Part 2 — Provincial Companies Subpart 1 Status and Powers of Provincial Companies
219 Standards of financial reporting
subsidiaries' audited financial statements to the Minister,
policyholders, shareholders or the public, the company must ensure
that the statements are prepared in accordance with the following:
(a) Canadian generally accept ed accounting principles, which
are the accounting standards set out in the CPA Canada
Handbook for publicly accountable enterprises, as published
by the Chartered Professional Accountants of Canada from
time to time;
(b) Canadian generally accepted auditing standards, which are
the auditing standards set out in the CPA Canada Handbook,
as published by the Chartered Professional Accountants of
Canada from time to time;
(c) generally accepted actuarial practices described in the
Standards of Practice of the Canadian Institute of
Actuaries, as amended from time to time;
(d) any modification of those pr inciples, standards or practices
established by the Minister or any additional requirements,
principles, standards or practices established by the
Minister.
(2) Repealed 2022 c11 s4.
(3) The Regulations Act does not apply to the modifications or
additional requirements, principles, standards or practices
established under subsection (1)(d).
RSA 2000 cI-3 s219;2014 cC-10.2 s178;2022 c11 s4