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Learn about the risks of using ad-hoc spreadsheets to manage the conversion from Canadian GAAP to IFRS.
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Spreadsheets are invaluable dynamic tools that can provide a wide variety of functionality at a minimal cost. However, anything more than a simple spreadsheet has a high likelihood of errors and those errors can have a significant impact on the organization.
Companies relying on ad-hoc spreadsheets to convert from Canadian GAAP to IFRS are at an even higher risk because the information is reported externally.
IFRS and Spreadsheets: A High-Risk Combination discusses the risks associated with using spreadsheets to convert to IFRS and how to manage them:
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.
November 26, 2019
Innovative improvements and emerging technologies are shaping the future of oil and gas. Find out how at this annual, industry-driven conference for CPAs and financial professionals who work in Canadian energy.
December 9, 2019
We’re living in an age of digital transformation – and companies need skilled leaders on boards and committees who are up to the challenge. Harness the opportunities that change can bring at this must-attend annual event.