Updated Canadian guides on the changeover to IFRSs
07 Mar 2011
The Canadian Institute of Chartered Accountants (CICA) has published the following new or updated guides dealing with the assurance and other implications of Canada's transition to IFRSs (links are to the CICA website):
- Reporting Implications of New Auditing and Accounting Standards (3rd edition) (PDF 749k) – guidance designed to address complex reporting issues that may arise during the period of change to IFRS with a view to promoting consistency in reporting
- Reporting on Financial Statements under Canadian Auditing Standards (PDF 184k) – designed to help stakeholders understand the decision-making process followed by the auditor when reporting on financial statements, and the form of auditor's report, under the Canadian Auditing Standards (CASs) which incorporate the complete set of International Standards on Auditing (ISAs)
- Assurance Implications of the Changeover to IFRSs (7th edition) (PDF 357k) – designed to provide guidance to auditors dealing with auditing and assurance matters arising from the changeover from existing Canadian GAAP to IFRSs.
