The Road to IFRS

It might be only four years until Canadian publicly accountable enterprises are required to prepare their financial statements in accordance with International Financial Reporting Standards (IFRS). For many, this will require significant education and planning to understand and consider how best to apply the requirements of IFRS. In some cases, this will provide an opportunity for a fresh look at accounting policies. Those who plan early are likely to be best prepared for the opportunities and challenges posed by the changeover (see The Road to IFRS).