Extractive Sector Transparency Measures Act
The Extractive Sector Transparency Measures Act (ESTMA) applies to payments made by oil and gas, and mining companies (both public and private) to foreign and domestic governments at all levels. This will eventually include Aboriginal groups. ESTMA is not restricted to Canadian headquartered companies, as foreign companies can be impacted if they have a place of business, do business, or have assets in Canada that meet certain size thresholds.
The Act implements Canada’s international commitments to participate in the fight against corruption through measures applicable to the extractive sector. The Act became effective on June 1, 2015 and is effective for all financial year-ends beginning after this date.
Please join us at the PASC luncheon on Wednesday, November 18th to learn more about ESTMA and how you can help your organization be prepared.
Speaker: Jacques Radder
Jacques Radder is leading PwC’s National Extractive Sector Transparency Measures Act (ESTMA) team from his position as manager in PwC Calgary’s Accounting Advisory Services practice. He has 7 years of experience working with public and private companies under IFRS and US GAAP. Originally from PwC South Africa, he joined the Assurance practice at PwC Calgary in 2011 after completing a 5 month secondment to PwC US.
Jacques brings experience from international audit engagements subject to group reporting requirements and has extensive experience in reviewing and commenting on internal control frameworks and accounting policies. In addition, Jacques’ experience includes providing his clients with pragmatic advice and solutions on complex accounting matters. He has significant experience in the upstream oil and gas, midstream and energy services industries.
PASC Members: $45.00 +GSTNonmembers: $55.00 +GSTLocation: Calgary Petroleum Club (319 - 5th Avenue SW)
Lunch will be provided with a non-alcoholic beverage, and dessert.