Tuesday, October 06, 2009

Canada - KPMG guidance on managing the transition to IFRS

Deadlines are looming in Canada’s move to International Financial Reporting Standards (IFRS). Publicly-accountable enterprises are discovering new obstacles and increasing challenges. According to a recent survey by KPMG, many Canadian enterprises have been moving relatively slowly so far. In response, KPMG Canada has published Managing the Transition to IFRS: Positioning for success. This publication will help many enterprises understand how the current economy is creating new complications and making the timing of changes much less predictable. It focuses on an enterprise’s conversion project, examining what might go wrong and how to manage the risks.