On January 1, 2011, Canada adopted the International Financial Reporting Standards (IFRS) for publicly traded companies to provide international consistency in financial reporting. Which of the following administers IFRS in Canada?
A) Canadian Association of Certified Public Accountants
B) International Accounting Standards Board
C) Canadian Accounting Standards Board
D) Canadian Securities and Exchange Commission

Question

Quizplus · Accepted Answer

The International Accounting Standards Board (IASB) administers the International Financial Reporting Standards (IFRS) globally, including in Canada.

On January 1, 2011, Canada Adopted the International Financial Reporting