International Financial Reporting Standards (IFRS)
IFRS represents a complete change in the language of financial reporting. Are you comfortable with your level of understanding of how this change affects reported financial results? Specific standards continue to evolve—how are you continuing your learning? KPMG’s resources can help.
Differences between Canadian GAAP and IFRS affect some industry sectors more than others. What are the key implications for your industry sector? What are the global financial reporting trends in your industry?
KPMG offers a library of IFRS-related publications, tools, and other resources that we believe can help enterprises in understanding and adopting IFRS. While most will be relevant to all enterprises, some address special issues affecting particular industry sectors.
IFRS Webcast Series
IFRS professionals regularly produce and deliver webcasts on the latest IFRS standards and changes that are of interest to our clients.
Many Canadian enterprises have their IFRS conversion projects well in hand, but others fell behind and are working to catch up. What do you need to be doing to help ensure your enterprise will make a successful changeover and embed IFRS throughout your organization? KPMG’s resources can help.
Many IFRS standards affect tax reporting. Enterprises should understand the impact of all IFRS-related adjustments, when adopting these standards and on an ongoing basis. For your enterprise, what tax issues could arise from adopting IFRS?
Boards and audit committees need to provide effective oversight of the IFRS conversion process, as well as financial reporting in accordance with IFRS.
Are you involved with an enterprise’s board or audit committee? Visit our library of IFRS-related resources.