INSTRUCTIONS
Resources.
What policies and procedures should be modified in order meet IFRS requirements?
- How the project should be managed.
What organizational structures, policies, or procedures should be in place to ensure that the implementation is ethical and compliant with all IFRS requirements?
Presentation to the Executive Board: For the executive leadership team, create a PowerPoint presentation, 10-12 slides, including slide notes to summarize the essential information regarding the impact of the adoption of IFRS on financial statements and investors of the company, which includes the information from the operational plan. At the end of your executive summary, give your strongest recommendation on the convergence to IFRS. Use the FASB Codification and IFRS to address all technical accounting issues presented in the questions, being certain to reference the applicable sections of the Codification and IFRS in your report. All sources used to support your responses should be properly documented. You should have other credible sources in addition to the Codification and IFRS.