Government of Canada / Gouvernement du Canada
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CCFTA Rules of Origin Regulations (SOR/97-340)

Regulations are current to 2021-09-11

SCHEDULE XIGenerally Accepted Accounting Principles

  • 1 Generally Accepted Accounting Principles means the recognized consensus or substantial authoritative support in the territory of a CCFTA country with respect to the recording of revenues, expenses, costs, assets and liabilities, disclosure of information and preparation of financial statements. These standards may be broad guidelines of general application as well as detailed standards, practices and procedures.

  • 2 For purposes of Generally Accepted Accounting Principles, the recognized consensus or authoritative support are referred to or set out in the following publications:

    • (a) with respect to the territory of Canada, The Canadian Institute of Chartered Accountants Handbook, as updated from time to time; and

    • (b) with respect to the territory of Chile, El Boletin Tecnico No. 1 del Colegio de Contadores de Chile, as updated from time to time.

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