What is the Difference Between IFRS and ASPE

What is the Difference Between IFRS and ASPE

Understanding the difference between IFRS (International Financial Reporting Standards) and ASPE (Accounting Standards for Private Enterprise’s) is important for businesses as it can have implications. Business in Canada are allowed to choose to follow either IFRS or ASPE. This decision will be ultimately based on whether a business is a private company or a publicly…