Wallace Consulting Group is an independent boutique firm that specializes in IFRS conversion services for public companies in Canada. We have developed a proprietary IFRS conversion methodology using our previous global conversion experience that considers all aspects of the conversion process including best practices. Our plan is designed to provide high quality project plan deliverables on a timely basis and in a cost-effective manner.

We understand that you are looking for a service provider that is more than just technically competent; you are looking for a firm that can provide the following:

• Objectivity and Independence
• Credentials
• Methodology
• Planning

Objectivity and Independence - As we have no ties to any public accounting firms we can undertake any aspect of your IFRS conversion with no risk of conflict of interest. As representatives of management we are not restricted from performing functions that would be inappropriate for the external auditor to perform, such as recommending appropriate accounting policies where IFRS provides alternative choices.

Credentials – All of our senior consultants are Chartered Accountants who have successfully completed the ICAEW IFRS Award Programme Diploma Level. We have many years of experience in financial reporting, addressing technical accounting matters, and preparing IFRS conversions. Our senior consultants have worked on IFRS conversion engagements in Canada, the UK, and the EU. Our technical and specialty knowledge will reduce the learning curve associated with implementing IFRS. This will minimize the time spent on the project and ultimately reduce the project cost.

Methodology – Our IFRS conversion methodology has been developed over the past few years and addresses all aspects of the transition (i.e., GAAP differences, disclosure differences, and other operational considerations). The methodology incorporates tools that our consultants have used while working with the BIG 4 accounting firms to ensure that all material issues are identified during the planning stage.

Planning - One of our main observations is that companies have not dedicated enough time on planning their approach to converting to IFRS. Wallace Consulting Group can provide management with a detailed conversion plan that considers all aspects of the conversion thereby ensuring efficiency throughout the process.