Open Range Energy Corp. Reports Third Quarter Results, Provides Operational Outlook and Announces First-Half 2010 Guidance Nov 17, 2009
In May 2009, the Canadian Institute of Chartered Accountants (CICA) amended its Handbook Section 3862, "Financial Instruments - Disclosures," to include additional disclosure requirements about fair value measurement for financial instruments and liquidity risk disclosures ... In May 2009, the Canadian Institute of Chartered Accountants amended Section 3862, "Financial Instruments - Disclosures," to include additional disclosure requirements about fair value measurement for financial instruments... (CCNMatthews Press Releases)
Destiny Resource Services Corp. Announces Q3'09 Results Nov 12, 2009
In February 2008, the Canadian Institute of Chartered Accountants ("CICA") issued Section 3064 "Goodwill and Intangible Assets", replacing Section 3062 "Goodwill and Other Intangible Assets". The new section is effective on January 1, 2009. (CCNMatthews Press Releases)
Metanor-To File Restatement of Financials Aug 26, 2009
The Company intends to change certain of its accounting policies in order to comply with Canadian Institute of Chartered Accountants' Accounting Guideline 11 (AcG-11"), "Enterprises in the Development Stage" and to respect the dispositions mentioned in the National Instrument 43-101 relating to the mining projects information ("NI 43-101"). These modifications reflect in particular, the opinion that as long as the Company did not proven mineral reserves and reach the criteria allowing her to be... (CCNMatthews Press Releases)
Pure Energy Services Ltd. Announces Results for the Second Quarter Ended June 30, 2009 Aug 13, 2009
On January 1, 2009, the Corporation adopted new accounting standards dealing with Intangible Assets issued by the Canadian Institute of Chartered Accountants ("CICA"). These new standards, which apply to fiscal years beginning on or after October 1, 2008 have been adopted retrospectively resulting in a restatement of prior period financial statements. (CCNMatthews Press Releases)
easyhome Ltd.: Reports Second Quarter 2009 Results Aug 12, 2009
"The Board of Directors has approved a dividend payment of $0.085 per share payable on October 6th, 2009 to the holders of common shares of record as at the close of business on September 22nd, 2009.About easyhomeAs at June 30, 2009, easyhome had 235 stores, including 209 Canadian corporate stores, thirteen U.S. corporate stores, seven U.S. franchised stores, five Canadian franchised stores and one licensed Canadian store. easyhome is Canada's largest merchandise leasing company and the third... (CCNMatthews Press Releases)
Firm Capital Mortgage Investment Trust Announces Strong Second Quarter Results Aug 7, 2009
Mortgage investments are stated at estimated fair value in accordance with Canadian Institute of Chartered Accountants ("CICA") Accounting Guideline 18. Fair value is the amount of consideration that would be agreed upon in an arm's length transaction between knowledgeable, willing parties who are under no compulsion to act. (CCNMatthews Press Releases)
White Rock Energy Inc. Announces Proposed Acquisition for Qualifying Transaction Aug 5, 2009
He was accepted into the Canadian Institute of Chartered Accountants in 1984. John Ayres, Director - Mr. Ayers is owner and partner of Freedom Pet Supplies located in Cambridge, Ontario and has over 25 years of experience in the pet industry. (CCNMatthews Press Releases)
Forzani Group Letter Urges Shareholders to Vote the WHITE Proxy Jun 4, 2009
-- June 2009 (nominated): Donald Gass, FCA, retired Senior Partner, Deloitte & Touche, past President, Canadian Institute of Chartered Accountants. -- 2007: Jay Peters, President of J. Peters & Company Inc., a retail industry management and marketing consultancy, and previously a senior executive with TLC Laser Eye Centres, Horizon International (a division of The Oshawa Group Ltd.) and Wendy's Restaurants of Canada Inc.. (CCNMatthews Press Releases)
Glass Lewis Recommends Shareholders Vote the WHITE Proxy in Support of Forzani Group Board Nominees May 28, 2009
Crescendo proposes to replace FGL's nominees Henri Drouin, who for 21 years ending in 2002 was Chairman of the Canadian hardware retail giant RONA Inc., and Donald Gass, a former partner with the accounting firm Deloitte & Touche LLP and a former President of the Canadian Institute of Chartered Accountants. Mr. Drouin, who is fluent in English and French, has been successful as a retail store owner, operator and franchisee in Quebec, and is a crucial local link between the Board and its Quebec... (CCNMatthews Press Releases)
Groundbreaking proposals unveiled for the inclusion of climate change data in annual reports May 26, 2009
Deloitte; Ernst ; KPMG ; PricewaterhouseCoopers ; Association of Chartered Certified Accountants ; Canadian Institute of Chartered Accountants ; International Federation of Accountants ; Institute of Chartered Accountants in England and Wales ; Japanese Institute of Certified Public Accountants. For further information. (EurekAlert!)
Forzani Group Mails Letter to Shareholders in Response To Dissident May 21, 2009
Don, who retired last year as a partner from Deloitte & Touche LLP, is a former President of the Canadian Institute of Chartered Accountants and holds the prestigious Fellow Chartered Accountant (FCA) designation. He has decades of business experience, including personal involvement in numerous mergers, acquisitions, asset dispositions and restructurings. (CCNMatthews Press Releases)
Canadian Hydro Announces Results for the First Quarter Ended March 31, 2009 May 14, 2009
Effective January 1, 2008, the Company adopted Canadian Institute of Chartered Accountants ("CICA") handbook section 3064 - "Goodwill and Intangible Assets" ... Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect, "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions. These statements involve known and unknown... (CCNMatthews Press Releases)
Open Range Energy Corp. Announces First Quarter Results, Renews $54 Million in Bank Lines and Provides Operational Outlook May 13, 2009
In February 2008, the Canadian Institute of Chartered Accountants (CICA) Accounting Standards Board (AcSB) confirmed the changeover to IFRS from Canadian GAAP will be required for publicly accountable enterprises for interim and annual financial statements effective for fiscal years beginning on or after January 1, 2011, including comparatives for 2010. The International Accounting Standards Board (IASB) has also issued an exposure draft relating to certain amendments and exemptions to IFRS 1. (CCNMatthews Press Releases)
FMX Ventures Inc.: Financial Statements and MD&A for the 12 Months Ended December 31, 2008 May 9, 2009
On January 1, 2008, the Company adopted the following new and amended Canadian Institute of Chartered Accountants (the "CICA") accounting standards. Section 1400 - General Standards of Financial Statement Presentation. (CCNMatthews Press Releases)
Cinch Energy Corp. Releases First Quarter 2009 Results May 7, 2009
The Canadian Institute of Chartered Accountants (CICA) has issued a number of accounting pronouncements, some of which may impact the Company's reported results and financial position in future periods ... Effective January 1, 2009, the Company adopted the recommendations of the Emerging Issues Committee ("EIC") of the Canadian Institute of Chartered Accountants ("CICA"), Abstract 173, "Credit Risk and the Fair Value of Financial Assets and Financial Liabilities". (CCNMatthews Press Releases)
Pick an IT vendor carefully May 7, 2009
The Canadian Institute of Chartered Accountants (CICA) has a standard called CICA 5970 for auditing the way outsourcing firms manage data. Also known by its U.S. name, SAS 70 (for Statement of Accounting Standards), the audit focuses heavily on security and access controls. (Globe and Mail -- Technology)
Pro-Trans Ventures Inc. and CPVC Bromont Inc. Announce Letter of Intent Apr 17, 2009
During her tenure as the Senior Vice President of Corporate Relations, PotashCorp's corporate reporting program received the Award of Excellence from the Canadian Institute of Chartered Accountants in three consecutive years (2004-2006), as well as top CICA honours in sustainability reporting, electronic disclosure and financial reporting during the same period. Melinda Park - Ms. Park has been practising law in the province of Alberta since 1992 and has been an associate and subsequently a... (CCNMatthews Press Releases)
U.S. moves to ease 'fair value' accounting rules Apr 3, 2009
Accounting standard setters in Canada will meet Monday to discuss the U.S. amendments, but have not decided yet if they will duplicate the same guidance offered by FASB, said Ron Salole, vice-president of standards at the Canadian Institute of Chartered Accountants. Mr. Salole said Canadian regulators were not keen on FASB's initial draft proposals because they were concerned about making a fundamental change to the principles of mark to market accounting. (Globe and Mail)
Theratechnologies Announces Financial Results of the First Quarter 2009 Mar 26, 2009
This information has been restated following the adoption of the Canadian Institute of Chartered Accountants ("CICA") Handbook Section 3064, Goodwill and Intangible Assets ... Effective with the commencement of its 2009 fiscal year, the Company has adopted the Canadian Institute of Chartered Accountants ("CICA") Handbook Section 3064, Goodwill and Intangible Assets, which will replace Section 3062, Goodwill and Other Intangible Assets, and Section 3450, Research and Development Costs. (CCNMatthews Press Releases)
Open Range Energy Corp. Announces 2008 Financial and Operating Results Mar 20, 2009
On January 1, 2008, the Corporation adopted the following standards contained in the Handbook of the Canadian Institute of Chartered Accountants (CICA): Section 1535 - Capital Disclosures, Section 3862 - Financial Instruments Disclosures and Section 3863 - Financial Instruments Presentation ... On January 1, 2008, the Corporation adopted the following standards contained in the Handbook of the Canadian Institute of Chartered Accountants (CICA): Section 1535 - Capital Disclosures, Section 3862 -... (CCNMatthews Press Releases)
Destiny Resource Services Corp. Announces 2008 Results and Annual Meeting of Shareholders Mar 11, 2009
In January 2006, the Accounting Standards Board ("AcSB") of the Canadian Institute of Chartered Accountants adopted a strategic plan for the direction of accounting standards in Canada. On February 13, 2008, the AcSB has confirmed that effective for interim and annual financial statements related to fiscal years beginning on or after January 1, 2011, International Financial Reporting Standards ("IFRS") will replace Canada's current Generally Accepted Accounting Principles ("GAAP") for all... (CCNMatthews Press Releases)
Peyto Energy Trust announces ten successful years with fiscal 2008 year end results Mar 5, 2009
Changes in Accounting Policies Financial Instruments - Disclosure and Presentation As of January 1, 2008, the Trust adopted Canadian Institute of Chartered Accountants ("CICA") Handbook Sections, Section 3862 "Financial Instruments - Disclosures" and Section 3863 "Financial Instruments - Presentation" which replaced Section 3861 "Financial Instruments - Disclosure and Presentation". The standards require disclosure on the significance of financial instruments to an entity's financial statements,... (PR Newswire)
Fairborne Energy Ltd. ("Fairborne") Announces 2008 Financial and Operating Results and Summary of Reserves Mar 4, 2009
On January 1, 2008, Fairborne adopted the new Canadian Institute of Chartered Accountants ("CICA") Handbook Section 3862 Financial Instruments - Disclosures which applies to both recognized and unrecognized financial instruments. These disclosures, which include the nature and extent of risks arising from financial instruments, are included in Note 11 of the consolidated financial statements. (CCNMatthews Press Releases)
PRT Announces Results for Fourth Quarter of 2008 Feb 28, 2009
Standardized Distributable Cash - a comparable measure of cash flow prepared under guidance issued by the Canadian Institute of Chartered Accountants - totaled $0 ... The Company's independent auditor has not performed a review of these financial statements in accordance with standards established by the Canadian Institute of Chartered Accountants for a review of interim financial statements by an entity's auditor. (CCNMatthews Press Releases)
HSBC Bank Canada - Results for the fourth quarter and year ended 31 December 2008* - Highlights Feb 20, 2009
QUICK SEARCH BY ORGANIZATION. FREE SUBSCRIPTION SERVICES. (Canada Newswire)
Canfor Pulp Income Fund Announces Fourth Quarter 2008 Results Feb 18, 2009
Effective January 1, 2008, the Fund adopted the Canadian Institute of Chartered Accountants' new Handbook Sections: 1535 "Capital Disclosures", 3862 "Financial Instruments - Disclosures" and 3863 "Financial Instruments - Presentation" ... Effective January 1, 2008, the Partnership adopted the Canadian Institute of Chartered Accountants' new Handbook Sections: 1535 "Capital Disclosures", 3031 "Inventories", 3862 "Financial Instruments - Disclosures" and 3863 "Financial Instruments - Presentation"... (CCNMatthews Press Releases)
Fourth Quarter Results Propel Home Capital to Record Performance in 2008: Earnings per Share Rise by 20% for the Year; Return on Equity was 27.8% Feb 17, 2009
As well, the Company entered into a hedge swap to manage the reinvestment risk between the amortizing MBS pool and the CMB. These transactions do not qualify for hedge accounting under Canadian Institute of Chartered Accountants (CICA) Handbook Section 3865, Hedges and therefore the Company must mark-to-market the swaps through the consolidated statements of income. The notional values of the seller swaps and hedge swaps at December 31, 2008 were $1. (Canada Newswire)
