Which of the following is a reason for the differences in the disclosure requirements for investments in associates under IFRS and ASPE?
A) ASPE requires that the associate must be a private entity.
B) ASPE does not include an "associates" category.
C) ASPE allows the use of methods other than the equity method.
D) ASPE does not allow the equity method.

Question

Quizplus · Accepted Answer

ASPE allows the use of methods other than the equity method, while under IFRS, investments in associates must be accounted for using the equity method unless certain criteria are met. The other options are incorrect as ASPE does include an "associates" category, does not require the associate to be a private entity, and does allow the use of the equity method.

Which of the Following Is a Reason for the Differences