The transition to IFRS in 2011 was one of the most complex accounting and reporting challenges faced by Canadian public accountable companies in recent history. Although most of Canada’s public companies now know what they need to do to comply with IFRS today, significant effort will be needed to stay current, as many IFRS standards continue to evolve. Many of the recent IASB projects are convergence projects with the US FASB, as the boards work towards the improvement of financial reporting.
How PwC can help
We have a proven track record in helping companies successfully complete the transition to IFRS and assisting them with complex IFRS accounting queries. Our industry-focused teams are ready to help you and can offer you the full benefit of our experience.