The following was provided by the Alberta Securities Commission (ASC), and would be of interest to those seeking more information on non-GAAP and other financial measures. For more information, visit the asc.ca website. Note that you can also find more in-depth learning on the topic through CPA Alberta’s PD opportunities.
Accurate, timely, and reliable reporting builds investor confidence, and the ASC wants to help you enhance your reporting of non-GAAP and other financial measures.
In May 2021, the Canadian Securities Administrators (CSA) published disclosure requirements for issuers that disclose non-GAAP and other financial measures on a voluntary basis.
The ASC’s Office of the Chief Accountant has monitored inquiries that have been submitted since National Instrument 52-112, Non-GAAP and Other Financial Measures Disclosure (NI 52-112) was published. Resulting from these inquiries, three key areas were identified where issuers and their advisors have raised numerous questions.
To provide easy-to-access information, each area is addressed through a short vignette webinar that delves into NI 52-112 application, scope, and disclosures on:
1. Non-GAAP financial measures definition and non-GAAP ratio frequently asked questions (FAQs),
2. Total of segments measure FAQs, and
3. Common disclosure FAQs.
To access each webinar, please visit the ASC’s website.
Remember, if you would require more in-depth learning on this topic, visit CPA Alberta’s PD Portal to find related learning opportunities.
