IFRS (International Financial Reporting Standards) are globally accepted financial reporting standards that are developed by the International Accounting Standards Board (IASB). The IASB bases these standards on clearly articulated principles. Publicly Accountable Enterprises are required to produce financial statements using IFRS. These Canadian companies must review the changing standards to determine how it impacts their individual financial reporting.
Keep informed about up to date IFRS accounting information, trends and changes; on this page daily.
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Exposure Draft and comment letters—Property, Plant and Equipment—Proceeds before Intended Use (Proposed amendments to IAS 16)