The implementation of IFRS has significant consequences for Canadian organizations. Search online for information relating to Canadian IFRS and PPE revaluation. Comment on at least one specific difference between IFRS requirements and the current Canadian GAAP. Include the Internet link you found in your answer. Publications by major accounting firms (e.g.; Deloitte, Price Waterhouse Coopers) and accounting association (e.g.;CPA) are good sources of information. Answer must be at least 2 paragraphs long.

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IFRS means International Financial Reporting Standard A new report by the certified general accounta... View the full answer