In regard to international standards, REALPAC partners with other global real estate associations through its active participation in the Real Estate Equity Securitization Alliance (REESA). REESA’s objective is to develop consensus views globally on accounting and financial reporting matters, as well as on the application of accounting standards.
REALPAC’s leadership in financial best practices is recognized by the wider Canadian real estate investment and development industry through REALPACs “Recommended Accounting Practices for Real Estate Investment and Development Entities Reporting in Accordance with IFRS” and “Recommended Accounting Practices for Real Estate and Development Entities in Accordance with ASPE” handbooks; as well as IFRS accounting training courses, and various publications.
