Accounting Standards

  
• Impact on accounting and administrative systems with an increased reliance on manual solutions (e.g., spreadsheets) rather than embedded systems reporting
• Training internal stakeholders (e.g., staff, management) and educating external stakeholders (e.g., board of directors, investors) about the new standards
• Enhancements to processes, systems and controls that distract management from their regular activities.

A unique Canadian requirement is the Canadian Investor Confidence Rules (alternatively known as National Instrument 52-109) regarding management’s attestation of the efficacy of the enterprise’s internal controls over financial reporting and disclosure controls and procedures. Canadian enterprises will have to design and test controls that address the risk of financial statement misstatement as a result of converting from Canadian Generally Accepted Accounting Principles (GAAP) to IFRS. These controls will have to be in place during and after the transition to IFRS. « Back | Continue »		  

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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