Tuesday, April 29, 2008

Countdown - Deloitte Canada’s IFRS transition newsletter

Deloitte Canada has released a Special Edition of the Countdown IFRS transition newsletter. It presents comments from the chair of the Canadian Accounting Standards Board (AcSB); information about AcSB's new omnibus exposure draft Adopting IFRSs in Canada; an interview with Ian Hague of the AcSB staff regarding the transition to IFRS; and IFRS events. In addition, Deloitte Canada has released the April 2008 issue of their Countdown newsletter. This issue covers (a) the proposed definition of Publicly Accountable Enterprises (PAEs) in order to help entities determine whether they are "in or out" of IFRS; (b) commentary on certain legal implications to enterprises transitioning to IFRS; and an update on current IFRS events. (Read the Countdown Special Edition or the Countdown - April 2008.)