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Details

Industry: Financial Services, Banking & Finance
Type: White paper
Date: 1/16/2012

Transition to IFRS – The impact on the “Big 6” Canadian banks

This technical report compares and analyzes Canada’s six largest public banks’ annual financial statements and management’s discussion and analysis disclosures of how they currently intend to apply the IFRS principles on their transition to IFRS.

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Transition to IFRS – The impact on the “Big 6” Canadian banks (PDF 387 KB)

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Transition to IFRS looks at the mandatory requirements and choices offered by IFRS1, First-time adoption of IFRS, as well as the significant differences between Canadian GAAP and IFRS as identified and applied by these banks.

This report also looks at the quantification of the transition adjustments and their impact on the key performance metrics of these banks.

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