International Financial Reporting Standards

The resources below provide guidance and support for understanding and applying International Financial Reporting Standards (IFRSs).

Hot Topics

• Reporting Alert: Third Statement of Financial Position (1 page | CICA | 2013)
• Your Questions Answered: Responses to Questions Posed on IFRS 10, Consolidated Financial Statements; IFRS 11, Joint Arrangements; and IFRS 13, Fair Value Measurement
  (15 pages | CICA | 2013)

	Applying an existing standard Application considerations for specific standards including viewpoints on circumstances unique to extractive industries.			Applying a new standard CICA Reporting Alerts summarizing new and revised standards plus sortable table linking to additional resources.
	Preparing financial statements Illustrative financial statements, checklists and other resources.			Explaining it all to others Communicating with clients, lenders and other stakeholders.
	Monitoring developing changes to standards Analysis and assessment of pending changes, including links to exposure drafts and documents for discussion.			Adopting IFRS framework the first time Publications, courses and examples from companies that have already made the transition to IFRS.