requiring only PC. More recently, the International Accounting Standards Board (IASB) has decided to issue a new standard that …In 1995, the Canadian Institute of Chartered Accountants (CICA) changed its Generally Accepted Accounting Principles on … accounting for joint ventures from permitting a choice between the equity method (EM) and proportionate consolidation (PC) to …

decision in 2005 to adopt IFRS is particularly interesting because Canada had well-developed domestic accounting standards and …Explores Canadian regulators' decision to adopt International Financial Reporting Standards (IFRS). The Canadian … because a significant fraction of Canadian industry was lobbying for the adoption of U.S. Generally Accepted Accounting …