IFRS Readiness in Canada 2010

The Canadian Financial Executives Research Foundation (CFERF) has issued the third installment of its IFRS Readiness in Canada series. This study, IFRS Readiness in Canada 2010,  found that in their four-month race to convert to IFRS, small and medium-sized companies are not as far along in their conversions as large companies. One worrisome find was that nearly one in three companies with revenues of less than $49 million said they did not have the resources required to implement the conversion. As of the spring of 2010, only half of public companies were 60% of the way along the conversion project. The research study is sponsored by PricewaterhouseCoopers (PwC).