What classifications of Canadian corporations are required to use International Financial Reporting Standards (IFRS)?
A)publicly accountable enterprises
B)all companies
C)private companies
D)none

Question

Quizplus · Accepted Answer

Publicly accountable enterprises in Canada are required to use International Financial Reporting Standards (IFRS) for financial reporting. This classification includes companies that have issued (or are in the process of issuing) debt or equity instruments in a public market.

What Classifications of Canadian Corporations Are Required to Use International