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C-67.3 - Act respecting financial services cooperatives

Section 163
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163. The financial statements referred to in paragraph 4 of section 162 shall be prepared according to generally accepted accounting principles.
However, the Authority may, in respect of the financial statements indicated and where considered expedient by the Authority, prescribe accounting standards that include particular requirements or requirements different from those applicable according to generally accepted accounting principles. The requirements of such accounting standards may be discretionary.
The Regulations Act (chapter R‐18.1) does not apply to accounting standards or draft accounting standards.
2000, c. 29, s. 163; 2002, c. 45, s. 338; 2004, c. 37, s. 90; 2016, c. 7, s. 204; 2021, c. 34, s. 42.
163. The financial statements referred to in paragraph 4 of section 162 and the combined financial statements shall be prepared according to generally accepted accounting principles.
However, the Authority may, in respect of the financial statements indicated and where considered expedient by the Authority, prescribe accounting standards that include particular requirements or requirements different from those applicable according to generally accepted accounting principles. The requirements of such accounting standards may be discretionary.
The Regulations Act (chapter R‐18.1) does not apply to accounting standards or draft accounting standards.
2000, c. 29, s. 163; 2002, c. 45, s. 338; 2004, c. 37, s. 90; 2016, c. 7, s. 204.
163. The financial statements referred to in paragraph 4 of section 162 shall be prepared according to generally accepted accounting principles.
However, the Authority may, in respect of the financial statements indicated and where considered expedient by the Authority, prescribe accounting standards that include particular requirements or requirements different from those applicable according to generally accepted accounting principles. The requirements of such accounting standards may be discretionary.
The Regulations Act (chapter R‐18.1) does not apply to accounting standards or draft accounting standards.
2000, c. 29, s. 163; 2002, c. 45, s. 338; 2004, c. 37, s. 90.
163. The financial statements referred to in paragraph 4 of section 162 shall be prepared according to generally accepted accounting principles.
However, the Agency may, in respect of the financial statements indicated and where considered expedient by the Agency, prescribe accounting standards that include particular requirements or requirements different from those applicable according to generally accepted accounting principles. The requirements of such accounting standards may be discretionary.
The Regulations Act (chapter R‐18.1) does not apply to accounting standards or draft accounting standards.
2000, c. 29, s. 163; 2002, c. 45, s. 338.
163. The financial statements referred to in paragraph 4 of section 162 shall be prepared according to generally accepted accounting principles.
However, the Inspector General may, in respect of the financial statements indicated and where considered expedient by the Inspector General, prescribe accounting standards that include particular requirements or requirements different from those applicable according to generally accepted accounting principles. The requirements of such accounting standards may be discretionary.
The Regulations Act (chapter R‐18.1) does not apply to accounting standards or draft accounting standards.
2000, c. 29, s. 163.
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