The CPA Canada Handbook is the most important primary source of GAAP.

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The CPA Canada Handbook is the authoritative source of GAAP in Canada. It includes the Canadian Accounting Standards for Private Enterprises (ASPE), the Canadian Accounting Standards for Not-for-Profit Organizations (ASNPO), and the International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB). Thus, it is considered the most important primary source of GAAP in Canada.

The CPA Canada Handbook Is the Most Important Primary Source