IFRS are widely used in the world. Today approximately 117 nations, including all of Europe, permit or require IFRS for domestic listed companies. The Canadian Accounting Standards Board requires that Canadian GAAP for publicly accountable enterprises to be replaced by IFRS for fiscal years beginning on or after January 1, 2011.
Questions arise for financial statement users:
- What is timeline for the conversion?
- What are the compliance and filing requirements?
- What are the costs associated for public traded companies?
- How will the transition to IFRS in Canada impact private companies?
- What are the main differences between IFRS and current Canadian GAAP?
- How to compare financial statements of companies that adopted IFRS early versus companies that have not?
Join our luncheon seminar to find out the answers. Carla – Marie Hait, Chief Accountant and Manny Albrino, Associate Chief Accountant of the B.C. Securities Commission will review the key issues of Canadian companies adopting IFRS, followed by a Q&A session.
About the speakers:
As Chief Accountant of BCSC, Carla-Marie Hait provides accounting advisory services to all Divisions of the Commission. She participates in the development of legislation and policy. Currently she is working on a Canadian Securities Administrators project to develop changes to securities legislation necessitated by the changeover in Canada to IFRS. She liaises with professional accounting bodies and communicates with issuers and their advisors in matters related to financial reporting requirements. Prior to joining BCSC, Carla-Marie worked at KPMG Vancouver and Ottawa offices. She has a Bachelor of Commerce Degree from the University of British Columbia and is a Fellow of the Institute of Chartered Accountants of BC.
Manuele Albrino is
the Associate Chief Accountant at BCSC, and a Chartered Accountant. He has been working at BCSC for the past 9 years. In his previous role as a Senior Securities Analyst, he reviewed prospectuses and continuous disclosure of reporting issuers based in BC. Prior to joining the Commission, he spent 5 years in the public sector and 5 years in the private sector. He articled with KPMG after graduating from the Commerce program at University of British Columbia.
Lunch will be provided