IFRS Risk Planning and Controls Execution - Strategic Considerations for Financial Managers
By Tony Ouk on Sep 04, 2009
The Journal of Accountancy recently published an article highlighting some strategic considerations for financial managers regarding their IFRS conversion strategy. There are three main areas the article addresses: parallel reporting risks, continual monitoring and testing, and how internal control/audit staff can assist in identifying change.
This article does a great job in showing that the convergence to IFRS is really an on-going process that should be strategically planned and done in stages.
You can access the full article on this website.