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IFRS Advisory Committee
Purpose
Membership
Meetings
Additional information
The Accounting Standards Board (AcSB) established the IFRS Advisory Committee (IAC) in 2006 to provide support to the AcSB on technical issues arising during the period of incorporation of IFRSs into Canadian GAAP and beyond.
The purpose of the IAC is to assist the AcSB in implementing its Strategic Plan for accounting standards for Canadian public companies — that is, to replace the accounting standards in the CICA Handbook – Accounting with International Financial Reporting Standards (IFRSs) — and to maintain those standards beyond the changeover date to IFRSs.
Membership of the IAC comprises a Chair and 10-15 other members with a range of backgrounds and experience, including preparers and auditors of public company financial reporting. Members are expected to have a working knowledge of IFRSs.
The IAC met three times a year. At the discretion of the IAC Chair, meetings were generally open to public observation.
The IAC held its last meeting on July 22, 2009.
- Reports on IAC meetings are posted here.
The AcSB formed an IFRS Discussion Group (IDG) to assist the AcSB in identifying issues relating to the application of IFRSs in Canada. Further information on IDG is available here.
To obtain more information about the IAC, contact:
Karen McCardle, CA
Principal,
Accounting Standards Board
277 Wellington Street West
Toronto ON M5V 3H2
Canada
By phone at +1 (416) 204-3465 or
By fax At +1 (416) 204-3412.