Implications of moving to IFRS

Will convergence of Canadian standards with IFRS eliminate existing differences between Canadian and US GAAP or will it create new differences? The document Implications of Moving to IFRS for Existing Canada/US GAAP Differences provides high-level summary information about the extent to which a move to IFRS would reduce or increase conflicts with US GAAP compared with those that currently exist. The summary covers significant conflicts only and does not include all of the differences that might arise in a particular entity’s circumstances.