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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:
It’s said that a crisis brings out the best in people and, in most cases, that’s true. But there is a dark side to tough times, as fraudsters prey on people who are uncertain and looking for easy answers.
March 18, 2020
The federal government’s actions and fiscal support to address the widespread and devastating economic fallout of the COVID-19 pandemic are welcomed by Chartered Professional Accountants of Canada (CPA Canada).
Listen to this special edition Practitioner’s Pulse webinar where we answer some frequently asked questions around practice management issues and some key financial reporting and auditing implications of COVID-19.