Amendments reflect the adoption of IFRS
Changeover date moved to Jan. 1, 2012
Transition to IFRS is fast approaching
Smaller companies worried about resources
Regulator seeks comment on proposals
More improvements should be made as 2011 transition approaches
Changes in financial reporting will require companies to explain possible changes in earnings per share and increases in pension liabilities
U.S. regulator approves statement on global accounting standards
Change in accounting standards could make it more difficult to compare financial results
Companies will need to provide more information about their transition plans