FEI CANADA 2011 ANNUAL REPORT
FEI CANADA 2011 ANNUAL REPORT
FEI CANADA 2011 ANNUAL REPORT
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
<strong>FEI</strong> <strong>CANADA</strong> <strong>2011</strong> <strong>ANNUAL</strong> <strong>REPORT</strong><br />
TECHNICAL COMMITTEES<br />
<strong>FEI</strong> Canada’s two technical committees<br />
are the Committee on Corporate Reporting<br />
(CCR) and the Issues and Policies Advisory<br />
Committee (IPAC).<br />
CCR<br />
CCR provides technical advice and recommendations<br />
to regulators and standard<br />
setters on issues of importance to <strong>FEI</strong> Canada<br />
members. Led by Tyrone Cotie, the committee’s<br />
38 volunteer members submitted 12 letters<br />
of recommendation to the AcSB and IASB.<br />
The committee meets twice a year to discuss<br />
current issues with the Accounting Standards<br />
Board and the Canadian Securities Administration.<br />
Topics included:<br />
• Presentation of Items of Comprehensive<br />
Income<br />
• Insurance Contracts<br />
• Hedge Accounting<br />
• Financial Instruments: Amortised Cost<br />
and Impairment<br />
• Offsetting of Financial Assets and Financial<br />
Liabilities<br />
Vic Wells and Tyrone Cotie present Tricia O’Malley,<br />
former Chair of the AcSB, with an <strong>FEI</strong> Canada<br />
honourary membership<br />
IPAC<br />
IPAC develops positions on national issues,<br />
provides expert consultation to key stakeholders<br />
and influences emerging legislation that is<br />
relevant to <strong>FEI</strong> Canada members. Led by<br />
William Hewitt, IPAC worked in a steering<br />
committee format, to coordinate the work of<br />
the following task forces:<br />
/ 14
Change language