Ali Shan CPA Canada

ASPE VS IFRS: A COMPARISON SERIES by BDO Canada

Are you concerned about potential differences between Accounting Standards for Private Enterprises (Canadian 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 by BDO Canada 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.

These publications will be particularly useful to the following individuals:

  • Controllers who prepare financial statements under ASPE;
  • Investors in the Canadian market who are experienced in IFRS, but unfamiliar with the local differences in Canada; or
  • Board members looking to increase their financial literacy relating to IFRS to better serve their boards and committees.