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Canadian initiative striving for uniform IFRS adoption dates

  • IFRS - AcSB Image

Nov 02, 2015

On November 2, 2015, the Accounting Standards Board (AcSB) launched an initiative striving for uniform IFRS adoption dates, since not having uniform adoption dates for IFRSs undermines the goal of consistent application of the standards in different jurisdictions.

In October 2015, AcSB chair Linda Mezon and several board members of the AcSB met with Roger Marshall, chair of the British standard-setter and EFRAG interim president, and Andreas Barckow, president of the German standard-setter and EFRAG board member. They discussed the international processes for endorsement, which may lead to different effective dates.

A summary of the meeting is available on the CPA Canada's website.

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