Canada - IFRS compared to Canadian GAAP: An overview (KPMG)

The KPMG publication IFRS compared to Canadian GAAP: An overview – Third Edition 2010 is designed to assist in understanding the significant differences between IFRS and Canadian Generally Accepted Accounting Principles (Canadian GAAP). It does not discuss every possible difference between the two standards; rather, it is a summary of those differences encountered most frequently in practice, resulting from either a difference in emphasis or specific application guidance. The IFRS standards and interpretations included in this publication are those that have been issued at February 28, 2010 and that will be mandatorily effective for a calendar year-end company's IFRS reporting for 2011.