The Canadian Accounting Standards Board (AcSB) requires publicly accountable enterprises to use IFRS in the preparation of all interim and annual financial statements.

Most private companies also have the option to adopt IFRS for financial statement preparation.

Topics

• Impact on filing
• Impact of the IFRS on taxable income
• Publicly accountable enterprises (PAEs)
• Books and records guidance
• Definitions for International Reporting Standards (IFRS)