8 PERCEPTION CAN CHANGE ON A DIME
A lot of people compete for the time of corporate
leaders. It’s understandable that they may view IFRS
as yet another component of a busy schedule. But this
change can affect the way outsiders see a firm, and
CEOs would do well to fully grasp that.
10 MAKE SURE BOARD ISN’T BORED
The IFRS learning curve will be steep for the board of
directors, so it’s important to make sure they see the big
picture rather than putting them to sleep by explaining
specifics that they will never deal with again.
14 EXPRESS DELIVERY
Bombardier and Canada Post are in the businesses
of moving people and goods around as quickly and
efficiently as possible. Turns out they’re no slouches
when it comes to putting new ideas into motion fast
as well. Both were among the first to complete the
switch to IFRS.
Canada is moving ahead with IFRS, the U.S. is not.
NO NEED TO PANIC,
AT LEAST NOT YET
So you haven’t done much when it comes
to tackling IFRS. No point in hitting the
panic button, but you do need an aggressive
plan to catch up and you need it now.
18 THE NEIGHBOURS ARE WATCHING
But the Americans are hoping to learn something
by keeping an eye on the neighbours.
28 TAKE A DEEP BREATH
What may seem like a perfect storm of regulatory
excess is causing anxiety for some. But it’s not as
bad as they probably think, experts say.
32 HOW DOES PARIS SOUND?
Those conversant with IFRS will have the opportunity
to shop their skills around the world because more
than 100 countries will be speaking the same language.
34 THE LONG VIEW
Stopgap IFRS measures won’t do much good.
Planning beyond 2011 is far more important, says
the leader for the Canadian Institute of Chartered
Accountants’ IFRS strategy.