Accounting Standards

  
Additionally Private Enterprise GAAP is an option for private companies that do not wish to adopt IFRS. Although not as onerous as IFRS there are a number of differences between Private Enterprise GAAP and Canadian GAAP for private companies to consider.

There are many issues as your enterprise transitions from Canadian GAAP to one of the alternative standards. An effective starting point is a conversion plan which serves to highlight unique requirements. This forms the basis of the transition or implementation phase of adopting IFRS or Private Enterprise. We also recommend a project management plan in order to facilitate this process in an orderly and structured manner. Glenidan Consultancy has assisted a number of companies with the transition from Canadian GAAP in a variety of industries. We have also presented IFRS courses across Canada on behalf of the following organizations: The Canadian Institute of Chartered Accountants, Acumen Information Services, Federated Press Inc. and Infonex Finance. ●
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Compliance

We have been implementing the Investor Confidence Rules (alternatively known as National Instrument 52-109) for Canadian public companies since 2005.

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Project Management

Outsourcing Information Technology audits and Enterprise Risk Management programs for public and private enterprises are the two most common demands for our project management services.

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Accounting Standards

We have the expertise and experience to converge Generally Accepted Accounting Principles to either International Financial Reporting Standards or Private Enterprise GAAP for Canadian enterprises.

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Extensible Business Reporting Language (XBRL)

Replacing SEDAR (System for Electronic Document Analysis and Retrieval) with XBRL for Canadian public companies is underway on a voluntary basis.

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