CPA Canada responds to the Canadian Securities Administrators (CSA)'s updated non-GAAP proposals
CPA Canada has responded to the CSA's re-exposed Proposed National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosure. Learn about the key areas we believe require closer examination.
On February 13, 2020, the CSA published a revised version of the proposed instrument. The proposed instrument is intended to replace CSA Staff Notice 52-306 (Revised) Non-GAAP Financial Measures.
CPA Canada supports the CSA's efforts to formalize disclosure expectations related to non-GAAP and other financial measures and views this as an important step towards enhancing investor confidence in this area.
Our comment letter outlines key issues emerging from our work and outreach on the proposals.
For more information, please contact Rosemary McGuire, director, Research, Guidance and Support.