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On February 13, 2008 the Canadian Accounting
Standards Board confirmed 2011 as the official changeover date for
publicly listed Canadian companies to start using International
Financial Reporting Standards (IFRS).
The transition will affect interim and annual
financial statements relating to years beginning on or after
January 1, 2011 and will significantly impact financial reporting
for all publicly accountable enterprises, including Canada's 4,500
publicly listed companies.
Canada's CAs have a comprehensive, online
roster of IFRS materials, seminars, self-study options and other
tools to assist companies through the transition process. Go to CICA's
IFRS website now.
February
13,
2008
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