The world's top standard setters shared their views on international accounting standards at the first International IFRS Conference-North America held in Toronto in April. The conference was jointly sponsored by the Canadian Institute of Chartered Accountants and the International Accounting Standards Committee Foundation.

Canada needs to adopt IFRS

Accounting Standards Board chair Paul Cherry pointed out that "the whole purpose of Canada's adopting IFRS is access to capital markets in a cost-effective manner." As a small economy, Canada must draw investors from outside its borders if it is to be competitive in global markets. Sir David Tweedie, chair of the International Accounting ...

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