To maintain consistency,the accounting profession requires companies to use the same chart of accounts,whether operating under IFRS or ASPE.

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The accounting profession allows for flexibility in the chart of accounts; companies can tailor them to their specific needs, and there is no requirement for uniformity between those operating under International Financial Reporting Standards (IFRS) and Accounting Standards for Private Enterprises (ASPE).

To Maintain Consistency,the Accounting Profession Requires Companies to Use the Same