Canadian Accounting Standards - Adopting IFRS: Next Steps

Progress is definitely on track for the adoption of International Financial Reporting Standards (IFRS) by Canadian publicly accountable enterprises, starting January 1, 2011. As with any complicated journey, progress reports and check points are needed. This Bulletin #5 covers the next steps for Canada’s Accounting Standards Board (AcSB) and points to the advance planning decisions that publicly accountable enterprises should take. Planning in many cases will be industry-specific.