Migrating to IFRS - a final status report

The "Migrating to IFRS" blog was started in February 2006 as a pilot project of the Canadian Institute of Chartered Accountants (CICA). Since then, it has provided a focal point for disseminating information on research and guidance materials that facilitate the migration to International Financial Reporting Standards (IFRS). Over the last four years, there have been more than 750 postings and approximately 75,000 visitors in both English and French. Now, with numerous alternative sources of guidance, such as the CICA's Canadian Standards in Transition website and the IASB website, this blog has served its purpose.

IFRS Readiness in Canada: 2010 – Survey Highlights

The IFRS Readiness in Canada: 2010 Executive Research Report was prepared by the Canadian Financial Executives Research Foundation (CFERF) and was sponsored by PricewaterhouseCoopers. It comprises the results of a survey of senior financial executives from across Canada and the insights obtained through an Executive Research Forum held in Toronto on April 22, 2010. The study is the third in a series of annual surveys covering conversion activities in Canada. Read the highlights from the survey component of the report. The full study will be available July 2010.

US - AICPA's IFRS backgrounder updated through SEC work plan

Get an introduction to the movement behind the adoption of International Financial Reporting Standards (IFRS) for public companies throughout the world. The AICPA's just-updated IFRS Backgrounder discusses the regulators, standard setters and others who play a critical role. It also provides the timeline for convergence and adoption activities, including the Securities and Exchange Commission (SEC) announcement of its work plan. Some of the more important differences between US GAAP and IFRS are highlighted as well.

Canada - IFRS and Canadian GAAP Differences (BDO)

Both IFRS and Canadian GAAP are principle based frameworks, and from a conceptual standpoint many of the general principles are the same. However, the application of those general principles in IFRS can be significantly different from Canadian GAAP. Therefore, to understand the magnitude of the differences between IFRS and Canadian GAAP, it is essential to go beyond the general principles and look at the detailed guidance provided in the standards. This IFRS - Canadian GAAP Differences Series of publications by BDO Canada provides detailed information on the key differences between IFRS and Canadian GAAP.

Canada - IFRS compared to Canadian GAAP: An overview (KPMG)

The KPMG publication IFRS compared to Canadian GAAP: An overview – Third Edition 2010 is designed to assist in understanding the significant differences between IFRS and Canadian Generally Accepted Accounting Principles (Canadian GAAP). It does not discuss every possible difference between the two standards; rather, it is a summary of those differences encountered most frequently in practice, resulting from either a difference in emphasis or specific application guidance. The IFRS standards and interpretations included in this publication are those that have been issued at February 28, 2010 and that will be mandatorily effective for a calendar year-end company's IFRS reporting for 2011.