Discussion points included:

• Professional Skepticism
• Technology and Innovation
• Part C of the Code
• Strategy and Work Plan
• Future Strategy and Work Plan
• Fees
• Long Association
• IFAC Anti-Corruption Initiative

Review the highlights and the podcast on the IESBA's Web site.

In this context, the FSB noted the work of the Task Force on Climate-related Financial Disclosures (TCFD) and added:

Access to better quality information on climate-related financial risks is essential to enable market participants to better understand and manage these risks. Without the necessary information, market adjustments to climate change could be incomplete, late and potentially destabilising.

The FSB pointed out that the TCFD issued a consultation document with recommendations on climate-related disclosures in December 2016 that would be followed by June 2017 (and thus in time for the July G20 meeting in Hamburg) by the final report offering "a solution by the market for the market".

Review the full letter on the FSB's website.

To provide clarity, the page reviews the essential facts on the matter:

• The government’s campaign to facilitate the disclosure of wrongdoings
• To disclose or not to disclose?
  • Promote internal disclosure first
  • Carefully assess the situation and seek legal counsel, as needed
  • Document the rationale behind the disclosure and the steps taken
• Collaboration between the Order and government bodies
• Trends at home and abroad

The whistleblower regulations will be effective in Quebec under the Autorité des marchés financiers whistleblower program.

Review the guidance on the CPA Quebec's website.

The IFRS Taxonomy 2017 is consistent with IFRSs as issued by the IASB at January 1,2017 and incorporates the finalized taxonomy update 1 and the finalized taxonomy update 2, published by the IFRS Foundation in April and in December 2016 respectively. Final changes resulting from the proposed taxonomy update 3 published in December 2016 have been incorporated directly into the IFRS Taxonomy 2017.

On March 28, 2017, the IFRS Taxonomy team is holding two webinar sessions to answer questions about the IFRS Taxonomy 2017.

Review the press release and the IFRS Taxonomy 2017 page on the IASB's website.

Staff reviewed the social media disclosure of 111 reporting issuers to determine if they were consistent with the principles of National Policy 51-201 Disclosure Standards and the requirements of National Instrument 51-102 Continuous Disclosure Obligations by providing balanced disclosure and ensuring that information is not selectively disclosed or misleading.

The review found that a significant number of issuers, or 77 per cent, had not developed a specific governance policy to direct their disclosure practices on social media websites.

Review the press release and Notice on the CSA's website.

She has been reappointed as Vice-Chair for a two-year term ending on March 31, 2019.

Review the full list on the AcSOC's website.

Businesses are using DLT in a variety of ways. DLT may be used as the underlying technology in trading, clearing and settling securities.

“Many uses of distributed ledger technologies have the potential to increase transparency and efficiencies in our capital markets, and we are keen to support this type of innovation,” said Pat Chaukos, Chief of OSC LaunchPad. “Because this is a novel area, businesses may not be aware that some uses of this technology could trigger securities law requirements. We encourage these businesses to speak with us about securities law and investor protection requirements that may apply.”

Review the press release on the OSC's website.

The data was compiled from public documents filed on SEDAR and includes the name, industry and year-end of the 677 non-venture issuers with year-ends between December 31, 2015 and March 31, 2016 as it relates to women on boards and in executive officer positions.

Review the press release and the underlying data used to prepare CSA Multilateral Staff Notice 58-308 on the CSA's website.

These financial statements illustrate the presentation and disclosure requirements of IFRSs for the year ended December 31, 2016 by an entity that is not a first-time adopter of IFRSs and early adopts IFRS 9, Financial Instruments.

The publication includes:

• Section 1 — New and revised IFRSs for 2016 annual financial statements and beyond
• Section 2 — Model financial statements for the year ended 31 December 2016
• Appendix 1 — Early application of IFRS 9 Financial Instruments (as revised in July 2014)

Mr. Kabureck noted that the IASB would begin addressing non-GAAP earnings measures in its research project on primary financial statements. However, he stated that “[t]he challenge for us is to put some order and structure into the reporting of financial performance while simultaneously providing relevant information that faithfully represents the performance of the company.” Some of the challenges include EBIT, income before non-recurring items, income from core operations, and operating profit. Next, he provided three possible philosophical approaches when determining the composition of an alternative performance measure. These approaches included:

• Explicit requirements for composition.
• Managerial approach similar to segment reporting.
• Principles-based approach.

Finally, he discussed accounting policy disclosures that are being considered by the IASB.

Review the article on the IASB’s website.