IFRS + SOX + Bill 198

Found in IFRS, SOX | Tags: ,

Shades of SOX

As changes to financial reporting, IT systems, business processes and perhaps entity controls evolve throughout the IFRS conversion time frame, it’s critical that internal controls, especially those related to NI 52-109 and SOX 404 certification, are maintained, redesigned and operate effectively throughout the IFRS conversion project.

For most companies the experience of the SOX project is still fresh, and many of the same project oversights, support, monitoring and testing are applicable to IFRS. This would include:
• Documentation and testing of processes.
• Changes in certification process.
• Internal or external staff and Project leads.

The last thing a company wants to have happen is to let all of the SOX hard work and success be eclipsed by financial reporting problems related to IFRS.

Tags: ,

Related Posts: GFS Consulting – April 2010 e-Newsletter, IFRS + C-SOX Certifications – Regulatory, Ontario HST – How to Prepare for Implementation, IFRS and Canadian GAAP – IAS 40 – Investment Property, IFRS and Canadian GAAP – IAS 36 – Impairment of Long-Lived Assets, IFRS and Canadian GAAP – IAS 16 – Revaluation Model, GFS Consulting – October 2009 Newsletter, IFRS Project Management – Essential Workstreams in the 5 Phase IFRS Conversion Model, IFRS conversions – Lessons Learned, IFRS Project Management – Phase 5 of the 5 Phase IFRS Conversion Model – Post Implementation, IFRS Project Management – Phase 4 of the 5 Phase IFRS Conversion Model – Implementation, IFRS Project Management – Phase 3 of the 5 Phase IFRS Conversion Model – Solution Development, IFRS Project Management – Phase 2 of the 5 Phase IFRS Conversion Model – Design and Planning, IFRS Project Management – Phase 1 of the 5 Phase IFRS Conversion Model, IFRS Project Management – 5 Phase Conversion Model, IFRS Project Management – Commencing the Diagnostic Process, IFRS Project Management – Developing an IFRS Conversion Team, IFRS Project Management – Communications, IFRS Project Management – Tone at the Top, IFRS and Canadian GAAP – Data Collection Issues – Accounting Systems, IFRS and Canadian GAAP – Data Collection Issues – PP&E, IFRS and Canadian GAAP – Data Collection Issues – Impairment, IFRS and Canadian GAAP – Collecting Data – General Overview, IFRS and Canadian GAAP – Disclosures, IFRS and Canadian GAAP – Related Party Transactions, IFRS vs Canadian GAAP – Goodwill, IFRS vs Canadian GAAP – Provisions, IFRS vs Canadian GAAP – PP&E – Impairment, IFRS – Capitalization of PP&E Borrowing Costs, IFRS and PP&E – Commencement of Depreciation, IFRS – PP&E – Rules for Useful Life and Residual Value , IFRS and Change Management, IFRS – Investment Property and the Fair Value Model., IFRS and Canada – PP&E and Revaluation Model, IFRS vs Canadian GAAP – PP&E Componentization – Major Overhaul, IFRS vs Canadian GAAP – PP&E Componentization, IFRS vs Canadian GAAP – Statement of Cash Flows, IFRS vs Canadian GAAP – Financial Presentation, IFRS Terminology, SOX, Bill 198, 52-109 Consulting, IFRS Consulting in Canada, IFRS + Consulting, IFRS – Other Considerations, IFRS – IT Systems, IFRS Early Adoption in Canada 52-402, IFRS – Insights, Canadian IFRS – Private Companies Update, C-SOX / Bill 198 – Update August 2008, IFRS – Getting started, Strategic Planning Best Practices, What every Canadian CFO needs to know, C-SOX and it”s impact on Canada, Bill 198, MI 52-109, “C-SOX” and it’s impact on Canada

Leave a Reply