Canada's public venture market has traditionally served as a catalyst of growth for many small-cap and early-stage companies. However, it has experienced a recent decline due to various factors, including a sustained collapse in commodity prices. In December 2015, the TSX Venture Exchange (TSXV) released a white paper outlining a revitalization plan to address weaknesses that have limited the success of the public venture market in Canada.
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On January 14, 2016, the Canadian Securities Administrators (CSA) updated Staff Notice 52-306: Non-GAAP Financial Measures and Additional GAAP Measures (Notice 52-306) to provide further guidance on disclosure of non-GAAP financial measures and to reflect the amendments to IAS 1 - Presentation of Financial Statements (IAS 1) concerning additional subtotals presented in financial statements. Notice 52-306 applies to both an issuer that uses International Financial Reporting Standards (IFRS) and to an issuer that uses accounting principles other than IFRS.
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2016 promises to be another year of significant regulatory activity, both internationally and domestically, of relevance to the Canadian financial sector. Set out below is a summary of some developing areas on our radar that could impact the Canadian financial sector in 2016.
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This memorandum summarizes key developments that public companies should consider in drafting their disclosures and reviewing their existing corporate governance policies and procedures in preparation for the 2016 annual reporting and proxy season.
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Important new standards for revenue recognition and leases are causing difficulty for corporate financial statement preparers, a new survey shows.
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With increased investor scrutiny and heavier workloads, four board seats now look like a lot.
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Here are three prerequisites for understanding why forecasts miss their mark and producing more accurate ones.
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