IFRS Readiness in Canada: 2009

With Canadian companies facing the looming International Financial Reporting Standards (IFRS) deadline, a new PricewaterhouseCoopers-sponsored survey indicates that the state of readiness for transition varies widely. Conducted by the Canadian Financial Executives Research Foundation, IFRS Readiness in Canada 2009 Executive Research Report features results from senior financial executives from 256 organizations.

The report shares some companies have barely started migration, while others — many of the large, established public companies — are well on their way to meeting the 2011 deadline. Despite the fast-approaching conversion deadline, more than 12% of the 147 public companies surveyed had not yet taken the first step of starting their initial diagnostic assessments. Furthermore, roughly one in five private companies that intend to convert to IFRS stated they had also not yet begun the migration process.

IFRS Readiness in Canada: 2009 (2.07 MB) Download the full PDF publication.