IFRS Resources

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

 Overview & Introduction 

• Intro to IFRS - New online course
• Adoption of IFRSs: Background Information and Basis for Conclusions (AcSB)
• Transition to IFRS and certification of disclosure (Deloitte)
• The Lawyer, the Banker, the Investor and IFRSs (AcSB)
• The IFRS Journey to Readiness - Part 1 (KPMG)
• The IFRS Journey to Readiness - Part 2 (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)

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Planning & Communication 

• Client Development Brochure Series
• Financial Reporting in Canada under IFRS (2011 Edition) ($) (CICA)
• Getting Started
• Canadian Performance Reporting (CPR) alert - Year-End Round-Up (January 2011)
• Quarter-end financial communications guidance provided by Canada’s CAs and CIRI
• IFRS Readiness in Canada: 2010 (FEI)
• 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)
• Managing the Transition to IFRS: Moving forward (KPMG)
• Pre-2011 Communications about IFRS Conversions (CICA)
• Beyond Compliance: Strategic choices on the conversion to IFRS (Deloitte)

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Comparing Canadian GAAP and IFRSs 

• Financial Reporting in Canada under IFRS (2011 Edition) ($) (CICA)
• IFRS - Canadian GAAP Differences Series (BDO Dunwoody)
• Canadian GAAP – IFRS Differences
• Comparison of IFRSs (Part I) and Canadian GAAP (Part V) as of December 31, 2009 (130 pages) (AcSB)
• Summary Comparison of Canadian GAAP (Part V) and IFRSs (Part I) as of December 31, 2009 (34 pages) (AcSB)
• IFRS Compared to Canadian GAAP: An Overview (KPMG)
• iGAAP: IFRS for Canada, 3^rd Edition ($) (Deloitte)

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Canadian MD&A Disclosures on IFRSs 

• Canadian annual MD&As December 31, 2010 IFRS Disclosure Examples
• Transition to IFRSs - Communicating the Impact of the Changeover (CICA)
• The IFRS Changeover: A Guide for Users of Financial Reports (CICA)
• Canadian MD&A September 30, 2010 IFRS Disclosure Examples
• Canadian annual MD&As December 31, 2009 IFRS Disclosure Examples 
• Canadian MD&A September 30, 2009 IFRS Disclosure Examples 
• Canadian MD&A December 31, 2008 IFRS Disclosure Examples 
• 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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Income Taxes 

• Canada Revenue Agency - IFRS
• KPMG Webcast: How Will the New Income Tax Accounting Standard Affect Your IFRS Conversion Plan?

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Standard Specific Issues 

• Financial Reporting in Canada under IFRS (2011 Edition) ($) (CICA)
• First-Time Adoption of IFRS (CICA)
• 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 – 2010 (PricewaterhouseCoopers)
• Guidance on impairment in current market conditions (PricewaterhouseCoopers)
• IFRS Top 20 Tracker - 2009 Edition (Grant Thornton)

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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.
• IFRS Discussion Group
• IFRS Advisory Committee Meeting Notes
• Accounting Standards Board Decision Summaries
• 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 

• • OSFI Notices
  • Canadian IFRS Resource Web pages from Other Organizations
  • IFRS Newsletters & Updates

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Assurance Issues 

• • Reporting Implications of New Auditing and Accounting Standards (CICA, July 2011)
  • Now’s the time (CAmagazine December 2010)
  • Assurance Implications of the Changeover to IFRSs (CICA)
  • Assurance Issues (CAmagazine article)