Ontario Business Corporations Act
Regulation 62 General
Section 40

Auditors And Financial Statements

(1) Subject to subsection (2), the financial statements referred to in Part XII of the Act shall be prepared in accordance with the standards, as they exist from time to time, set forth in the Handbook of the Canadian Institute of Chartered Accountants. O. Reg. 246/05, s. 6.

(2) An offering corporation may prepare the financial statements referred to in Part XII of the Act in accordance with such other standards as may be permitted in the rules made under section 143 of the Securities Act. O. Reg. 648/05, s. 1.