PowellDorian's Regulatory Recap

PowellDorian delivers leading corporate and regulatory compliance solutions to organizations within all industry sectors throughout Western Canada. To help you meet your corporate objectives and enhance and protect your stakeholder value, we closely follow regulatory activities in all the industries we serve.

Here is your single source of this week's most significant regulatory news, to save you time and effort better spent focusing on your business.



ACCOUNTING AND TAXATION UPDATES

CICA / IASB

July 7, 2010:

The International Accounting Standards Board (IASB) staff posted several short podcasts on the leasing project and the hedging phase of the project to replace IAS 39 Financial Instruments: Recognition and Measurement. These podcasts are the first in a series about the models being developed by the IASB.
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Canada Revenue Agency (CRA)

No news to report this week.

 


PUBLIC COMPANY REGULATORY UPDATE

OSC / BCSC / ASC / SSC / MSC / CSA / SEC / TSX

July 9, 2010:

The Canadian Securities Administrators (CSA) published Staff Notice 51-332 Continuous Disclosure Review Program Activities for the fiscal year ended March 31, 2010, which summarizes the results of the CSA’s continuous disclosure review program, and includes detailed examples of the common deficiencies found during the reviews in financial statements, Management’s Discussion and Analysis (MD&A) and oil and gas disclosure, to assist reporting issuers in avoiding pitfalls that the CSA continues to see in disclosure documents.
Read More »


FINANCIAL INSTITUTION REGULATORY UPDATE

OSFI / CDIC / CPA / Western Provincial Regulators

July 7, 2010:

The Office of the Superintendent of Financial Institutions (OSFI) posted questions and answers on the impact of the recently adopted regulations which included changes to the funding rules for pension plans for plan year ends on or after December 31, 2009.
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July 5, 2010:

The Alberta Superintendent of Financial Institutions (ASFI) posted updated forms related to credit unions and trust corporations on its website.
Read More »


CONSUMER PROTECTION / PRIVACY

FINTRAC / FCAC

No news to report this week.

 

About PowellDorian Services Inc.

PowellDorian is a leading professional services firm based in Vancouver, providing all-inclusive regulatory compliance solutions to companies from a wide range of industries throughout Western Canada. Through our years of serving private and publicly traded small-to-medium size enterprises, start-ups, financial institutions, not-for-profit organizations, and crown corporations, PowellDorian has become the trusted choice to provide compliance related services.

Our team of professionals, including lawyers, accountants, internal auditors, risk management and business process experts, possess over 75 years of combined experience from a wide range of industries and help our clients achieve their corporate objectives. With our vast experience and in-depth knowledge related to general counsel services, internal auditing, risk management, corporate governance, financial reporting, NI 52-109 / SOX certification, and IFRS conversion, our clients are confident that we can help overcome any regulatory challenge at any stage of the business, on time and on budget.

How can we help you? Feel free to email us at info (at) powelldorian.com or contact us via phone at +1.778.588.7210 for more information.

 

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Brought to you by:

LisaDorian-President

Lisa Dorian, CA.CIA, CPA(IL)
President, PowellDorian

Lisa Dorian, President of PowellDorian, has worked with private and public companies, not-for-profit organizations, all levels of government and also within the financial services industry, providing compliance and control services, including those related to internal audit, corporate governance, enterprise risk management and most recently IFRS implementation. Lisa has held many senior financial positions within the public and private sectors before moving into her current compliance related activities. A past president of Financial Executives International Canada’s Vancouver Chapter, Lisa is a member of FEI Canada’s National Board and is also a member of FEI’s National Issues and Policy Advisory Committee, chairing the sub-committee on corporate governance and internal control.


Contact Us:

PowellDorian Services Inc.
3rd Floor, 302 Water Street
Vancouver, British Columbia
V6B 1B6
Tel: +1.778.588.7210
www.powelldorian.com