Applying financial reporting standards can be quite complex. The BDO team can help you assess your situation and prepare for the opportunities and challenges involved.
This publication gives a high-level overview of Handbook Section 1506, Accounting Changes, in Part II of the CPA Canada Handbook – Accounting. The publication provides guidance on accounting for and disclosing a change in accounting policy or a change in an accounting estimate, and the correction of an error relating to prior period financial statements.