National Instrument 52-107 Acceptable Accounting Principles and Auditing Standards
Part 2 Application
Section 2.1

Application

(1) This Instrument does not apply to investment funds that are subject to National Instrument 81-106 Investment Fund Continuous Disclosure in respect of their reporting requirements as investment funds.

(2) This Instrument applies to

(a) all financial statements and interim financial information delivered by registrants to the securities regulatory authority or regulator under National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations,

(b) all financial statements filed, or included in a document that is filed, by an issuer under National Instrument 51-102 Continuous Disclosure Obligations or National Instrument 71-102 Continuous Disclosure and Other Exemptions Relating to Foreign Issuers,

(c) all financial statements included in

(i) a prospectus, a take-over bid circular or any other document that is filed by or in connection with an issuer, or

(ii) an offering memorandum required to be delivered by an issuer under National Instrument 45-106 Prospectus Exemptions,

(d) any acquisition statements, predecessor statements, or primary business statements, that are an operating statement for an oil and gas property that is an acquired business or a business to be acquired, that is

(i) filed by an issuer under National Instrument 51-102 Continuous Disclosure Obligations,

(ii) included in a prospectus, take-over bid circular or any other document that is filed by or in connection with an issuer, or

(iii) included in an offering memorandum required to be delivered by an issuer under National Instrument 45-106 Prospectus Exemptions,

(e) any other financial statements filed, or included in a document that is filed, by a reporting issuer,

(f) summary financial information for a credit supporter or credit support issuer that is

(i) filed under National Instrument 51-102 Continuous Disclosure Obligations,

(ii) included in a prospectus, take-over bid circular or any other document that is filed by or in connection with an issuer, or

(iii) included in an offering memorandum required to be delivered by an issuer under National Instrument 45-106 Prospectus Exemptions,

(g) summarized financial information of an acquired business or business to be acquired that is, or will be, an investment accounted for by the issuer using the equity method, that is

(i) filed by an issuer under National Instrument 51-102 Continuous Disclosure Obligations,

(ii) included in a prospectus, take-over bid circular or any other document that is filed by or in connection with an issuer, or

(iii) included in an offering memorandum required to be delivered by an issuer under National Instrument 45-106 Prospectus Exemptions,

(h) pro forma financial statements

(i) filed, or included in a document that is filed, by an issuer under National Instrument 51-102 Continuous Disclosure Obligations or National Instrument 71-102 Continuous Disclosure and Other Exemptions Relating to Foreign Issuers,

(ii) included in a prospectus, take-over bid circular or any other document that is filed by or in connection with an issuer, or

(iii) otherwise filed, or included in a document that is filed, by a reporting issuer, and

(i) all financial statements

(i) filed by an issuer under subsection 2.9(17.4) of National Instrument 45-106 Prospectus Exemptions,

(ii) delivered by an issuer under subsection 2.9(17.5) of National Instrument 45-106 Prospectus Exemptions, or

(iii) made reasonably available by an issuer under subsection 2.9(17.6) of National Instrument 45-106 Prospectus Exemptions.