Discussion:IFRS and ASPE

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Discussion Forum Index --> Accounting Questions --> IFRS and ASPE

TSarah (talk|edits) said:

24 September 2012
If a company has an option to use the ASPE method, why do you think the company would choose the IFRS instead?

EmpireCPA (talk|edits) said:

25 September 2012
I have not thoroughly researched IFRS to comment on pro's and con's vs US GAAP. I really can't comment on Canadian standards including ASPE. I would say that external factors can influence the decision to choose a reporting regime. Creditors can require that financials are prepared according to a particular set of standards. Also, the decision maker may believe that IFRS provides a higher profile/greater legitimacy to the company's financial information.

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