There are over a 125 countries that either require or permit the use of
IFRS. Closer to home, Canada adopted IFRS on January 1, 2011 and Mexico
is going to adopt IFRS on January 1, 2012. The SEC is poised to set a
mandatory adoption date for publicly traded companies to implement IFRS
in 2015 or 2016. In addition, the AICPA recognizes the International
Accounting Standards Board (IASB) as a standard setter which allows
privately held companies to adopt IFRS for Small-to-Medium Sized
Entities (IFRS for SMEs). Whether you’re in public or industry
accounting, have a client base solely in privately-held companies, or
work for a privately held business, the likelihood of an IFRS question
being asked of you is increasing. This course offers basic knowledge
that every CPA needs to know about IFRS. .