Ian Seymour Elected President - The Institute of Chartered ...

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www.cica.ca/ifrs
The Chartered Accountants of Canada’s IFRS website is your trusted source for everything IFRS. It
provides one-stop access to the latest IFRS information and learnings, expertise from the profession,
and a broad range of resources and courses.
IFRS Resources
The CA profession offers a wide range of resources to help you facilitate a seamless transition to IFRS.
Courses, conferences, reference materials, downloadable publications, ideas on how to get started and
implementation tools are easily accessible at www.cica.ca/ifrs.
Here is a sampling of what is available.
• The CICA’s Guide to IFRS in Canada
Our quick reference guide includes a
comparison, prepared by the staff of the
AcSB, of the CICA handbook standards
with comparable IFRS standards
• Introduction to IFRS – Implications for
Canadian Business
Highly recommended for every Canadian
CA. This 3-hour e-learning course is an
excellent IFRS primer, providing the ABCs
of everything IFRS. It is free, offered in
English and French, and qualifies for CPD
credits.
• In-depth IFRS 1 – First Time Adoption
3-day program providing in-depth
coverage of key issues you and your
organization will need to address during
the transition to IFRS. Basic IFRS
understanding required.
Vancouver: Sept. 23-25
• IFRS Immersion
4-day program providing rigorous and
comprehensive coverage of major IFRS
requirements. Basic IRRS understanding
required.
Toronto: Dec. 14-17, Halifax: Aug. 10-13
• Research Skills for and IFRS World
This web-based 20-hour self study course
provides background on the accounting
methodologies in Canada, the US and
internationally. You will be provided with
FOLIO 6
•
practical research methodology guidance
as well as a completed research memo for
training purposes.
Financial Reporting in Canada Under IFRS
Provides practical IFRS explanations and
illustrations, focusing on the needs of
preoparers of financial statements and
practitioners.
…and for Your Clients
• IFRS Conversions: What CFOs Need to
Know and Do
Helps CFOs address conversion
implications, including consideration of
the conversion process itself and issues
relating to risk, stakeholder relations,
financial reporting, andinternal controls
which will be triggered by the transition.
• Pre 2011 Communications about IFRS
Conversion
This CPRB guidance discusses all aspects
of conversion and advocates a proactive
and transparent communication strategy to
serve preparers, investors, and analysts.
• 20 Questions Boards of Directors and
Audit Committees should ask about IFRS
Conversions
Discusses key considerations and the
questions board and audit committee
members should be asking now to ensure
their organizations are prepared for IFRS
conversions.
Changeover
to IFRSs:
Jan. 1, 2011
12 reasons to stay
the course
The Accounting Standards Board
(AcSB) says delaying the adoption
of International Financial Reporting
Standards due to the current economic
climate is not a viable option.
The AcSB recently released a paper
entitled, “Canadian Accounting
Standards, Changeover to IFRSs: January
1, 2011”.
This publication explains twelve factors
the Board considered for the 2011
changeover date for the adoption
of IFRSs by publicly accountable
enterprises.
January 1, 2011 is not an arbitrary date.
It was chosen after much discussion,
analysis of the factors that affect financial
reporting in Canada and examination of
all available options.
The key factors that were debated,
weighed and considered are discussed
within the bulletin. Costs and benefits
were carefully considered; vital
considerations in this time of restraint.
The various factors and progress to date
were reassessed last year. Canada is “on
track.” The AcSB continues to monitor
the situation in light of the current
market conditions and other factors.
Changeover to IFRSs: January 1, 2011,
can be accessed at the AcSB’s website at
www.acsbcanada.org.