The Transition to IFRS: The Past Need Not Be the Future

Reprinted from the 2007-02 issue of Canadian Audit Committee Update, this article discusses how audit committee members should begin to discern the potential impact that the changeover to IFRS will have on current financial reporting. Audit committee members will want to understand some of the general similarities and differences between Canadian GAAP and IFRS and the accounting policy choices available on changeover, including the elective exemptions on first-time adoption of IFRS.

	Read the Audit Committee Institute publication The Transition to IFRS: The Past Need Not Be the Future File Name: TransitionIFRS_Pastnotfuture_4PG_WEB.pdf  File Size: 88kb
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