OSC – Filing Deficiencies in Issuers’ First IFRS Interim Financial Reports

The Ontario Securities Commission (“OSC”) has released IFRS Release No. 1 – Filing Deficiencies in Issuers’ First IFRS Interim Financial Reports. This report details the most common deficiencies found in the initial interim IFRS filings. Reporting issuers who have filed documents with these deficiencies have been asked to re-file their interim financial reports along with revised CEO/CFO certificates.
The following recurring deficiencies have been identified in IFRS filings to date:
• Missing IFRS 1 reconciliations
• Missing opening IFRS statement of financial position
• Missing statement of changes in equity

You can find the complete report with additional details of the deficiencies HERE.