The accounting standards that publicly traded companies in Canada must adhere to are
A)International Financial Reporting Standards.
B)Accounting Standards for Private Enterprise.
C)Canada Revenue Agency Standards.
D)all of the above

Question

Quizplus · Accepted Answer

Publicly traded companies in Canada must adhere to International Financial Reporting Standards (IFRS). Accounting Standards for Private Enterprise (ASPE) are used for private companies that are not publicly traded. Canada Revenue Agency (CRA) Standards are specific rules and guidelines for tax purposes and do not apply to financial reporting.

The Accounting Standards That Publicly Traded Companies in Canada Must