NI 41-101: General Prospectus Requirements
Requirements for prospectus filings, including the financial statement disclosure requirements for issuers and acquired businesses.
Why NI 41-101 matters
Prospectus offerings require audited annual financials and reviewed interims, with specific historical periods. Pre-IPO issuers feel this most.
Framework: Canadian Securities Administrators: National Instruments
National Instruments (NI) are securities rules issued by the Canadian Securities Administrators (CSA). For reporting issuers, NIs dictate which accounting and auditing standards apply, what must be filed and when, and who must certify the filings.
Primary source: Canadian Securities Administrators
Frequently asked
What is NI 41-101?
Requirements for prospectus filings, including the financial statement disclosure requirements for issuers and acquired businesses.
Why does NI 41-101 matter for an audit?
Prospectus offerings require audited annual financials and reviewed interims, with specific historical periods. Pre-IPO issuers feel this most.
Which framework does NI 41-101 belong to?
NI 41-101 falls under Canadian Securities Administrators: National Instruments. National Instruments (NI) are securities rules issued by the Canadian Securities Administrators (CSA). For reporting issuers, NIs dictate which accounting and auditing standards apply, what must be filed and when, and who must certify the filings.
Related standards — Canadian Securities Administrators: National Instruments
See how Auditus checks NI 41-101
Auditus.ai runs PCAOB, ISA, and CAS engagements end-to-end and cites the exact standard behind every finding — including NI 41-101.