Enhancing management's discussion and analysis (MD&A): Summary guidance

Learn about CPA Canada’s general principles and disclosure framework for preparing MD&A reports.

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The MD&A is a core element of the communications package for external reporting purposes. It is a powerful communication tool for management to describe how the company has created value and how it plans to continue to do so. Recognizing this importance, Chartered Professional Accountants of Canada (CPA Canada) offers this summary guidance, intended to assist boards of directors, audit committees and members of senior management when preparing and issuing MD&A reports.

You will learn about:

  • the six general disclosure principles for MD&A
  • the elements of the MD&A disclosure framework
  • responsibilities of management, audit committees, boards of directors, and auditors in overseeing the quality and appropriateness of MD&A