The Exchange Seminar Series

Annual Financial Reporting and Regulatory Update 

MNP Provides Critical Updates to IFRS, Auditor Reporting, and Cannabis at Annual Exchange Series Seminar

During the latest installment of MNP’s Exchange Series, we highlighted some of the new standards and issues seen within International Financial Reporting Standards (IFRS) this year and examined new auditor reporting that will impact all public companies with a December 31, 2020 year end.

We also sat down with Michael Massoud from Chartered Professional Accountants Canada to discuss the current valuation of biological assets within cannabis.

The seminar culminated with a special presentation from the Ontario Securities Commission, which included their views on cannabis, cryptocurrency, leases, revenue and the aim at reducing the regulatory burden.

For more information regarding IFRS, contact Murtaza Dean, Public Company Quality Control Group, CPA, CA, CPA (Colorado), ACA, at 647.943.4094 or [email protected].

Any questions or concerns related to auditor reporting can be directed to Will Pullenayegum, CPA, CA at 416.596.1711 or [email protected].

Tools and Resources

If you were unable to attend the event or would like to gain a better understanding of the new IFRS standards, download the factsheets:

Contact our Public Companies Team

Will Pullenayegum

Will Pullenayegum CPA, CA

Senior Vice President, Quality, Risk & Compliance

Will Pullenayegum, CPA, CA, is a Partner with MNP’s Assurance and Accounting team in Toronto. Drawing on more than 20 years of experience in the audit and regulation of public companies, Will works closely with clients in a wide range of industries, including financial services, real-estate, utilities, oil and gas and mining. He tailors business solutions to meet clients’ unique requirements, helping enhance their success.

Will brings extensive experience working with local, national and international clients to improve audit quality through his in-depth understanding of audit standards, methodologies, deficiencies and risks. Before joining MNP, he was a senior director and the financial services leader of the Canadian Public Accountability Board, where he oversaw the regulation of public company audits across the country.

Will earned a Master’s degree from the University of Cambridge in 1999 and completed the Queens University Leadership program in 2012. He is a Certified Internal Auditor (CIA) and a Chartered Professional Accountant (CPA), qualifying as a Chartered Accountant (CA).

Will is a corporate director on the Sherbourne Health board and a member of the Association of Chartered Certified Accountants (ACCA) Global Forum for Audit and Assurance.