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Canada’s Adoption of IFRS - Week 2 Assignment
Amie Jo Prieskorn
[email protected]
March 15, 2015
ACCT 525
Professor Blaise Bender

I chose Canada because being from Michigan, Canada is a very close neighbor that we do business with on a daily basis which includes trucking, tourism and trade. Canada’s conversion process was quite lengthy and time consuming, almost similar to our introduction of the ACA (Affordable Care Act). 1. Describe the process that your selected country went through to adopt IFRS, such as how long it took for the country to fully adopt IFRS. The adoption process began in 2007 and concluded in 2011 with public companies fully implanting adoption on January 1, 2011 (“The Conversion of…..”, 2007). This process was spaced out over years in order to make the transition smooth and easy, unlike our adoption of the ACA, which has only caused confusion and stress. This conversion only applies to public c...

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