IFRS in Motion: Keeping on Track

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Most Canadian public companies have completed their 2008 financial statement filings and are now preparing to dive into their International Financial Reporting Standards (IFRS) conversion.

For many of them, this means shifting focus from awareness of the differences between Canadian GAAP and IFRS at a high level to developing a much deeper understanding of these differences and wider implications of IFRS for their business. This starts by establishing a robust conversion plan, securing the right resources, engaging the organization at large and developing a detailed roadmap to completion.

This publication provides an overview of the key strategies common among companies that have successfully converted to IFRS.