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In March 2006, the AcSB approved a Strategic Plan to govern its activities in the next
few years. To assist constituents in understanding and planning for the changes arising from the new
strategic directions, this web page provides information about the Plan and its implementation, including
documents for use by constituents in assessing an enterprise's situation in relation to the Strategic
Plan.
Strategic Plan
Publicly Accountable Enterprises
Not-for-Profit Organizations
Strategic Plan
- “Accounting Standards in Canada: New
Directions (PDF)”
- Bulletins
No. 1, “Global Positioning: the New
Direction (PDF)” (April 24, 2006)
No. 2, “Private Company Strategies: New
Directions (PDF)” (August 16, 2006)
No. 3, “Public Companies and the Move to
International Accounting: Getting There From Here (PDF)” (September 1, 2006)
No. 4, “Canada’s Move to International Financial
Reporting Standards: Frequently Asked Questions (PDF)” (January 19, 2007)
No. 5, “Adopting IFRSs: Next Steps – Ours and
Yours (PDF)” (September 7, 2007)
No. 6, “IFRSs in Canada: Cleared for
Take-off (PDF)” (March 2008)
- Background, including comments received on the Draft
Strategic Plan
Publicly Accountable
Enterprises
- “Publicly Accountable Enterprises ― The Road
to IFRSs (PDF)” February 22, 2008. A summary of changes to Canadian GAAP for publicly accountable enterprises
anticipated before the changeover date to IFRSs.
- AcSB Confirms Changeover Date to IFRSs (PDF)
(February 13, 2008)
- Final Report on the Progress Review — Steps
to IFRS Incorporation into Canadian GAAP (PDF) (February 5, 2008)
- Time for Common Accounting Standards —
Financial Post (PDF) (January 30, 2008)
- EIC Abstracts Review — IFRS Adoption (May 2008)
- Preliminary Report on the Progress Review ―
Steps to IFRS Incorporation into Canadian GAAP (PDF) (November 12, 2007
- Executive Summary of Preliminary Report on
the Progress Review ― Steps to IFRS Incorporation into Canadian GAAP (PDF) (October 26, 2007)
- “Progress Review ― Steps to IFRS
Incorporation into Canadian GAAP (PDF)”(July 31,2007)
- “Implementation Plan for Incorporating
International Financial Reporting Standards into Canadian GAAP (PDF)” (March 31, 2007)
- Bulletin No. 1, “Global Positioning: The New
Direction” (April 24, 2006)
- Bulletin No. 3, “Public Companies and
the Move to International Accounting: Getting There From Here (PDF)” (September 1, 2006)
- Bulletin No. 4, “Canada’s Move to
International Financial Reporting Standards: Frequently Asked Questions (PDF)” (January 19, 2007)
- Bulletin No. 5, “Adopting IFRSs: Next Steps –
Ours and Yours (PDF)” (September 7, 2007)
- Bulletin No. 6, “IFRSs in Canada: Cleared for
Take-off (PDF)” (March 2008)
- Summary Comparison of IFRSs and Canadian GAAP (PDF) (March 31, 2007)
- More detailed Comparison of IFRSs and Canadian GAAP (PDF) (March 31, 2007)
- “Implications of
Moving to IFRSs for Existing Canada/US GAAP Differences (PDF)” (March 31, 2007)
- “Reported Canadian/US GAAP Differences —
Summary of Survey of Canadian Annual Reports for Years Ending in 2006 (PDF)”
(January 17, 2008)
- “IFRSs — A Done Deal!” (May 5, 2008)
Enterprises that will be affected by the convergence with International Financial
Reporting Standards (IFRSs) should also review the AcSB's International Activities page, which links to active IASB projects and
documents for comment. The AcSB encourages the submission of well-reasoned arguments to the IASB on any
of these documents for comment, as these publications will affect Canadian enterprises in the future.
Not- for-Profit
Organizations
Not-for-profit organizations may also find it helpful to review some of the material
above for publicly accountable enterprises for those elements of GAAP that are applicable to their
circumstances.
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