The Primary Principle Addressed by Recent Changes to ASPE and IFRS

question 47

Multiple Choice

The primary principle addressed by recent changes to ASPE and IFRS on accounting changes and error corrections is the:

• A) Going-concern principle.
• B) Matching principle.
• C) Comparability principle.
• D) Full-disclosure principle.

---

Definitions:

Common Perceptions

Widely shared beliefs or opinions about a specific topic or object.

Shared Values

Represents the common core beliefs or principles that members of an organization or society hold as important.

High-Performance Task Forces

Specialized teams designed to focus on critical tasks, characterized by high levels of collaboration, expertise, and efficiency, driving superior results.

Strong Subcultures

Subgroups within an organization or society with distinct values and norms that strongly influence their members.