2009-01-16 ASC Continuous Disclosure Review Program 2008 Report

This newsletter contains the Alberta Securities Commission's 2008 report on its Continuous Disclosure Review Program.

The Alberta Securities Commission (ASC) has issued the 2008 report from its Continuous Disclosure Review Program. This year's report focuses on areas where disclosure can be improved, specifically with respect to the following:

• MD&A
• Financial statement deficiencies:
  • Note disclosure lacking sufficient insight
  • Accounting for share purchase warrants
  • New financial instrument disclosure
  • New capital disclosures
  • Going concern (S. 1400)
• Forward looking information
• New 52-109 certification requirements
• Disclosures about changeover to IFRS in 2011
• Special disclosure considerations in light of current market conditions

In addition to identifying areas where disclosure can be improved, the ASC has also provided illustrative examples of deficient disclosure, and examples of disclosure that complies with the requirements and provides useful information to the reader. At the end of each section, additional practice tips have also been provided to enhance disclosure.

A copy of the full report is attached below, and can also be accessed at the Alberta Securities Commission website: ASC Continuous Disclosure Review Program 2008 Report.

	2009-01-16 ASC Continuous Disclosure Review Program 2008 Report (217 KB) Download the full PDF report.