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Learn more about the changeover to International Financial Reporting Standards (IFRS) so that you can better understand their effect on the financial statements.
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The IFRS conversion will have a significant impact on the nature and format of information included in financial statements. Users of financial reports must be able to distinguish reported performance changes caused by the IFRS transition from those caused by changes in the business. If you want to make better sense of financial reports under IFRS, check out The IFRS Changeover: A Guide for Users of Financial Reports.
Prepared by Chartered Professional Accountants of Canada (CPA Canada), Deloitte and Veritas Investment Research, this report addresses what financial statement users should know about the switch to IFRS, including:
Canada’s accounting and auditing standards boards have a lot going on. Make sure you stay up to date on changes and get involved in standards development through the boards’ webinars and events.
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Financial sustainability and digital disruption are influencing the future of NFPs. Be equipped to lead through complex change by attending Canada’s premiere event for not-for-profit leaders.
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