IFRS: Top 20 things to do before 2010Is your company where it should be? |
Deloitte’s IFRS professionals have developed a checklist comprising 20 key things ─ from the tactical to the strategic ─ that publicly accountable enterprises (PAEs) must focus on this year to keep their IFRS conversion on track for 2011.
This checklist is designed to help your company complete its preparation before 2010 for a seamless conversion. It is also intended to help you:
- Save money in the long run by investing the time and resources now, rather than completing the conversion on a rush basis with limiting options.
- Prioritize actions to be included in year-end progress reports required in management’s discussion and analysis (MD&A) for public companies in Q4 2009.
- Prevent or minimize known difficulties that are commonly encountered in practice by Canadian entities.
- Motivate immediate action by emphasizing that certain tasks cannot wait until 2011.
Your IFRS preparation test
To ensure that your enterprise is on track with the conversion, we recommend that you evaluate the checklist. If you are able to check off most of the top 20 items, you’re clearly headed in the right direction.
Ensure that your company is on track before 2010.
Download the checklist Top 20 things to do before 2010
(206.93 KB)
