IFRS readiness in Canada

The vast majority of Canada’s top financial executives don’t believe their staff is prepared for the 2011 conversion to International Financial Reporting Standards, according to a new survey co-developed by The Canadian Financial Executives Research Foundation and sponsor Ernst & Young. The survey, which is the second in a week to come to that conclusion (see “Few ready for IFRS changeover,” notes that manufacturing, retail and distribution industries lag furthest behind in the conversion process. (Read the web article IFRS conversion still far off, say C-suite executives or the IFRS Readiness in Canada– Executive Research Report.