|
New CA publication helps Directors and Audit Committee Members prepare for IFRS
transition
Directors and audit committee members of publicly accountable enterprises have an important new learning
resource to help them prepare for the 2011 transition to International Financial Reporting Standards. The CA
profession’s 20 Questions Boards of Directors and Audit Committees should ask about IFRS Conversions provides
an overview of key considerations and the questions board and audit committee members should be asking now to
ensure their organizations are prepared for Canada’s 2011 conversion to IFRS.
Authors Rafik Greiss, CA, CPA (Illinois) and Simon Sharp, CA of Ernst & Young LLP developed these
carefully targeted questions to help corporate board members evaluate their preparedness for the transition.
Key questions cover the conversion process itself, as well as important related areas including risk,
stakeholder relations, financial reporting, and internal controls.
You can download this publication from Transition to International Standards website at www.cica.ca/ifrs.
20 Questions Boards of Directors and Audit Committees should ask about IFRS Conversions is the latest
publication in the CICA’s “20 Questions” briefing series for Directors. This series provides an easy-to-read
introduction to issues of importance to directors. The question format reflects the oversight role of
directors which includes asking management — and themselves — tough questions. The complete series is
available from the CICA’s Risk Management and Governance Board website (www.rmgb.ca).
|
