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Project Planning and IT Considerations During an IFRS Conversion Project

BY GIANLUCA GARBELLOTTO, JANIS W. PARTHUN, CPA/CITP AND GREG ZEGAROWSKI, CPA

Please note: This item is from our archives and was published in 2010. It is provided for historical reference. The content may be out of date and links may no longer function.

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This free white paper, “Financial System Considerations in IFRS Conversion Projects,” is provided by the AICPA’s IT Section of the Specialized Communities/Firm Practice Management Group and includes:

 

  • High level discussion of potential system impacts during an IFRS conversion
  • Highlighting key differences between IFRS and US GAAP as well as the impact to financial and business reporting
  • A suggested IFRS conversion project timeline
  • Lessons learned from Europe
  • An example on how XBRL is helping Canada transition to IFRS

The white paper is available at ifrs.com or by clicking here.

Gianluca Garbellotto is an international expert on the business and technical aspects of the Extensible Business Reporting Language (XBRL) and XBRL Global Ledger Framework.

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Janis W. Parthun, CPA/CITP, CISA is the Senior Technical Manager, IT – Specialized Communities/ Firm Practice Management Group for the AICPA.

Greg Zegarowski, CPA, is the president of the Financial Leadership Corporation, a company focusing on building sustainable success through reporting, compliance, and data governance.