Tuesday, December 27, 2011
Reporting Alerts on IFRS and related resources
Information on new and revised IFRS, together with CICA's Reporting Alerts are now made available on the CICA Canadian Standards in Transition website. Related resources that are targeted towards the needs of smaller public companies are also available.
Reporting Alerts provide an orientation to the standard by highlighting the significance, content and timing of the standard or regulation; summarizing key changes from any predecessor; and suggesting an action plan to follow.
Resources that provide application guidance will vary depending on the nature of the particular standard. They may include checklists, decision trees, questions and answers, and comparisons to former requirements.