Slaw (@slawdotca.bsky.social)

Canadian Securities Administrators (CSA) Propose Amendments to National Instrument 52-112 Non-GAAP Disclosure: Lessons for Governance and Legal Practitioners These changes are intended to update existing Canadian Non-GAAP (Generally Accepted Accounting Principles) disclosure standards to conform to the new international accounting standard, IFRS 18 Presentation and Disclosure in Financial Statements, which is effective for annual periods beginning on or after January 1, 2027. Background and Context IFRS 18 Impact: The IFRS 18 standard requires the disclosure of Management-Defined Performance Measures in a note to the financial statements, which would have removed them from the scope of the existing NI 52-112 definition of non-GAAP measures. Purpose: To continue providing investor protection and transparency, both in the financial statements and beyond . . . [more] The post Canadian Securities Administrators (CSA) Propose Amendments to National Instrument 52-112 Non-GAAP Disclosure: Lessons for Governance and Legal Practitioners appeared first on Slaw. http://dlvr.it/TR9fst