On Nov. 11, just before the release of the SEC’s proposed road map for IFRS adoption, Mexico announced it would adopt IFRS for all listed entities beginning in 2012. Mexico plans to allow early adoption for some entities beginning with 2008 results subject to requirements that will be established by the country’s securities regulator.
Canada reconfirmed its plans to require its publicly accountable enterprises to follow IFRS as issued by the IASB by 2011.
SPONSORED REPORT
6 key areas of change for accountants and auditorsNew accounting standards on revenue recognition, leases, and credit losses present implementation challenges. This independently-written report identifies the hurdles that accounting professionals face and provides tips for overcoming the challenges.
PODCAST
How tax reform will impact individual taxpayersAmy Wang, a CPA who is a senior technical manager for tax advocacy at the AICPA, answers to some of the most common questions on how the new tax reform law will impact individual taxpayers.