Perspectives on the Canadian Banking Industry

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OSFI Final Advisory on the conversion to IFRS by Federally Regulated Entities

The final advisory from OSFI on accounting and capital matters related to the conversion to International Financial Reporting Standards (IFRS) by Federally Regulated Entities (FREs) was released in March 2010.

After reviewing and commenting on the draft advisory, PwC has reviewed the final advisory in the context of changes from the draft version. Read this publication to find out about these changes and some of the impacts on non-insurance FREs as a result of this advisory.