IFRS - plan now!

I was in Seattle last week where, in my hotel bar, I met a bunch of folks who were attending a Business Intelligence (”BI”) conference. Road warriors are used to striking up conversations with strangers and, given the week, I thought most of my discourse would be about politics (the presidential debate was on) or [...]

it’s official - IFRS will replace Canadian GAAP by 2011

The Canadian Accounting Standards Board (AcSB) confirmed this week that International Financial Reporting Standards (IFRS) will replace Canadian GAAP effective January 1, 2011 for publicly accountable profit-oriented enterprises. Why the move? Businesses increasingly work in a global context - look at Business Ready: we provide our examples in both US and Canadian GAAP. [...]