This section of Protiviti's "Guide to International Financial Reporting Standards" addresses common questions concerning the impact and implications of the International Financial Reporting Standards (IFRS) in Canada. Topics covered include: What are the timelines for conversion to IFRS in Canada? Will the adoption of IFRS be required for organizations that are not publicly accountable enterprises (PAEs)? And, as a private company looking to be acquired by a public company, should we consider converting to IFRS?