Services
SOX/CSOXIFRS Solutions
Interim Finance & IT Leadership Solutions
Information Technology Solutions
IFRS Transition and Implementation Solutions
Our IFRS Impact Assessment provides a comprehensive overview of issues specific to your organization and:
- Provides you with a roadmap for a cost effective and timely transition to IFRS
- Alerts you to critical issues across the business that require your attention
- Provides a foundation for your IFRS transition implementation plan
- Serves as a basis for disclosure in your MD&A during the transition phase
- Ensures a properly controlled and documented process for IFRS implementation
in support of the CEO/CFO Certification under SOX/CSOX internal control design
and documentation requirements
Planning & Project Management
A detailed Project Management process needs to be applied to an undertaking of this magnitude to ensure success. The plan needs to highlight sponsors, milestones, project team structure, monitoring and reporting protocols and the communication strategy. Critical decisions will need to be made efficiently and effectively and communicated to the appropriate Board and management representatives. All stakeholder requirements will need to be addressed in the plan including Information Technology, Human Resources, Internal Control Sponsors, Legal, Investor Relations, Board of Directors and Audit Committees.
Education & Training
Audit Committees, management and finance employees will require varying degrees of information and training. We can conduct educational sessions or prepare memoranda ranging from high-level information to detailed training on specific standards. Information is always tailored for specific audiences and focused on issues relevant to your organization.
Detailed Analysis & Documentation
Once the issues associated with your organization are identified, detailed analysis will be required to quantify the impact of anticipated changes in accounting policies. In addition, there will be areas in which policy alternatives are available under IFRS and will require careful consideration. This analysis should take into account the initial transition implications (IFRS1) and the effect of on-going selection of alternatives available under IFRS. We can alleviate your team workload by providing quantitative analysis of changes in accounting policies and detailed documentation of the process undertaken to select appropriate policies.