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Directors and audit committee members of
publicly accountable enterprises have an important new learning
resource to help them prepare for the 2011 transition to
International Financial Reporting Standards.
The CA profession's 20 Questions Boards of
Directors and Audit Committees should ask about IFRS Conversions
provides an overview of key considerations and the questions board
and audit committee members should be asking now to ensure their
organizations are prepared for Canada's 2011 conversion to IFRS.
Authors Rafik Greiss, CA, CPA (Illinois) and
Simon Sharp, CA of Ernst & Young LLP developed these carefully
targeted questions to help corporate board members evaluate their
preparedness for the transition. Key questions cover the
conversion process itself, as well as important related areas
including risk, stakeholder relations, financial reporting, and
internal controls.
20 Questions Boards of Directors and Audit
Committees should ask about IFRS Conversions is the latest
publication in the CICA's "20 Questions" briefing series
for Directors. This series provides an easy-to-read introduction
to issues of importance to directors. The question format reflects
the oversight role of directors which includes asking management -
and themselves - tough questions. The complete series is available
from the CICA's Risk
Management and Governance Board website.
February
12,
2008
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