ADMN 3221H Chapter Notes - Chapter 1: International Accounting Standards Board, Toronto Stock Exchange, Integrated Reporting
Document Summary
Chapter 1 the canadian financial reporting environment. Institutional investors large corporations or corporate investors such as pension funds or mutual funds favourable cash flows. Information asymmetry: all stakeholders should have equal access to all relevant information. Parties involved in standard setting: canadian accounting standards board (acsb) International accounting standards board (iasb: the financial accounting standards board (fasb, securities and exchange commission (sec, provincial securities commission, ontario securities commission (osc) Ifrs must be used by public companies in canada understandable and international reporting standards (ifrss) for general. Financial accounting standards board and the securities and exchange commission: financial accounting standards board (fasb) the major standard- setting body in the united states, securities and exchange commission (sec) the u. s. counterpart of the. Ontario securities commission, which regulates the u. s. capital markets and supports the fasb by indicating that financial statements conforming with.