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April 17, 2009 from CFO – “When the U.S. economy went into a tailspin last September after big financial institutions faltered and the credit markets seized up, many a project was put on the back burner. One was the Securities and Exchange Commission’s proposal to move all publicly traded U.S. companies to international financial reporting standards by 2016…”
180 View – Canada has a much more aggressive timetable for IFRS adoption than the US. We have heard of many Canadian companies investing significant dollars in getting ready. You have to wonder whether the costs of IFRS will ever be justified – especially now. Senior financial executives throughout corporate Canada are spending time ramping up for IFRS when they are more needed just to keep their companies afloat in the economic storm.
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