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They have recruited an internal accountant who has bookkeeping experience but who needs help to ensure Deal's 2016 nancial statements comply with Accounting Standards for

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\"They have recruited an internal accountant who has bookkeeping experience but who needs help to ensure Deal's 2016 nancial statements comply with Accounting Standards for Private Enterprises (ASPE). They noticed that some European companies apply International Financial Reporting Standards (IFRS). They want to know whether IFRS is a more appropriate framework for Deal to use and ask you to explain the factors they should consider in their decision to either stay with ASPE or move to IFRS. They do not want a detailed comparison of the standards

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