Canada - IFRS Conversion Checkup

January 1, 2011, is a date of great significance for accountants and publicly accountable enterprises (PAEs) in Canada. Less than two years away, it is the date for the much-anticipated switchover from Canadian generally accepted accounting principles (GAAP) to International Financial Reporting Standards (IFRS). How far have businesses travelled on the road to full preparedness for the change? A mixed picture emerges from the more than 4,000 PAEs in Canada. (Read more in the June/July 2009 CAmagazine article Conversion Checkup.)