Early Adoption of IFRS
The Canadian Securities Administrators recently issued an IFRS concept paper 52-402 on February 15, 2008 to invite discussion and feedback on various IFRS details including the option for early adoption of IFRS for financial years beginning 2009. Read more »

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. Read more »

There is an excellent article in the September 2008 CA Magazine regarding IFRS, and I thought it would be helpful to share the information with visitors to this website. Read more »

Canada will be adopting International Financial Reporting Standards (IFRS), effective January 1, 2011. This means that companies, for comparative purposes, will also be required to have their 2010 results reported using IFRS. Read more »

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Hot Topics

In other sections of this web-site there is discussion and information about C-SOX, Risk Management and Strategic Planning – all of which have been highlighted as top priorities for senior financial managers these days. There are two areas that we would like to point out – one is an emerging accounting development that will significantly change Canadian GAAP in the upcoming years (International Financial Reporting Standards), and another is a time saving, value adding process that will provide significant benefits to any organization (Performance Metrics). Read more »