You can save this article by registering for free here. Or sign-in if you have an account. By Jan. 1, 2011, small and medium Canadian companies will have to decide what standard to use in reporting ...
The Investment Industry Regulatory Organization of Canada intends to require all of its firms to adopt International Financial Reporting Standards. An IIROC notice issued Monday sets out the results ...
GAAP reports in detailed, precise formats; IFRS allows flexible, principle-based reporting. GAAP does not permit asset value recovery post-impairment; IFRS allows revaluation. IFRS does not mandate ...
International Financial Reporting Standards (IFRS) are destined to be the lingua franca of the international accounting world. Approximately 100 countries already require, allow or are in the process ...
The AICPA on Thursday submitted comments on the SEC’s proposed road map for the use of IFRS by U.S. public companies. The Institute recommended additional changes to financial reporting regulations, a ...
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All listed companies other than financial institutions can apply K-IFRS as early as 2009 on a voluntary basis. This alternative is somewhat as in India except that Indian Accounting Standards Board ...