International Financial Reporting Standards

By: Rieger  09-12-2011
Keywords: Ifrs

International Financial Reporting Standards (IFRS) represent a global movement towards a single, unified set of accounting standards recognized worldwide. More than 100 countries have changed to require IFRS reporting by public companies. Canada has decided to join this movement to provide Canadian organizations better access to international capital markets and investment opportunities.

IFRS – Gearing up for 2011
The Canadian Accounting Standards Board (AcSB) has approved the changeover date for the move to IFRS for year ends beginning on or after January 1, 2011. From that date on, companies are required to report their financial results using IFRS.

The move to IFRS is potentially extensive, both on an organization’s financial reporting and on its internal processes and policies. As a result, a significant investment in time, education and managing change is required to ensure a smooth and successful transition to IFRS.

Working closely with your team, MNP LLP can advise your organization on every facet of managing this change to help ensure a smooth, seamless transition to IFRS.

In addition to IFRS services, MNP has the knowledge and experience to assist with audit and assurance services as well as with through our group.

Keywords: Ifrs

Contact Rieger

Email - none provided

Print this page

Other products and services from Rieger

09-12-2011

Enterprise Risk

At MNP, our team of Enterprise Risk specialists will help you identify, evaluate and manage your risk exposure to protect your company’s reputation and assets. MNP’s Enterprise Risk specialists have helped businesses mitigate risk and remain profitable and reputable through a diverse suite of services including. Every type of business, no matter their size or the industry they operate in, is exposed to risk.