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Managing the Transition to IFRS: Moving forward

January 2009

Time is passing quickly for Canadian enterprises moving to IFRS. Important deadlines are approaching. However, conversion plans need to be flexible - the path to 2011 is unlikely to be straight and smooth.

In the fourth publication in this series, we review some factors to consider in deciding whether to move to IFRS on January 1, 2011 or to make an earlier changeover and, for SEC registrants, whether to report in US GAAP or IFRS. We also examine significant challenges for your changeover plans:


  • effectively anticipating changes in accounting standards through 2011 and beyond
  • making meaningful MD&A disclosures about your IFRS changeover
  • identifying the right project manager
  • developing a detailed project plan that will help ensure a smooth transition to IFRS.

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