Putting IFRS in motion: International Financial Reporting Standards (IFRS) and their impact on Canadian public companies

Download

More than 70 countries have mandated the use of International Financial Reporting Standards (IFRS) by public companies. While European public companies have been applying these standards since January 1, 2005, in Canada, the Accounting Standards Board (AcSB) has proposed that Canadian GAAP for publicly accountable enterprises will migrate to IFRS over a transition period in the next five years.