A while ago I received an email informing me of a newsletter available for Canadian accounting professionals detailing the transition from Canadian GAAP to international standards, IFRS. The newsletter is provided by The Finance Group, headed up by Gordon Heard, CA, and all three issues to date are available for download (in PDF format). TheContinue reading “A little help for the transition to IFRS”
Tag Archives: IFRS
IFRS and principles too weak to work?
Al Rosen, in the second of a three part series in the Financial Post about the transition from Canadian GAAP to IFRS: IFRS is too weak in its current form for investors to accept on par with current Canadian standards. Nonetheless, we are on course to implement IFRS in just three years. He quotes andContinue reading “IFRS and principles too weak to work?”
Protecting the public interest, Web 2.0 style
Richard Murphy’s on fire these days, taking it One World Trust, explaining the power of blogging and giving it to New York CPAs. Too many in accountancy see their role to be increasing the wealth of the wealthiest in our society… and they’re politically cynical enough to pander to their clients and ignore the ethicsContinue reading “Protecting the public interest, Web 2.0 style”
Inching towards international accounting standards in the US
In Canada, the Accounting Standards Board (AcSB) has already taken the first steps of convergence with international standards by outlining the plan under which publicly accountable enterprises will transition completely to IFRS. The change will occur over the next 5 years, and the Board expects the changeover process to be complete by fiscal years beginningContinue reading “Inching towards international accounting standards in the US”
Global ethics and international accounting standards
The Publish What You Pay campaign is where international politics, financial reporting, and the developing world intersect. The campaign seeks to force companies in extractive industries (such as oil and gas) to make public their payments to governments in the developing world. It began in 1999 with an “exposé of the apparent complicity of theContinue reading “Global ethics and international accounting standards”