IFRS Transition Resources

We have compiled a number of resources to assist you with your transition to IFRS. The resources are organized as follows:  

• Recently Added
• Overview & Introduction
• Implementing IFRS
• Get your copy of IFRS
• Income Taxes
• IFRS Financial Statements - Examples
• Standards compliance checklists and questionnaires
• Meeting Regulatory Requirements
• Board / Audit Committee - Are you IFRS-ready?
• Canadian MD&A Disclosures on IFRS
• Planning & Communication
• Future Changes to IFRSs
• Comparing Canadian GAAP & IFRS
• Standard Specific Issues
• Industry Specific Issues
• Available from Standard Setters
• Available from Other Organizations
• Other Issues
• Alphabetic List

Recently Added 

These are resources recently added to this section of the website (they are also included in the sections below):

• 20 Questions Directors and Audit Committees Should Ask about IFRS Conversions(CICA)
• The IFRS Changeover: A Guide for Users of Financial Reports (CICA)
• CSA Staff Notice 52-326 IFRS Transition Disclosure Review (July 2010)
• OSC Video (16 minutes), Transition to IFRS
• From the Trenches - IFRS Infocast, Episode 2:  IFRS Early Adopter – A Canadian Experience 
• Comparison of IFRSs (Part I) and Canadian GAAP (Part V) as of December 31, 2009 (AcSB)
• OSC Video on 52-718 MD&A Disclosure Review Results
• International Financial Reporting Standards Presentation and disclosure checklist (Deloitte)
• IFRSs in your pocket 2010 (Deloitte)
• IFRS compared to Canadian GAAP: An overview Third Edition 2010 (KPMG)
• International GAAP Disclosure Checklist (Ernst & Young)

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Overview & Introduction 

• Transition to IFRS and certification of disclosure (Deloitte)
• The Lawyer, the Banker, the Investor and IFRSs (AcSB)
• The IFRS Journey to Readiness (KPMG)
• Changeover to IFRSs: January 1, 2011 (AcSB)
• When 2011 Equals 2010 — The Journey To The IFRS World (AcSB)
• IFRS Conversion: Implications for CEO and CFO Certifications (KPMG)
• 20 Questions Directors and Audit Committees Should Ask about IFRS Conversions (CICA)
• IFRS: Get Ready (AcSB Presentation)
• IFRS Conversions: What CFOs Need to Know and Do (CICA)
• Preparing for Tomorrow’s Accounting Standards in a Global Marketplace (Shape Your Vision)
• Introduction to IFRS – Implications for Canadian Business (CICA eLearning course)
• The CICA’s Guide to IFRS in Canada (CICA)

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Implementing IFRS 

• Various tools and information for implementing IFRS in your organization, including:
  • Getting Started
  • Get your copy of IFRS
  • IFRS 1 – First Time Adoption
  • From the Trenches - IFRS Infocast (CICA)
  • Impact on Information Technology
  • IFRS Financial Statements - Examples
  • Standards compliance checklists and questionnaires
  • CSA Disclosure & Other Guidance
  • OSFI Notices
  • SEC Registrants
  • IFRS and Spreadsheets: A High-Risk Combination (CICA Committee- ITAC)

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Income Taxes 

• Canada Revenue Agency - IFRS
• KPMG Webcast: How Will the New Income Tax Accounting Standard Affect Your IFRS Conversion Plan?
• International Financial Reporting Standards Presentation and disclosure checklist (Deloitte)

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Canadian MD&A Disclosures on IFRS 

• The IFRS Changeover: A Guide for Users of Financial Reports (CICA)
• Canadian annual MD&As 2009 IFRS Disclosure Examples (based on December 31, 2009 filings)
• Examples of IFRS transition-related disclosure in Canadian issuer MD&As (based primarily on September 30, 2009 filings)
• Canadian MD&A 2008 IFRS Disclosure Examples (based on December 31, 2008 filings)
• Pre-2011 Communications about IFRS Conversions (CICA)
• CSA Staff Notice 52-326 IFRS Transition Disclosure Review (July 2010)
• OSC Staff Notice 52-718  IFRS Transition Disclosure Review (February 2010)
• OSC Video on 52-718 MD&A Disclosure Review Results
• CSA Staff Notice 52-320 (May 2008)

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Planning & Communication 

• Stakeholders and IFRS (CAmagazine)
• The IFRS Changeover: A Guide for Users of Financial Reports (CICA)
• Preparing your stakeholders for IFRS - (KPMG)
• Transition to IFRSs - Communicating the Impact of the Changeover (CICA)
• 20 Things to do before 2010 (Deloitte)
• Managing the Transition to IFRS: Positioning for Success (KPMG)
• The Road to a Cost-Effective Conversion - Maximizing the Return on Your IFRS Investment (Deloitte)
• Only Months To Go – IFRSs (Not the New Year) (AcSB)
• IFRSs: Guide for Procrastinators (AcSB)
• IFRS conversion: Who’s managing risks on the road ahead? (Deloitte)
• The Effects of IFRS on Information Systems (KPMG)
• Managing the Transition to IFRS: Moving forward (KPMG)
• 2009 Financial Reporting in Canada under IFRS (CICA)
• Pre-2011 Communications about IFRS Conversions (CICA)
• Beyond Compliance: Strategic choices on the conversion to IFRS (Deloitte)
• A practical guide to new IFRSs for 2009 (PricewaterhouseCoopers)

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Comparing Canadian GAAP and IFRS 

• IFRS - Canadian GAAP Differences Series (BDO Dunwoody)
• Canadian GAAP – IFRS Differences
• The CICA’s Guide to IFRS in Canada
• Comparison of IFRSs (Part I) and Canadian GAAP (Part V) as of December 31, 2009 (AcSB)
• IFRS Compared to Canadian GAAP: An Overview (KPMG)
• iGAAP: IFRS for Canada, 2^nd Edition ($) - Deloitte

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Standard Specific Issues 

• IFRS: The "Fair Value" Decision (Grant Thornton)
• IFRSs in your pocket 2010 (Deloitte)
• The Road to IFRS (Grant Thornton)
• International Financial Reporting Standards Pocket guide – 2009 (PricewaterhouseCoopers)
• Guidance on impairment in current market conditions (PricewaterhouseCoopers)
• IFRS Top 20 Tracker - 2009 Edition (Grant Thornton)
• A unique checklist of international standard-setting activities (Deloitte)

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Industry Specific Issues 

• A collection of resources addressing industry-specific issues

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Available from Standard Setters 

• Development of Canadian GAAP - Module 1 and Module 2
  Development of Canadian GAAP - Module 1 and Module 2 
  
  During this time of unprecedented change in accounting standards, the CICA has released a two-part video series that discusses the development of Canadian GAAP. The videos feature Trish O’Malley, Chair of the AcSB and Paul Cherry, former AcSB Chair. Module 1 provides an overview of how Canadian standards have evolved since the inception of the CICA Handbook – Accounting in 1967.  Module 2 discusses who sets Canadian standards.
• Adopting IFRSs in Canada, III
• IFRS Discussion Group
• IFRS Advisory Committee Meeting Notes
• Accounting Standards Board Decision Summaries
• IFRS – Get your copy of the standards
• Canadian Accounting Standards Board FYI Newsletters
• AcSB IFRS Bulletins
• IASB Updates (International Accounting Standards Board)
  • Board Podcasts
• IFRIC Updates (International Financial Reporting Interpretations Committee)
  • Interpretations committee meetings podcasts

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  Available from Other Organizations 

  • Canadian IFRS Resource Webpages from Other Organizations
  • IFRS Newsletters & Updates

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  Other Issues 

  • Assurance Implications of the Changeover to IFRSs (CICA)
  • Assurance Issues (CAmagazine article)
  • XBRL ("Interactive Data") Is Ready to Fly (Deloitte)