Putting IFRS in motion: The impact of International Financial Reporting Standards (IFRS) on the Canadian mining sector

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The mining industry is one of the world's most global industries. Many countries now require companies to prepare their financial statements in accordance with International Financial Reporting Standards (IFRS). The move to adopt IFRS has advanced the transparency and comparability of financial statements around the world.

For many Canadian mining companies, implementing IFRS into their business may seem like a complicated and daunting task. But business leaders in this industry can manage the size and complexity of implementation by planning ahead.

There are numerous accounting differences between Canadian GAAP and IFRS that a mining organization must carefully consider before adopting IFRS.

The following brochure discusses the unique challenges that senior management in the Canadian mining sector will face as they move ahead with implementation, as well as how PwC’s team of experienced IFRS professionals can help. PricewaterhouseCoopers teams in Canada and around the world have worked with an impressive list of mining clients in implementing IFRS. Our mining IFRS Group has developed mining specific solutions for a wide range of accounting issues and plays a key role in resolving new issues that emerge.