Both Canada and Japan have adopted IFRS even though the two countries differ in many ways. What is one area in which the two countries differ?
A)Corporate structure
B)Issuance of consolidated financial statements
C)Use of common law
D)Ability to select accounting policies

Question

Quizplus · Accepted Answer

Canada and Japan differ in their corporate structure, with Canada having a more decentralized corporate structure compared to Japan's more centralized and hierarchical structure.

Both Canada and Japan Have Adopted IFRS Even Though the Two