Companies using Accounting Standards for Private Enterprises (ASPE) are not required to present basic earnings per share information in their financial statements.

Question

Quizplus · Accepted Answer

Under ASPE, there is no requirement for private enterprises to disclose earnings per share (EPS) information in their financial statements, as this requirement is specific to publicly accountable enterprises which typically report under International Financial Reporting Standards (IFRS) or other standards applicable to public companies.

Companies Using Accounting Standards for Private Enterprises (ASPE) Are Not