"Canadian Accounting-Standards Changes are Sign of the Times"
By Tamarind Phinisee: Canada recently announced that it will be changing its accounting standards in 2011.
Currently, Canadian public companies report their financial information based on Canadian Generally Accepted Accounting Practices (GAAP). These standards are very similar to those used in the United States.
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Source: Washington Business Journal, 2 May 2008. © 2008 American City Business Journals, Inc. and its licensors. All rights reserved.