XBRL Canada Webinar - February 7, 2018, 12:00 PM – 1:00 PM (Eastern)
Canadian 20-F/40-F
IFRS Filers: Time’s Almost Up to Comply with XBRL
To register,
please send an email to gtrites@xbrl.ca.
Further details will be provided upon registration. There is no cost to attend,
but pre-registration is required. Attendance may be limited.
Background - Canadian companies listed with the
SEC who use IFRS for their 20-F and 40-F filings will be required to file in
XBRL starting with fiscal year ends on or after December 15, 2017 and to post
the files on their investor relations web site. Many filers need to file as
early as March, 2018. With only a few months left to prepare and comply,
companies need to consider how they are going to go about it.
Some companies have chosen to outsource the work to one of
the many providers of XBRL services. Others plan to carry out the work in
house, by purchasing the necessary software and training staff to prepare the
filings, potentially using additional XBRL consulting services. Those that have
not yet begun to plan may find the tasks of finding resources and preparing
internally to be a challenge.
XBRL isn’t just a technology issue, and management cannot
outsource their responsibilities; companies will need to engage their accounting/financial
reporting personnel to the job, because XBRL preparation is an accounting-oriented
task. Whether you choose to outsource or plan to do the work in-house, you need
to spend time learning the requirements, the taxonomy and at least some of the technical
details, and how they relate to your specific reporting requirement.
This Webinar will provide concrete guidance and references
to help companies comply with the requirements for FPIs. After a 40 minute
presentation, we hope you will join us on Telegram to continue the discussion.
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