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KPMG in Canada

Managing the Transition to IFRS: The journey to 2011

Published by KPMG May 2007 Canada

Canada's move to IFRS affects publicly traded companies and other publicly accountable enterprises. Because of the magnitude of the change as well as its timing—some actions and decisions may be required as early as 2008—affected enterprises should act soon.

This publication focuses on the upcoming transition in Canada, its timing and how enterprises should be beginning to prepare. It describes what companies in Europe and Australia learned from their experience in 2005 and how our transition may be smoother in some ways but more challenging in others. Finally, it highlights where to find other resources providing more detailed insights and information.

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