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Canada hops on IFRS bandwagon
International financial reporting standards are coming to Canada.
The Canadian Accounting Standards Board has confirmed that IFRS will be required for all publicly traded companies beginning in 2011. Canada joins more than 100 other countries that have already adopted IFRS, and many of them say the benefits of convergence are huge.
And the U.S.? It's still working out the regulatory kinks, but rest assured that IFRS will soon invade the states as well. Stay tuned ...