Monday, October 01, 2007

Beyond IFRS

As Canada's Accounting Standards Board (AcSB) moves to adopt International Financial Reporting Standards (IFRS) for Canadian publicly accountable enterprises, some have asked whether there remains a need for an accounting standards-setting activity in Canada. There are a number of key areas where a national accounting standards-setter can contribute to the work of the international standards-setting partnership and there is indeed a continued role for a Canadian accounting standards-setting activity. (View the article Beyond IFRS)