A statement of cash flows is
A)only required by companies operating under ASPE.
B)only required by companies operating under IFRS.
C)not a requirement for any company,so long as they have their financial statements audited.
D)none of the choices are correct.

Question

Quizplus · Accepted Answer

A statement of cash flows is required under both ASPE (Accounting Standards for Private Enterprises) and IFRS (International Financial Reporting Standards), and it is a mandatory part of a company's financial statements regardless of whether the financial statements are audited.

A Statement of Cash Flows Is