One of the differences between IFRS and ASPE is that under ASPE there is no other comprehensive income.

Name: One of the differences between IFRS and ASPE is that under ASPE there is no other comprehensive income.
Brand: Quizplus
Rating: 4.9 (54 reviews)

Question

Quizplus · Accepted Answer

Under ASPE (Accounting Standards for Private Enterprises), there is no concept of other comprehensive income, whereas IFRS (International Financial Reporting Standards) includes other comprehensive income as part of the financial statements.

One of the Differences Between IFRS and ASPE Is That