Private companies adhering to Canadian GAAP apply which of the following accounting framework(s)?
A) ASPE
B) IFRS
C) ASPE or IFRS
D) ASPE and IFRS

Name: Private companies adhering to Canadian GAAP apply which of the following accounting framework(s)? A) ASPE B) IFRS C) ASPE or IFRS D) ASPE and IFRS
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Question

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Private companies in Canada can choose to apply either ASPE (Accounting Standards for Private Enterprises) or IFRS (International Financial Reporting Standards) as their accounting framework.

Private Companies Adhering to Canadian GAAP Apply Which of the Following