Financial covenants will not be impacted by the change in financial ratios resulting from the change in accounting standards from Accounting Standards for Private Enterprises (ASPE)_to International Financial Reporting Standards (IFRS).

Question

Quizplus · Accepted Answer

Financial covenants may be impacted by the change in financial ratios resulting from the change in accounting standards from ASPE to IFRS. As financial ratios may change under IFRS, it is important to review all existing financial covenants to determine their potential impact on the organization's compliance.

Financial Covenants Will Not Be Impacted by the Change in Financial