of FEI’s National Issues and Policy Advisory Committee, chairing the sub-committee on corporate governance and internal control.