MNP Comment Letter - General Presentation and Disclosures Exposure Draft (Canadian)

Category: IFRS

MNP Comment Letter - General Presentation and Disclosures Exposure Draft (Canadian)


Thank you for the opportunity to comment on the above ED.

We have attached our letter to the IASB as an appendix to this letter. We have reviewed the Exposure Draft issued by the AcSB and set out below our response.

The IASB has developed the proposed amendments in accordance with its due process for application around the world. Assuming the Exposure Draft proposals are finalized and approved by the IASB in accordance with its due process, do you think that the proposals are appropriate for application in Canada? If not, please specify which aspects of the proposals, and what circumstances, make the accounting requirements proposed in the Exposure Draft inappropriate.

The proposed new standard would apply to all entities that prepare financial statements in accordance with IFRS. In Canada, a wide range of entities prepare their financial statements in accordance with IFRS, including not-for-profit organizations, public and private entities, government business enterprises, government business partnerships and other government organizations.

MNP Comment Letter - General Presentation and Disclosures Exposure Draft (Canadian)

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Michelle Balmer

Michelle Balmer CPA, CA

Vice President, Assurance

Michelle Balmer, CPA, CA, is a Senior Assurance Services Partner with MNP. With 14 years of experience in public practice, Michelle helps a broad range of public and privately held companies in a variety of industries. She also works on special projects, including costing studies, benchmarking and best-practice studies, operational analyses, litigation support and due diligence.

As a key member of MNP's Assurance team, Michelle has played an instrumental role in assurance policy development, implementing accounting and assurance standards firm-wide and educating assurance practitioners regarding methodologies and new pronouncements. She also provides technical advice and consultation on accounting and assurance issues, as well as on rules of professional conduct issues, to all MNP practitioners.

Michelle was certified a Chartered Accountant (CA) after obtaining a Bachelor of Commerce degree from the University of Alberta. She has been actively involved with the Institute of Chartered Accountants of Alberta, including the Chartered Accountants School of Business, in an instructional and marketing capacity. An avid volunteer, she has assisted numerous groups such as the Easter Seals of Alberta, Paralympic Sports Association and Junior Achievement of Northern Alberta.