In Canada, which organization is primarily responsible for evaluating, setting, or adopting accounting principles related to pension plans and to private or non-profit businesses?
A) Accounting Standards Board (AcSB)
B) International Financial Reporting Standards (IFRS)
C) International Accounting Standards Board (IASB
D) International Board of Accountants (IBA)

Question

Quizplus · Accepted Answer

The Accounting Standards Board (AcSB) is primarily responsible for evaluating, setting, or adopting accounting principles related to pension plans and to private or non-profit businesses in Canada. The other options listed are international organizations or boards, and are not specific to Canadian accounting standards.

In Canada, Which Organization Is Primarily Responsible for Evaluating, Setting