The goal of Phase 1 of the 5 Phase IFRS Project model is to identify changes, differences, and business consequences of the IFRS conversion… Read more »

In successfully planning any project, one very useful tool is a project management model. The 5 Phase model for conversion of Canadian GAAP to IFRS is discussed in this web-site. Read more »

The Canadian GAAP to IFRS project should begin with a “scoping exercise” such as a gap analysis or impact assessment. Read more »

The structuring of a company’s Canadian GAAP to IFRS conversion team will be based at least partially on an impact assessment. This helps to make sure all potential issues identified are addressed. Read more »

Effective communications with all stakeholders will be essential for the successful conversion from Canadian GAAP to IFRS. Read more »

The conversion from Canadian GAAP to IFRS needs to be managed as a project. Read more »