Accounting Standards
All investment funds in Canada will be required by the Canadian Securities Administrators (CSA) to adopt International Financial Reporting Standards (IFRS) for fiscal years commencing January 1, 2014. Early adoption is also permitted.
IFRS is in a constant state of enhancement and revision. IFIC has commented on several proposed changes to IFRS and will continue to comment on any proposed standard which may impact accounting standards for investment funds.
