What Reporting Choices Are Given to Canadian Non-Governmental and Not-For-Profit

What reporting choices are given to Canadian non-governmental and not-for-profit organizations?

A) They may report under the Accounting Standards for Private Enterprises (ASPE) without modification.
B) They may report under the Accounting Standards for Private Enterprises (ASPE) modified by the standards found in Part III of the CPA Canada Handbook.
C) They may report under the International Financial Reporting Standards (IFRS) modified by the standards found in Part III of the CPA Canada Handbook.
D) They may continue to report in accordance with the Canadian standards for not-for-profit enterprises that existed prior to 2011-2012.