8:00 - 9:00 | |
Registration and Continental Breakfast |
9:00 - 9:15
Welcome and Opening Remarks from the Chair
Phillip Lev, Partner, Assurance and Advisory, Mintz & Partners LLP
9:15 - 10:15
IFRS: Latest Updates from the Accounting Standards Board
Ian Hague, Principal, Canadian Accounting Standards Board
- Update on the AcSB's strategy and implications for Canadian companies
- Detailed information on the new AcSB standards and how to prepare for them
- Emerging Issues Committee (EIC) activities and new abstracts
10:15 - 10:35 | |
Networking Break |
10:35 - 11:35
IFRS Convergence: What It Means for You
Clair Grindley, Senior Manager, Assurance and Advisory, Deloitte & Touche LLP
- IFRS and Canada's role in the global market after convergence
- Convergence of Canadian standards with IFRS
- How the inevitable change to IFRS will affect your company
11:35 - 12:35
Understanding the Main Differences between IFRS and Canadian GAAP
Kerry Danyluk, Partner, Complex Accounting and Transaction Expertise Group, Deloitte & Touche LLP
- Overview of significant differences between IFRS and Canadian GAAP
- Identifying areas of focus for prioritization of conversion efforts (areas that will cause the most headaches)
- Future IFRS developments that will impact Canadian adopters by 2011
2:00 - 3:00
Developing an Effective Implementation Plan
Luzita Kennedy, Senior Manager, Complex Accounting and Transaction Expertise Group, Deloitte & Touche LLP
- Starting points for conversion
- How to incorporate the IFRS conversion into your:
- internal and external communications
- MD&A and financial reporting documentation
- investor relations
- internal controls
- financial statements
- Practical advice on IFRS implementation
- Strategies used by those who have already implemented IFRS
- Challenges you may face during the conversion period and how to prepare for them
- Achieving sustainable IFRS reporting
3:00 - 3:20 | |
Networking Break |
3:20 - 4:50
Responding to New Changes in Business Combinations
Ross Pearman, Partner, Financial Services, Ernst & Young LLP
- Learn about changes being made to Business Combinations Section 1581 of the CICA Handbook with the introduction of Business Combinations Section 1582:
- Compare new standards from the FASB and the IASB
- Commentary on post-acquisition accounting for the consolidation, proportionate consolidation, and equity methods
- Review the approach to step acquisitions
4:50 - 5:00
Closing Remarks from the Chair
Phillip Lev, Partner, Assurance and Advisory, Mintz & Partners LLP
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