Canadians Get Guidance On MD&A Disclosure

July 2003
Financial Executive;Jul/Aug2003, Vol. 19 Issue 5, p11
Academic Journal
This article reports that Canada's Chartered Accountants have issued new guidance to help companies improve Management Discussion and Analysis (MD&A) disclosures about off-balance sheet arrangements and related exposures. The author notes that this release is designed to encourage management to see MD&A as an opportunity to disclose more about its off-balance sheet arrangements than what may be included in the notes to the financial statements. Enron and similar corporations in the United States demonstrated the need for greater disclosure in this area, claims one representative of the Canadian Institute of Chartered Accountants' (CICA) Canadian Performance Reporting Board.


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