Regulators focusing on whether standards are likely to contribute to high quality audits
Amendments aimed at aligning tax law with new ASB standards
Association identifies competing regulatory requirements, lack of rules clarity, education and resource shortage as key challenges
Boyle named IFIAR incoming chairman
Canadian public companies may well adopt IFRS before the 2011 deadline
Exchange recommends changing the auditor’s role
Remaining US$250 million expected to be distributed later this year
The Canadian Institute of Chartered Accountants (CICA) is helping Canada’s public companies prepare for the conversion to International Financial Reporting Standards.The CICA is bringing together leading financial reporting experts to help participants anticipate the impact of IFRS and develop plans to ensure a smooth transition to international accounting standards in time for the 2011 deadline. […]
The regulator intends to advance recommendations to address unintended impact of new standards
Harshest criticisms reserved for fair value accounting requirements of IFRS