Discussion Paper: Management Commentary
The CAC is aware of the recent letter sent to IASB by the CFA Center, in fact one of own members is also a member of the Corporate Disclosure Policy Council (Council). We fully support the view of the CFA Centre. The CAC would like to comment on aspects of the discussion paper that would, we feel have important consequences in Canada.
Overview of the Council’s Comments:
The CAC members would prefer that the Canadian security administrators continue to monitor actual MC disclosure for compliance, completeness and understandability and where appropriate add new disclosure requirements to address emerging issues or specific Canadian disclosure issues.