2010-10-18 Closing the GAAP: New Canadian GAAP Pronouncements (Developments to September 30, 2010)

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This Newsletter presents a summary of new Canadian GAAP pronouncements relevant to financial statements prepared in accordance with Canadian GAAP (updated to September 30, 2010).

The attached memorandum summarizes Canadian GAAP pronouncements that must be applied, if applicable, for the first time to a company with a calendar year-end that is preparing financial statements in accordance with Canadian GAAP. This newsletter sets out new requirements by the calendar year in which they are first effective. Unless otherwise noted, developments relate to Canadian GAAP as set out in Part V of the CICA Handbook.

The listing includes the following pronouncements:

• CICA Accounting Handbook Sections (“CICA”)
• CICA Accounting Guidelines ("AcG")
• Emerging Issues Committee Abstracts of Issues Discussed (“EIC”)

This Newsletter supersedes the information in previous Newsletters: 2010-07-08 Closing the GAAP: New Canadian GAAP Pronouncements (Developments to June 30, 2010, including CICA Release, April 2010), and will be updated quarterly.