PowellDorian's Regulatory Recap

PowellDorian Services Inc. delivers leading corporate and 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

Apr 22, 2010:

The International Accounting Standards Board (IASB) posted a call for interest to public companies listed in the US who currently file financial reports with the US SEC in IFRS. Foreign Private Issuers, which will be mandated to file with XBRL in IFRS from 15 June 2011,are invited to participate in a pilot initiative being coordinated by the IASC Foundation regarding the use of the IFRS Taxonomy 2010 to tag SEC filings in XBRL. The IASC Foundation will accept applications until 15 May 2010.
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Apr 21, 2010:

The Public Sector Accounting Board (PSAB) is presenting a free webinar on Friday, May 7, 2010 from 12:30-13:30 EDT on the proposals in its Exposure Draft, "Financial Reporting by Government Not-for-Profit Organizations."
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Apr 21, 2010:

The Canadian Institute of Chartered Accountants (CICA) is presenting a free webinar on Tuesday, May 4, 2010 at 14:00 EDT that will highlight current activities for each of the financial reporting frameworks (IFRSs, private enterprises, not-for-profit organizations and pension plans).
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Canada Revenue Agency (CRA)

No news to report this week.

 


PUBLIC COMPANY REGULATORY UPDATE

OSC / BCSC / CSA / SEC / TSX

Apr 23, 2010:

Canadian regulators seek comment on proposed changes to national mining rule. The CSA is seeking comment by July 23, 2010 on its proposal to repeal and replace National Instrument 43-101 Standards of Disclosure for Mineral Projects, Form 43-101F1 Technical Report, and Companion Policy 43-101CP. The CSA is specifically seeking comment on whether to keep, modify or eliminate the short form prospectus trigger for technical reports.
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Apr 21, 2010:

Eight Canadian Securities Commissions sign Supervisory Cooperation Arrangement with China’s Banking Regulator (CSA). Eight members of the Canadian Securities Administrators (CSA) have recently signed a Supervisory Cooperation Arrangement with the China Banking Regulatory Commission (CBRC) in relation to the Qualified Domestic Institutional Investor (QDII) Program for Chinese commercial banks.
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FINANCIAL INSTITUTION REGULATORY UPDATE

OSFI / CDIC / CPA / Western Provincial Regulators

Apr 21, 2010:

The Financial Institutions Commission of BC (FICOM) published an insurance bulletin providing notification that the British Columbia Superintendent of Financial Institutions has adopted the federal Guideline D-10 for provincially incorporated insurers.
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Apr 19, 2010:

FICOM published on its website the Placement of Insurance with Unauthorized Insurers Return.
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CONSUMER PROTECTION / PRIVACY

FINTRAC / FCAC

No news to report this week.

 

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 corporate and regulatory 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 +1.778.588.7210 for more information.

 

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Brought to you by:

LisaDorian-President

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.


Contact Us:

PowellDorian Services Inc.
302 Water Street
Vancouver, British Columbia
V6B 1B6
Tel: +1.778.588.7210
www.powelldorian.com