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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:
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Entering CPA Canada’s Awards of Excellence in Corporate Reporting is simple. Submit your 2016 corporate reporting materials online.
September 18, 2017
Jointly presented by CPA Canada and CPA Ontario, The ONE is the must-attend, multi-track event of the year, designed for all CPAs who want to be at the top of their game.