On April 7 the Accounting Standards Board issued its omnibus Exposure Draft (ED) “Adopting IFRS in Canada”. This can be downloaded in English and French from the following CICA IFRS Websites, respectively:
http://www.cica.ca/index.cfm/ci_id/44036/la_id/1.htm (English)
http://www.icca.ca/index.cfm/ci_id/44036/la_id/2.htm (French)
Readers are encouraged to look at the “Readers Guide to Adopting IRFS” before the ED itself. This is a good overview of what stays the same, what IFRS standards are already incorporated into Canadian GAAP, and what IFRS standards are expected to change before the 2011 implementation date. The ED also provides a link to download the full text of the IFRS standards as they existed on January 1, 2007 free of charge. (Yes - all 2,700 pages of them, don’t download to your Blackberry) You should also read the comments of Ron Salole, VP Standards CICA entitled “Don’t Stress over the Introduction of IFRS”.
Some good information and links are also available on the main CICA IFRS Websites at:
http://www.cica.ca/index.cfm/ci_id/39166/la_id/1.htm (English)
http://www.icca.ca/index.cfm/ci_id/39166/la_id/2.htm (French)
Deloittes, who developed the CMA series of IRFS seminars run last year, also have some very good IFRS material on their website. See their “Countdown to IFRS” newsletter at https://www.corpgov.deloitte.com/site/CanEng/menuitem.a1f3300cb77dea78311bc463027ea1a0/
Friday, April 11, 2008
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