Preliminary Impact Assessment

The first phase of the IFRS conversion process is the preliminary impact assessment and includes the following steps:

  • Provide a high-level assessment of Canadian/IFRS accounting differences and the impact on your organization.
  • Produce a high-level diagnostic report of differences and the impact of IFRS.
  • Identify main GAAP differences, focused on your organization and industry.
  • Advise on a conversion strategy and develop a conversion plan and timetable.

To find out how MNP can help you make the transition to IFRS, please contact your local MNP advisor or call Jason Kingshott, CA, at 1.877.500.0792.