Which of the following reporting standards are generally used by Canadian firms when reporting their financial results?

Question

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Canadian firms generally use International Financial Reporting Standards (IFRS) when reporting their financial results. While They Generally Accepted Accounting Standards (GAAP) used to be the standard, Canadian public companies are now required to follow IFRS as set out by the International Accounting Standards Board. Generally Accepted International Standards (GAIS) and ISO 9000 Standards are not relevant to financial reporting.

Which of the Following Reporting Standards Are Generally Used by Canadian