Let Kaleut design the processes that maximize your results.
Effective 2011, Canada's public companies will be required to prepare their financial statements using International Financial Reporting Standards (IFRS). This conversion is one of the most fundamental changes the Canadian Accounting Profession has undergone in recent history.
At the heart of the conversion is the analysis and revision of accounting policies. These revisions will have significant cross-functional implications as the changes are implemented. In addition to the prospective changes, a significant portion of the conversion will be spent on the analysis and compilation of data to be able to restate prior periods for comparative fiscal periods.
Based on our discussions with clients, one of the biggest challenges is the implementation of IFRS while still "running the business". As a result, many companies have chosen to outsource their IFRS project.
Process Improvements and Internal Control
- Understanding and documenting your existing processes
- Corrective action and design of new processes
SOX / Bill 198 Compliance
- Corrective action
© 2009 KaLeut Strategies Inc.