Essential Workstreams are those areas which represent principle working groups responsible for achieving objectives in each Phase of the 5 Phase IFRS conversion project. Read more »

To achieve the expected outcomes of the conversion to IFRS, Canadian companies can draw on the experience of others – for example Europe and Australia, as the Canadian approach is developed. Read more »

The IFRS Implementation is considered to be complete when an organization is able to report under IFRS with its own financial reporting system, and without external support. Read more »

The overall objective of Phase 4 of the 5 Phase IFRS Project model (Implementation), is to sign off, implement, test and roll out solutions developed in the solution development phase. Read more »

The purpose of Phase 3 of the 5 Phase IFRS Project model (Solution Development) is to select accounting, reporting and tax solutions in compliance with IFRS requirements… Read more »

The goal of Phase 2  of the 5 Phase IFRS Project model (Design and Planning) is to set up the structure and project management organization. Read more »