14-101 - Definitions [NI Amendment Advance Notice - Lapsed]
- BCN 2010/28 - Advance Notice of Repeal and Replacement of National Instrument 52-107 Acceptable Accounting Principles and Auditing Standards and Companion Policy 52-107CP and Amendments to National Instrument 14-101 Definitions and other Related Amendments [BCN]
1. National Instrument 14-101 Definitions is amended by this Instrument.
2. Subsection 1.1(3) is amended by
a. repealing the definition of “Canadian auditor’s report”; and
b. adding the following definitions:
“IFRS” means the standards and interpretations adopted by the International Accounting Standards Board, as amended from time to time;
“International Standards on Auditing” means auditing standards set by the International Auditing and Assurance Standards Board, as amended from time to time;
3. This Instrument comes into force on January 1, 2011.