The solution of the Canadian regulators to adopt International Financial Reporting Standards (IFRS). Canada's decision in 2005 to adopt IFRS is particularly interesting because Canada is well-developed domestic accounting standards, and because much of the Canadian industry lobbying U.S. Generally Accepted Accounting Principles (GAAP), rather than IFRS. The point is positioning students as advisor important local politician. Based on cultural, economic and political information available in 2005, the case requires students to choose between:. (I), keeping the Canadian GAAP; (II) the adoption of U.S. GAAP, or (III) the adoption of IFRS "Hide
by Karthik Ramanna, Beiting Cheng Source: Harvard Business School 16 pages. Publication Date: August 26, 2009. Prod. #: 110023-PDF-ENG
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