Canadian Accounting Standards allow a choice of whether or not to use International Financial Reporting Standards for which type of company?

Name: Canadian Accounting Standards allow a choice of whether or not to use International Financial Reporting Standards for which type of company?
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Question

Quizplus · Accepted Answer

All private companies in Canada have the option to choose whether or not to use International Financial Reporting Standards (IFRS); this choice allows them flexibility in their financial reporting.

Canadian Accounting Standards Allow a Choice of Whether or Not