PE GAAP or IFRS?

You may be confused by the choice, but you still need to choose. And soon!

The Accounting Standards Board recently released new accounting standards, Private Enterprise GAAP -- and private companies now have an important choice to make.

Private enterprises will have to decide whether to adopt the new standards, PE GAAP, or whether they will choose to adopt International Financial Reporting Standards, commonly referred to as IFRS.

In having discussions with our clients, it has become clear that there is a lot of confusion in the marketplace. Check out our new publication on frequently asked questions about PE GAAP. Also, tune into a new Strategy Talks podcast featuring Sal Bianco, a partner in our Private Company Services practice. He gives great tips about the choice that private enterprises need to make.

Comments

[Chris Guilbeault]

Does this apply to private gas and grain cooperatives?

[PCS Team]

Thanks for your question! Someone will get back to you with an answer soon.