The CPA Canada Handbook now has various parts,Part I is known as ________ and is designed for publicly accountable enterprises and government private enterprises;Part II is known by the abbreviation ________ and is designed for private companies.
A)ASPE,IMF
B)IFRS,ASPE
C)Global GAAP,GAAP
D)CPA,CGA
E)GAAP,IPRS

Question

Quizplus · Accepted Answer

Part I of the CPA Canada Handbook is known as IFRS (International Financial Reporting Standards) and is designed for publicly accountable enterprises and government private enterprises. Part II is known as ASPE (Accounting Standards for Private Enterprises) and is designed for private companies.

The CPA Canada Handbook Now Has Various Parts,Part I Is