Canadian Companies Turning Against IFRS
February 24, 2012
Posted by on
In a previous blog post we highlighted the impact of BCE’s balance sheet with the implementation of IFRS versus Canadian GAAP (here). It seems a number of Canadian Companies are opting to US GAAP instead of IFRS. Great article that we haven’t seen picked up in the main Canadian financial press yet!
Turning against IFRS – Twenty percent of Canadian large-caps are choosing U.S. accounting.
P.S. Whether Canadian GAAP, IFRS, or US GAAP, model price is robust enough to look through the above noted financial standards and has no preference which standard is used.