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GAAP / IFRS & Accounting Advisory in Canada

Private Canadian companies often use ASPE; public and IFRS-reporting groups use IFRS. We report under, and convert between, both.

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Why it's different here

GAAP / IFRS & Accounting Advisory, tuned to Canada.

Private Canadian companies often use ASPE; public and IFRS-reporting groups use IFRS. We report under, and convert between, both.

Reporting framework: IFRS or ASPE. Primary regulator: the CRA and provincial authorities. Company registry: federal or provincial corporate registries. Everything runs remotely, on Canada's calendar, in CAD.

Full scope

What's included.

The complete gaap / ifrs & accounting advisory scope — all of it available to Canada clients.

US GAAP reporting

Financial statements and disclosures under US GAAP — for US companies and foreign subsidiaries reporting up to US parents.

IFRS reporting

Full IFRS financial statements — the framework used across the UK, Gulf, Australia, New Zealand, Canada, Pakistan and most of the world.

Local-framework reporting

The national flavours done right: FRS 102 (UK), ASPE (Canada), IFRS for SMEs, and each Gulf market's adopted standards.

Framework conversions

Moving reporting from one framework to another — a re-measurement exercise that can change reported profit and equity, not a relabelling job.

First-time adoption (IFRS 1)

The transition rules, exemptions and opening balance sheet for a company adopting IFRS for the first time.

Revenue recognition (ASC 606 / IFRS 15)

Contract reviews, the five-step model applied to your actual deals, and the ongoing calculations these standards demand.

Lease accounting (ASC 842 / IFRS 16)

Lease registers, right-of-use models and transition calculations — one of the most common audit pain points, solved.

Technical accounting memos

Written positions on hard questions — share-based payments, financial instruments, consolidation, impairment — with references your auditors can tie out.

Consolidations & group reporting

Multi-entity, multi-currency consolidations with clean elimination and translation workings.

Financial statement preparation

Complete statutory financial statements with disclosure checklists — ready for audit, filing or investors.

Audit support & auditor liaison

Your side of the audit handled: schedules, queries and technical debates with the audit team, so findings don't become surprises.

How we deliver

Process & quality control.

Framework gap analysis

Line-by-line comparison of your current reporting against the target framework.

Conversion plan

Adjustments ranked by financial-statement impact, with an audit-trail design agreed up front.

Re-measurement & memos

Each adjustment calculated, documented and supported by a technical memo.

Converted statements

Full statements with disclosures, reconciliations, and support files for audit.

TurnaroundScoped per engagement; conversions are planned around your audit or transaction deadline.

Quality controlEvery adjustment is memo-backed and second-reviewed; nothing rests on "that's how we've always done it".

More services in Canada

Deal Advisory (M&A)Risk & Governance Bookkeeping & CAS Outsourced Controller FP&A & Fractional CFO Taxation

Questions

GAAP / IFRS & Accounting Advisory in Canada — FAQs

How does GAAP / IFRS & Accounting Advisory work for a Canadian company specifically? +

Private Canadian companies often use ASPE; public and IFRS-reporting groups use IFRS. We report under, and convert between, both. We deliver it fully remotely, reporting under IFRS or ASPE and coordinating with the CRA and provincial authorities and federal or provincial corporate registries where the work touches them.

Which framework do we actually need? +

Usually decided by where your investors and regulators sit: US GAAP for US investors and the SEC; IFRS for the UK, EU, Gulf and most of the rest of the world. Every country page on this site says which framework applies locally.

Will conversion change our reported profit? +

It can — inventory methods, leases, development costs and revenue timing are common movers. The gap analysis quantifies this before you commit.

Can our auditors rely on your memos? +

The memos are written to audit-file standard with authoritative references, and we handle auditor questions on them directly.

Do you also handle the first year of dual reporting? +

Yes — most clients keep us on for the first reporting cycle under the new framework, until internal teams are comfortable.

GAAP / IFRS & Accounting Advisory for your Canada business.

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