8:30 - 9:00 | |
Registration and Continental Breakfast |
9:00 - 9:10
Welcome and Opening Remarks from the Chair
Dan Rollins, Partner, Deloitte & Touche LLP Vancouver
9:10 - 10:10
Latest Updates from the Accounting Standards Board
Ian Hague, Principal, Accounting Standards Board
- Overview of the AcSB's strategy
- Near-term and long-term implications for Canadian companies
- Highlights of new accounting standards and projects and how to prepare for them
- Timetable for IFRS adoption
10:10 - 10:25 | |
Networking Break |
10:25 - 11:15
IFRS Convergence: What It Means for You
Clair Grindley, Senior Manager, Assurance & Advisory, Deloitte & Touche LLP National Office
- 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
11:15 - 12:15
Road to Transition: A Look at IFRS 1 and a Discussion of First-Time Adoption
Carol Warden, Senior, Assurance and Advisory, Deloitte & Touche LLP Vancouver
Clair Grindley, Senior Manager, Assurance and Advisory, Deloitte & Touche LLP National Office
- Overview of IFRS 1 for first-time adopters
- Impact on the opening balance sheet and comparative periods presented
- Clarification of limited exceptions available on initial adoption
- Disclosures to explain the transition from previous GAAP to IFRS
- Key areas that may be impacted by initial adoption
1:30 - 2:30
Key Differences between Canadian GAAP and IFRS
Ian Hague, Principal, Accounting Standards Board
- Overview of significant differences between Canadian GAAP and IFRS
- Areas of focus when prioritizing your conversion efforts
- High level discussion of technical issues
2:30 - 2:45 | |
Networking Break |
2:45 - 3:45
Developing an Effective Implementation Plan: Lessons Learned In The Transition to IFRS
Wylie Hui, Senior Manager, Risk Advisory Services, Ernst & Young (Vancouver)
- Experiences of other countries' adoption of IFRS, and lessons that can be applied in Canada
- Creating a transition plan
- impacts of IFRS conversion on other areas of your organization, including financial reporting
- budgeting and allocating sufficient resources
- preparing the plan
- Monitoring the implementation
- Lessons learned from those in the conversion process
- Ensuring your employees receive training and education
- Communication and investor relations
3:45 - 4:45
Regulatory Perspectives on IFRS Conversion
Carla-Marie Hait, Chief Accountant, BC Securities Commission
Fred Snell, Chief Accountant, Alberta Securities Commission
- Panel discussion featuring a couple of securities commissions
- Current developments and latest IFRS considerations
- Tips and strategies from the regulators
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