Are you concerned about potential differences between Accounting Standards for Private Enterprises (ASPE) and International Financial Reporting Standards (IFRS) for your organization? With the increasing complexity of IFRS, the number of differences that may arise for entities are increasing each year.
This series outlines the extent of differences on a standard-by-standard basis, identifying specific areas where entities may encounter measurement, classification and presentation differences between their current financial reporting under ASPE as compared to IFRS, both currently effective and effective in the future.
If you require further guidance on differences between ASPE or IFRS please contact your local BDO Canada LLP office. BDO offers a full range of services relating to GAAP conversions. If you are considering the adoption of a new standard, learn how our BDO Accounting Advisory Services Team can help you with the transition.
A summary of differences by standard and a level of difference rating is outlined below.
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