The Canadian Accounting Standards Board (AcSB)
has proposed a two year delay in IFRS implementation for entities
with rate-regulated activities.
Canadian publicly accountable entities must
use IFRS for interim and annual financial statements relating to
annual periods beginning on or after 1 January 2011.
The AcSB said a two-year deferral period would
allow qualifying entities sufficient time to meet the requirements
of a new IFRS on rate-regulated activities in the event one is
issued late in 2011.
The AcSB is accepting comments until 31 August
and will issue its final decision in December.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
