Question
What reporting choices are given to Canadian private not-for-profit organizations? Multiple Choice a. If the NFPO was formed prior to 2010, they may continue to
What reporting choices are given to Canadian private not-for-profit organizations? Multiple Choice
a. If the NFPO was formed prior to 2010, they may continue to report in accordance with the Canadian standards for not-for-profit enterprises that existed prior to 2011-2012.
b.They may report using the standards found in Part III of the CPA Canada Handbook and apply Part II (ASPE) to the extent that the Part II standards address topics not addressed in Part III.
c.They may report under the Accounting Standards for Private Enterprises (ASPE) found in Part II of the CPA Canada Handbook without modification.
d.They may report under the International Financial Reporting Standards (IFRS) modified by the standards found in Part III of the CPA Canada Handbook.
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