CICA report on MD&A discussion of IFRS
27 Jan 2011
The Canadian Institute of Chartered Accountants (CICA) has published a special year-end publication produced by staff from CICA's Canadian Reporting Performance Board, which reviews various considerations for companies in preparing their Management Discussion & Analysis (MD&A).
The publication notes the focus for the IFRS changeover discussion in the MD&A should be moving from reporting progress on the IFRS conversion plan to communicating the impact of the changeover. It also emphasises that users will want to understand how much of the change in reported performance in the first quarter of 2011 relates to business issues and how much relates to the change in accounting regime.
Click for CPR Alert Issue 12 (link to CICA website)
