Canadian initiative striving for uniform IFRS adoption dates
03 Nov 2015
As not having uniform adoption dates for IFRSs undermines the goal of consistent application of the standards in different jurisdictions, the Accounting Standards Board (AcSB) of Canada has launched an initiative striving for uniform IFRS adoption dates.
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 Andreas Barckow, president of the German standard-setter, who are also EFRAG interim president and EFRAG board member, respectively. They discussed international processes for endorsement, which may, depending on their length, lead to different effective dates. A summary of the meeting has been made available on the CPA Canada website.