2010-12-07 OSC Top 10 Tips for Public Companies Filing Their First IFRS Interim Financial Report

The Ontario Securities Commission has released its publication Top 10 Tips for Public Companies Filing Their First IFRS Interim Financial Report.

The Ontario Securities Commission has released its publication Top 10 Tips for Public Companies Filing Their First IFRS Interim Financial Report. The publication provides tips from the OSC on a number of topics affecting first-time IFRS interim financial reporting by Canadian publicly accountable enterprises, including

• Changes to acceptable accounting principles
• Auditor involvement with regulatory filings
• Q1 filing extension for first time IFRS filers
• Consequences of missing financial statement filing deadlines
• IFRS financial statement presentation
• Key financial statement notes in the first IFRS interim financial report
• Required reconciliations under IFRS 1
• Management’s discussion and analysis (MD&A)
• CEO/CFO certification
• Prospectus and other offering issues

The publication is available on the OSC's website at http://www.osc.gov.on.ca/documents/en/Companies/ifrs_20101124_issuer-guide.pdf.