This excerpt taken from the X 8-K filed Jan 11, 2008.
Note 24. Canadian GAAP vs. US GAAP Differences
The following table summarizes the material differences in the accounting principles, practices and methods used in preparing Stelcos Consolidated Financial Statements under generally accepted accounting principles in Canada (Canadian GAAP) and methods that would be used under generally accepted accounting principles in the United States (US GAAP):