Canadian publicly accountable enterprises must report under IFRS for 2011, including 2010 IFRS comparatives. Reporting issuers must also maintain NI 52-109 compliance during the IFRS conversion period and thereafter. CEOs and CFOs must be ready to complete NI 52-109 certifications for 2011’s first quarter with regards to filings that include IFRS financial statements (and 2010 IFRS comparatives). Companies must also prepare to disclose any material changes in internal controls over financial reporting, which may include changes resulting from IFRS conversion.
Download the PDF below to learn how to maintain efficient N1 52-109 compliance during the IFRS transition period and beyond.