Proposal to replace Canadian GAAP with IFRSs
01 Apr 2005
The Canadian Institute of Chartered Accountants' Accounting Standards Board (AcSB) has issued an Invitation to Comment on its draft strategic plan, Accounting Standards in Canada: Future Directions.
The draft plan includes the AcSB's proposal to follow separate strategies for public companies, private businesses, and not-for-profit organisations. Highlights:
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The deadline for written comments on the proposed strategies is 31 July 2005. Click to download the Invitation to Comment (PDF 458k).