2010-09-13 AcSB Releases an Update to the Summary and Detailed Comparisons of Canadian GAAP and IFRS as of December 31, 2009

The staff of the Accounting Standards Board have issued an update to its summary and a detailed comparison of existing Canadian GAAP and International Financial Reporting Standards as of December 31, 2009.

The Staff of the Accounting Standards Board (AcSB) have prepared a comparison between the more significant aspects of IFRSs and the Canadian pre-changeover accounting standards set out in Part V of the Handbook as of December 31, 2009. The comparison is not comprehensive and does not attempt to cover all the similarities and differences between the two sets of standards.

The comparison is also available as a high-level summary. Both versions can be found on the AcSB’s website at the following links:

Summary: http://www.acsbcanada.org/international-activities/ifrs/item42075.pdf

Detailed comparison: http://www.acsbcanada.org/international-activities/item40211.pdf