International Financial Reporting Standards will first be adopted by which of the following in Canada?

Question

Quizplus · Accepted Answer

International Financial Reporting Standards (IFRS) will first be adopted by publicly accountable organizations in Canada. These organizations include publicly traded companies, financial institutions, and Crown corporations. Other types of companies, such as for-profit companies and those with government loans owing, may adopt IFRS voluntarily.

International Financial Reporting Standards Will First Be Adopted by Which