The January 1, 2011 deadline for Canada’s conversion to International Financial Reporting Standards (IFRS) is fast approaching and yet there remains a great deal of uncertainty within the Canadian business community about IFRS and its impact. The following survey, conducted by PricewaterhouseCoopers (PwC) in conjunction with the Canadian Advocacy Council for Canadian CFA Institute Societies (CAC), gauged the level of knowledge, interest and communication surrounding IFRS from those Canadians who hold the Chartered Financial Analyst® (CFA®) designation. These included people in the analyst/investment community, CFOs and others — some of the biggest stakeholders of the IFRS conversion.
The survey revealed some interesting statistics regarding the areas of training/education, information sharing, size and industry, and management awareness as it pertains to CFAs and IFRS. The survey was conducted online in March-April 2009 and had 271 completed responses.